Common use of Held by Special Warrant Agent Clause in Contracts

Held by Special Warrant Agent. Any monies, securities, documents of title or other instruments that may at any time be held by the Special Warrant Agent may be placed in the deposit vaults of the Special Warrant Agent or of any Canadian chartered bank listed in Schedule I of the Bank Act (Canada), or deposited for safekeeping with any such bank. Any monies held pending the application or withdrawal thereof under any provisions of this Indenture, shall be held, invested and reinvested amount in Permitted Investments as directed in writing by the Corporation. Permitted Investments shall be treasury bills guaranteed by the Government of Canada having a term to maturity not to exceed 90 days, or term deposits or bankers’ acceptances of a Canadian chartered bank having a term to maturity not to exceed 90 days, or such other investments that is in accordance with the Special Warrant Agent’s standard type of investments. Unless otherwise specifically provided herein, all interest or other income received by the Special Warrant Agent in respect of such deposits and investments shall belong to the Corporation.