Deposits of Funds. All funds of the Company shall be deposited in its name in such checking, money market, or other account or accounts as the Board may from time to time designate; withdrawals shall be made therefrom on such signature or signatures as the Board shall determine.
Deposits of Funds. All checks, money orders or drafts will be processed for collection in the normal course of business. Escrow Agent may initially deposit such funds in its custodial or escrow accounts which may result in the funds being commingled with escrow funds of others for a time; however, as soon as the Escrow Fund has been credited as collected funds to Escrow Agent’s account, then Escrow Agent shall immediately deposit the Escrow Fund into an interest bearing account with any reputable trust company, bank, savings bank, savings association, or other financial services entity approved by Seller and Purchaser, not to be unreasonably withheld. Deposits held by Escrow Agent shall be subject to the provisions of applicable state statutes governing unclaimed property. Seller and Purchaser will execute the appropriate Internal Revenue Service documentation for the giving of taxpayer identification information relating to this account. Seller and Purchaser do hereby certify that each is aware the Federal Deposit Insurance Corporation coverages apply to a maximum amount of $250,000.00 per depositor. Further, Seller and Purchaser understand that Escrow Agent assumes no responsibility for, nor will Seller or Purchaser hold same liable for any loss occurring which arises from a situation or event under the Federal Deposit Insurance Corporation coverages.
3.1. All interest will accrue to and be reported to the Internal Revenue Service for the account of Purchaser, at the address set forth in Section 10.1 of the Agreement, Tax Identification No: [Insert Purchaser’s Tax ID No.: ] (if not inserted, such number as is set forth on the executed W-9 form signed by Purchaser and delivered to Seller).
3.2. Escrow Agent shall not be responsible for any penalties, or loss of principal or interest, or any delays in the withdrawal of the funds which may be imposed by the depository institution as a result of the making or redeeming of the investment pursuant to Seller and Purchaser instructions.
Deposits of Funds. All funds of BOX Holdings shall be deposited in its name in such checking, money market, or other account or accounts as the Board may from time to time designate; withdrawals shall be made therefrom on such signature or signatures as the Board shall determine.
Deposits of Funds. All checks, money orders or drafts will be processed for collection in the normal course of business. Escrow Agent may initially deposit such funds in its custodial or escrow accounts which may result in the funds being commingled with escrow funds of others for a time; however, as soon as the Escrow Fund has been credited as collected funds to Escrow Agent’s account, then Escrow Agent shall immediately deposit the Escrow Fund into an interest bearing account with any reputable trust company, bank, savings bank, savings association, or other financial services entity. Deposits held by Escrow Agent shall be subject to the provisions of applicable state statues governing unclaimed property. Seller and Buyer will execute the appropriate Internal Revenue Service documentation for the giving of taxpayer identification information relating to this account. Seller and Buyer do hereby certify that each is aware the Federal Deposit Insurance Corporation coverages apply to a maximum amount of $100,000 per depositor. Further, Seller and Buyer understand that Escrow Agent assumes no responsibility for, nor will Seller or Buyer hold same liable for any loss occurring which arises from a situation or event under the Federal Deposit Insurance Corporation coverages. All interest will accrue to and be reported to the Internal Revenue Service for the account of Buyer, as set forth below: Name: INLAND REAL ESTATE ACQUISITIONS, INC. Address: 0000 Xxxxxxxxxxx Xxxx Oak Brook, IL 60523 Attn: G. Xxxxxx Xxxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 Tax Identification Number: ______________________ Escrow Agent shall not be responsible for any penalties, or loss of principal or interest, or any delays in the withdrawal of the funds which may be imposed by the depository institution as a result of the making or redeeming of the investment pursuant to Seller and Buyer instructions.
Deposits of Funds. Funds held by Custodian for the Fund may be deposited by it to its credit as Custodian in such banks or trust companies (including, without limitation, affiliates of Custodian) as it may in its discretion deem necessary or desirable; provided, however, that every such bank or trust company shall be qualified to act as a custodian under Section 26(a) of the 1940 Act and that each such bank or trust company and funds to be deposited with each such bank or trust company shall be approved by vote of a majority of the Board of Directors or Trustees of the Fund. Such funds shall be deposited by Custodian in its capacity as Custodian and shall be withdrawable by Custodian only in that capacity; provided, however that depositing such funds shall not relieve Custodian of its responsibilities or liabilities hereunder.
Deposits of Funds. All checks, money orders or drafts will be processed for collection in the normal course of business. Escrow Agent may initially deposit such funds in its custodial or escrow accounts which may result in the funds being commingled with escrow funds of others for a time; however, as soon as the Escrow Fund has been credited as collected funds to Escrow Agent’s account, then Escrow Agent shall immediately deposit the Escrow Fund into an interest bearing account with any reputable trust company, bank, savings bank, savings association, or other financial services entity. Deposits held by Escrow Agent shall be subject to the provisions of applicable state statues governing unclaimed property. Seller and Buyer will execute the appropriate Internal Revenue Service documentation for the giving of taxpayer identification information relating to this account. Seller and Buyer do hereby certify that each is aware the Federal Deposit Insurance Corporation coverages apply to a maximum amount of $100,000.00 per depositor. Further, Seller and Buyer understand that Escrow Agent assumes no responsibility for, nor will Seller or Buyer hold same liable for any loss occurring which arises from a situation or event under the Federal Deposit Insurance Corporation coverages. All interest will accrue to and be reported to the Internal Revenue Service for the account of Buyer, as set forth below: Name: Dividend Capital Operating Partnership LP Address: 518 17th Street, Suite 1700 Denver, Colorado 80202 Attention: W. Jeffrey Jones Phone No.: (303) 285-0374 Fax No.: (303) 228-2201 Tax I.D. 82-0538522 Escrow Agent shall not be responsible for any penalties, or loss of principal or interest, or any delays in the withdrawal of the funds which may be imposed by the depository institution as a result of the making or redeeming of the investment pursuant to Seller and Buyer instructions.
Deposits of Funds. All funds of the Exchange shall be deposited in its name in such checking, money market, or other account or accounts as the Board may from time to time designate; withdrawals shall be made therefrom on such signature or signatures as the Board shall determine.
Deposits of Funds. Funds attributable to the Earnout Consideration (the "Earnout Deposits") shall be paid to the Shareholders' Representative to be distributed to the Shareholders and Kellx xx such times and in such amounts as set forth in the Earnout Agreement. The payment of the Earnout Deposits by CCAi to the Shareholders' Representative under this Escrow Agreement shall constitute payments to each of the Shareholders and Kellx xxxer the Purchase Agreement, each of the Minority Share Purchase Agreements and the Earnout Agreement.
Deposits of Funds. The funds of the Company and its Subsidiaries shall be deposited in an account or accounts in one or more banks or savings and loan associations as are appropriate in the judgment of the Board.
