Common use of Commingling and Investment Clause in Contracts

Commingling and Investment. The Escrow Agent is expressly authorized in its discretion to transfer from time-to-time any or all of the assets of the Escrow Account to any common, commingled, or collective Escrow Account created by the Escrow Agent in which the Escrow Account is eligible to participate, subject to all of the provisions thereof, to be commingled with the assets of other Escrows participating therein so long as such management does not conflict with the requirements of this Escrow Account. To the extent of the equitable share of the Escrow Account in any such commingled escrow, such commingled escrow will be part of the Escrow Account.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement

AutoNDA by SimpleDocs

Commingling and Investment. The Escrow Agent is expressly authorized in its discretion to transfer from time-to-time to time any or all of the assets of the Escrow Account to any common, commingled, commingled or collective Escrow Account fund created by the Escrow Agent in which the Escrow Account is eligible to participate, subject to all of the provisions thereof, to be commingled with the assets of other Escrows participating therein so long as such management does not conflict with the requirements of this Escrow Account. To the extent of the equitable share of the this Escrow Account in any such commingled escrowEscrow, such commingled escrow Escrow will be part of the this Escrow Account.

Appears in 1 contract

Samples: Escrow Agreement

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