Common use of Investment and Use of Funds Clause in Contracts

Investment and Use of Funds. The Escrow Agent shall invest the Deposit in interest-bearing accounts satisfactory to Purchaser and Seller, shall not commingle the Deposit with any funds of the Escrow Agent and shall promptly provide Purchaser and Seller with confirmation of the investments made. Notwithstanding the foregoing, the Escrow Agent may commingle the Deposit with other funds prior to the Escrow Agent's receipt of any required investment instructions. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Deposit against the Purchase Price due Seller at Closing.

Investment and Use of Funds. The Escrow Agent shall invest the Deposit in interest-bearing government insured interest‑bearing accounts satisfactory to Purchaser Seller and SellerPurchaser, shall not commingle the Deposit with any funds of the Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Notwithstanding the foregoing, the Escrow Agent may commingle the Deposit with other funds prior to the Escrow Agent's receipt of any required investment instructions. If the Closing under this Agreement occurs, the Escrow Agent shall apply deliver the Deposit against to, or upon the Purchase Price due Seller at Closinginstructions of, Purchaser on the Closing Date.