Investment of Funds definition

Investment of Funds. All Subscription Payments shall be cleared and held in a U.S. Bank Money Market Account, which is FDIC insured.
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Investment of Funds in the Servicing Accounts, Reserve Accounts, Collection Accounts, Interest Reserve Account, Distribution Account, SLC Custodial Accounts, Gain-on-Sale Reserve Account, Additional Interest Account, and REO Accounts. (a) Each Master Servicer may direct in writing any depository institution maintaining a Servicing Account, a Reserve Account, a Collection Account or an SLC Custodial Account on its behalf (each, for purposes of this Section 3.06, an "Investment Account"), the Special Servicer may direct in writing any depository institution maintaining an REO Account (also, for purposes of this Section 3.06, an "Investment Account"), and the Trustee may direct in writing any depository institution maintaining the Distribution Account, the Interest Reserve Account, the Gain-on-Sale Reserve Account or the Additional Interest Account (also, for purposes of this Section 3.06, an "Investment Account") to invest, or if it is such depository institution, may itself invest, the funds held therein only in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, no later than the Business Day immediately preceding the next succeeding date on which such funds are required to be withdrawn from such account pursuant to this Agreement. Funds held in the Distribution Account, the Additional Interest Account and the Gain-on-Sale Reserve Account may remain uninvested. All Permitted Investments of funds in an Investment Account shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such). The Master Servicers on behalf of the Trustee for the benefit of Certificateholders (with respect to Permitted Investments of amounts in the Servicing Accounts, the Reserve Accounts or the Collection Accounts) or the benefit of the Certificateholders and the related Serviced Non-Trust Mortgage Loan Noteholder(s) (with respect to Permitted Investments of amounts in an SLC Custodial Account), the Special Servicer on behalf of the Trustee for the benefit of Certificateholders (with respect to Permitted Investments of amounts in the Pool REO Account) or the benefit of the Certificateholders and the related Serviced Non-Trust Mortgage Loan Noteholder(s) (with respect to Permitted Investments of amounts in an SLC REO Account) and the Trustee for the benefit of the Certificateholders (with respect to Permitted Investments of amounts in the...
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Investment of Funds in the Class C Reserve Account. Funds on deposit in the Class C Reserve Account shall be invested, by the Trustee (or, at the direction of the Trustee, by the Servicer on behalf of the Trustee) at the direction of the Servicer, in Cash Equivalents that will mature so that such funds will be available for withdrawal on or prior to the following Business Day. The interest and other investment income (net of investment expenses and losses) earned on such investments will be retained in the Class C Reserve Account (to the extent that the amount on deposit in the Class C Reserve Account is less than the Specified Class C Reserve Amount)or applied on each Business Day as Available Series 1998-3 Finance Charge Collections.
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Examples of Investment of Funds in a sentence

  • Investment of Funds in the Accounts.........................................

  • Regulations 2013 (as amended from time to time), the Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014 (as amended from time to time) including any earlier regulations as defined in these regulations to the extent they remain applicable and the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009 (as amended from time to time).

  • Council's Investment of Funds Policy sets the criteria for making authorised investments of surplus funds after assessing credit risk and diversification limits to maximise earnings and ensure the security of the Town’s funds.

  • The Fund is administered in accordance with the following secondary legislation:- the Local Government Pension Scheme Regulations 2013 (as amended);- the Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014 (as amended);- the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2009 (as amended).

  • Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account.........................................

  • Section 3.12 Investment of Funds in the Collection Account and the Distribution Account........................................

  • The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 require administering authorities to formulate and to publish a statement of its investment strategy, in accordance with guidance issued from time to time by the Secretary of State.

  • Each AVC contributor receives an annual statement showing the amount held in their account and the movements in the year.AVCs are not included in the accounts in accordance with Regulation 4(1)(b) of the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 but are disclosed as a note only (Note 23).

  • Council's Investment of Funds Policy sets the criteria for making authorised investments of surplus funds after assessing credit risk and diversification limits to maximise earnings and ensure the security of the Shire’s funds.

  • The Fund is administered in accordance with the following secondary legislation: • The Local Government Pension Scheme Regulations 2013 (as amended)• The Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014 (as amended)• The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016.


