Common use of Moneys Held in Trust Clause in Contracts

Moneys Held in Trust. Upon receipt of a direction from the Guarantors (acting jointly), the Security Trustee shall invest funds held by the Security Trustee in Authorized Investments in its name in accordance with such direction. Any direction from the Guarantors to the Security Trustee shall

Appears in 3 contracts

Sources: Guarantee Indenture (Brookfield Renewable Energy Partners L.P.), Guarantee Indenture (Brookfield Renewable Energy Partners L.P.), Guarantee Indenture (Brookfield Renewable Energy Partners L.P.)

Moneys Held in Trust. Upon receipt of a direction from the Guarantors (acting jointly), the Security Trustee shall invest funds held by the Security Trustee in Authorized Investments in its name in accordance with such direction. Any direction from the Guarantors to the Security Trustee shallshall be in writing and shall be provided to the Security Trustee no later than 9:00 a.m. on the day on

Appears in 1 contract

Sources: Guarantee Indenture (Brookfield Renewable Energy Partners L.P.)