Common use of Deposit of Escrow Fund Clause in Contracts

Deposit of Escrow Fund. The Escrow Agent shall establish, at an FDIC-insured commercial banking institution of its own choosing (which may include an affiliate of the Escrow Agent) (“Bank”), an account in the name of PNC as agent for the benefit of the Company and/or its investors for subscriptions (the “Subscription Account”). The Escrow Agent shall promptly deposit in the Subscription Account monies remitted by Potential Investors by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company. For the avoidance of doubt, as between the parties, the Company shall be solely responsible for any disclosure obligations regarding the Account(s) to Potential Investors (including the payment of interest and any related tax consequences, if applicable), as the Company deem appropriate.

Deposit of Escrow Fund. The Escrow Agent shall establish, at an FDIC-insured commercial banking institution of its own choosing (which may include an affiliate of the Escrow Agent) (“Bank”), an account in the name of PNC BNYM as agent for the benefit of the Company and/or its investors for subscriptions (the “Subscription Account”). The Escrow Agent shall promptly deposit in the Subscription Account monies remitted by Potential Investors by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company. For the avoidance of doubt, as between the parties, the Company shall be solely responsible for any disclosure obligations regarding the Account(s) to Potential Investors (including the payment of interest and any related tax consequences, if applicable), as the Company deem appropriate.

Deposit of Escrow Fund. The Escrow Agent shall establish, at an FDIC-insured commercial banking a financial institution of its own choosing (which may include an affiliate of the Escrow Agent) (“Bank”), an account in the name of PNC as agent the Company (or in the name of the Escrow Agent for the benefit of the Company and/or its investors for subscriptions investors) (the “"Subscription Account”"). The Escrow Agent shall promptly deposit in the Subscription Account monies remitted by Potential Investors by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company. For the avoidance of doubt, as between the parties, the Company and/or the Manager shall be solely responsible for any disclosure obligations regarding the Account(s) Subscription Account to Potential Investors (including the payment of interest and any related tax consequences, if applicable), as the Company and/or the Manager deem appropriate.