More Definitions of Investment of Funds

Investment of Funds. Funds held in escrow pursuant to this Contract shall be invested in accordance with Sections 7302 of the Michigan Complied Laws, as set forth in the statutes governing pre-paid funeral contracts. Partial Payment: If at the time of performance, Contract Buyer has not paid the full contract price, the specified services and merchandise will be performed or provided upon payment of an additional amount equal to the unpaid principal balance. Alternatively, the amount paid can be applied toward the purchase of other merchandise and services.
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Investment of Funds. All deposits received from Subscribers in connection with the Offering, which must be paid by check or wire only (the “Subscription Payments”) shall be cleared and held in a separate U.S. Bank FDIC — Insured Money Market Account. The Escrow Agent may invest the subscription payments only in such accounts or investments as the Company may specify by written notice. The Company may only specify investment in (i) bank accounts, (ii) bank money-market accounts, (iii) short time certificates of deposit issued by a bank or (iv) short term securities issued or guaranteed by the U.S. Government.
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Investment of Funds. All funds which the Trustee may invest under this Deed of Trust, shall be invested by it, in accounts of one of the four leading banks in Israel, provided the bank’s rating does not drop below AA, in its name or to its order, provided it invests the funds in bank deposits, treasury bills issued by the Bank of Israel and/or government bonds issued by the Bank of Israel. If the Trustee did same it will owe the holders, in respect of said amounts, only the proceeds from the disposal of the investments less its fees and expenses, less the fees and expenses related to the said investment and the management of the trust accounts and less the mandatory payments that apply to the Trust Account, and with respect to the remainder of said funds, the Trustee shall act in accordance with the provisions of Sections 12 and/or 14 above, as the case may be. 18. The Company’s undertakings to the Trustee The Company hereby undertakes to the Trustee, and the Debenture Holders so long as the Debentures (Series B) have not been repaid in full, as follows: 18.1. To continue to conduct the Company’s business in an efficient and appropriate manner. 18.2. To maintain orderly books of account in accordance with accepted accounting principles, to maintain the books and documents used as their references (including deeds of pledge, mortgage, accounts, and receipts) in its offices, and to allow the Trustee and any authorized representative of the Trustee to review, no later than 5 business days from the date of request of the Trustee, to be coordinated in advance with the Company, any book and/or document, as aforesaid, which the Trustee requests to review. In this context, an authorized representative of the Trustee means a person designated by the Trustee for the purpose of such review, by means of a written notice on the part of the Trustee, to be given to the Company prior to the review as aforesaid, subject to an undertaking of confidentiality as specified in the provisions of Section 31.12
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Investment of Funds. All Subscription Payments shall be deposited in a X.X.Xxxx Money Market account and shall upon clearance earn per diem interest at a rate provided by U.S. Bank for such account.
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Related to Investment of Funds

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Investment Account As defined in Section 3.12(a).

  • Eligible Investments Any one or more of the following obligations or securities:

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Investment Decisions Investment, trading, lending or other financial decisions, strategies or recommendations with respect to Investments, whether on behalf of the Master Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof, the Operating Advisor or any Affiliate thereof, the Certificate Administrator or any Affiliate thereof, or the Trustee or any Affiliate thereof, as applicable, or any Person on whose behalf the Master Servicer or any Affiliate thereof, the Special Servicer or any Affiliate thereof, the Operating Advisor or any Affiliate thereof, the Certificate Administrator or any Affiliate thereof, or the Trustee or any Affiliate thereof, as applicable, has discretion in connection with Investments.

  • Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • investment advice means the provision of personal recommendations to a client, either upon its request or at the initiative of the investment firm, in respect of one or more transactions relating to financial instruments;

  • Investment is any beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person.

  • U.S. Investment Company Act means the United States Investment Company Act of 1940, as amended;

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • Family of Investment Companies as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Permissible Investment means the investments specified by the Employer as available for investment of assets of the Trust and agreed to by the Trustee. The Permissible Investments under the Plan shall be listed in the Service Agreement.

  • Investment Agreements has the meaning set forth in the Recitals.

  • Investment Letter shall have the meaning specified in subsection 9.07(a).

  • non-redeemable investment fund means an issuer,

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.