Common use of Deposit of Escrow Fund Clause in Contracts

Deposit of Escrow Fund. The Escrow Agent shall establish accounts in the name of "Potential Investors of GAM Avalon Multi-Europe, L.P." (hereinafter the "Subscription Account") and "GAM Avalon Multi-Europe, L.P. Repurchase Account" (hereinafter the "Repurchase Account") (collectively the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money market funds, including funds which are advised by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle). The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests in the Partnership ("Potential Investors") and made payable to GAM Avalon Multi-Europe, L.P. Potential Investors may also deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Partnership. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the Partnership.

Deposit of Escrow Fund. The Escrow Agent shall establish accounts in such of the name of following names as may be set forth in Written Instructions or agreed to between the parties hereto in a separate writing: "Potential Investors of GAM Avalon Multi-Europe"Excelsior Venture Partners III , L.P.L.L.C." (hereinafter the "Subscription Account") and )," "GAM Avalon Multi-Europe, L.P. Repurchase AccountU.S. Trust Company" (hereinafter the "Repurchase Adviser's Account") (collectively individually, an "Account" and, collectively, the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets Assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money will earn interest at prevailing market funds, including funds which are advised rates pursuant to arrangements approved by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle)Company. The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests in the Partnership Company ("Potential Investors") and made payable to GAM Avalon Multi-EuropeExcelsior Venture Partners III, L.P. L.L.C. Potential Investors may also deposit monies in the Subscription Account (if established) by wire transfer pursuant to instructions provided to them by the PartnershipCompany. Balances on deposit The Escrow Agent may accept bulk wires at the direction of an Authorized Person that represent an aggregate amount of money previously deposited directly into the investors' brokerage accounts by such investors. The Escrow Agent will maintain records related to each of the Accounts in accordance with applicable regulatory requirements and the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the PartnershipEscrow Agent's record retention policies.

Deposit of Escrow Fund. The Escrow Agent shall establish accounts in the name of "Potential Investors of GAM Avalon Multi-EuropeTechnology, L.P." (hereinafter the "Subscription Account") and "GAM Avalon Multi-EuropeTechnology, L.P. Repurchase Account" (hereinafter the "Repurchase Account") (collectively the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money market funds, including funds which are advised by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle). The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests in the Partnership ("Potential Investors") and made payable to GAM Avalon Multi-EuropeTechnology, L.P. Potential Investors may also deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Partnership. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the Partnership.

Deposit of Escrow Fund. The Escrow Agent shall establish accounts in the name of "Potential Investors of GAM Avalon Multi-EuropeMarket Neutral, L.P.LLC" (hereinafter the "Subscription Account") and "GAM Avalon Multi-EuropeMarket Neutral, L.P. LLC. Repurchase Account" (hereinafter the "Repurchase Account") (collectively the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money market funds, including funds which are advised by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle). The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests units in the Partnership Fund ("Potential Investors") and made payable to GAM Avalon Multi-EuropeMarket Neutral, L.P. LLC. Potential Investors may also deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the PartnershipFund. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the PartnershipFund.

Deposit of Escrow Fund. The Escrow Agent shall establish accounts in the name of "Potential Investors of GAM Avalon Multi-EuropeGlobal, L.P." (hereinafter the "Subscription Account") and "GAM Avalon Multi-EuropeGlobal, L.P. Repurchase Account" (hereinafter the "Repurchase Account") (collectively the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money market funds, including funds which are advised by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle). The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests in the Partnership ("Potential Investors") and made payable to GAM Avalon Multi-EuropeGlobal, L.P. Potential Investors may also deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Partnership. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the Partnership.

Deposit of Escrow Fund. The Escrow Agent shall establish accounts in the name of "Potential Investors of GAM Avalon Multi-EuropeU.S., L.P.LLC" (hereinafter the "Subscription Account") and "GAM Avalon Multi-EuropeU.S., L.P. LLC. Repurchase Account" (hereinafter the "Repurchase Account") (collectively the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money market funds, including funds which are advised by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle). The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests units in the Partnership Fund ("Potential Investors") and made payable to GAM Avalon Multi-EuropeU.S., L.P. LLC. Potential Investors may also deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the PartnershipFund. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the PartnershipFund.