Common use of AUTOMATIC AUTHORIZATION Clause in Contracts

AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Deposit Account. The customer(s) confirm that the U.S. Bank Money Market Deposit Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions. {180826.DOCX / 1 }

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement

AutoNDA by SimpleDocs

AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Deposit AccountAccount 5 (ticker DDAFC5, cusip 0XXXX00X0) with a current return of 0.100. The customer(s) confirm that the U.S. Bank Money Market Deposit Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions. {180826.DOCX / 1 }.

Appears in 1 contract

Samples: Merger Agreement (Telular Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!