Investment of Capital Contributions. The cash Capital Contributions of the Owners shall be invested by the Owner Trustee in accordance with Section 5.01.
Investment of Capital Contributions. The Capital Contributions of the Members shall be invested by the Managers in demand, money market or time deposits, obligations, securities, investments or other instruments constituting cash equivalents, until such time as such funds shall be used by the Manager for Company purposes. Such investments shall be made by the Managers for the benefit of the Company. At the request of any Member, in connection with any Capital Contribution, the Managers shall determine, or cause to be determined, whether the Company would be treated as an investment company, within the meaning of Code Section 721, as a result of such Capital Contribution.
Investment of Capital Contributions. The cash portion of the Capital Contributions of the Class A Members will be invested by the Management Committee in demand, money market or time deposits, obligations, securities, investments or other instruments constituting cash equivalents, until such time as such funds are used by the Management Committee for Company purposes. Such investments will be made by the Management Committee for the benefit of the Company.
Investment of Capital Contributions. On the Closing Date, the Manager shall establish an escrow account (the "Escrow Account") with The Bank of New York, as escrow agent (the "Escrow Agent"), pursuant to the terms of an escrow agreement (the "Escrow Agreement"), dated the Closing Date, between the Company and the Escrow Agent. The Manager shall deposit with the Escrow Agent, in accordance with the Escrow Agreement, the Treasury strips purchased pursuant to Article III and the Manager on behalf of the Company shall pledge the Treasury strips to the Escrow Agent for the benefit of the Preferred Members pursuant to the terms of the Escrow Agreement.
Investment of Capital Contributions. (a) The General Partner may establish and maintain in the name of Citizens Capital an Eligible Investment Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Partners. On each Closing Date, the General Partner shall deposit from the proceeds of the aggregate capital contributions received from the Partners an amount equal to at least 1% of such aggregate capital contributions into the Eligible Investment Account. On the first Closing Date, the amount deposited by the General Partner shall equal $_____.
Investment of Capital Contributions. On the Closing Date, the Manager shall establish an escrow account (the "Escrow Account") with Norwest Bank Colorado, National Association, as escrow agent (the "Escrow Agent") pursuant to the terms of an Escrow Agreement, dated the Closing Date, between the Company and the Escrow Agent. The Manager shall deposit with the Escrow Agent, in accordance with the Escrow Agreement, the Treasury strips purchased pursuant to Article III and the Manager on behalf of the Company shall pledge the Treasury strips to the Escrow Agent for the benefit of the Preferred Members pursuant to the terms of the Escrow Agreement.
Investment of Capital Contributions. Section 6.07. REPAYMENT AND RETURN OF CAPITAL CONTRIBUTIONS ..............
Investment of Capital Contributions. The Company shall invest all of the proceeds from the issuance of the Preferred Interests and all sums received in payment of the existing EEX Capital Subordinated Note to redeem the MIStS Securities and amend the EEX Capital Subordinated Notes.
Investment of Capital Contributions. Pending use by the Company for Investments, Capital Contributions may be invested in Permitted Temporary Investments.
Investment of Capital Contributions. The General Partner shall establish and maintain in the name of the Partnership an Eligible Investment Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Partners. On each Closing Date, the General Partner shall deposit from the proceeds of the aggregate capital contributions received from the Partners an amount equal to at least 1% of such aggregate capital contributions into the Eligible Investment Account. On the first Closing Date, the amount deposited by the General Partner shall equal $_____. Funds on deposit in the Eligible Investment Account shall be invested by the General Partner; PROVIDED, HOWEVER, it is understood and agreed that the General Partner shall not be liable for any loss arising from such investment in Eligible Investments; PROVIDED FURTHER that none of the funds deposited in the Eligible Investment Account shall be invested in an Eligible Investment or Eligible Investments issued by the General Partner or an Affiliate thereof for a period of five years following the Closing Date. All such Eligible Investments shall be held by the General Partner for the benefit of the Partnership, provided, however, that on the day preceding each Dividend Payment Date all interest and other investment income (net of losses and investment expenses) on funds on deposit in the Eligible Investment Account shall be deposited into the Partnership account maintained by the Partnership for receipt of income on the Subordinated Debentures (the "Partnership Distribution Account") and shall constitute a portion of the Partnership's Net Income eligible for distribution to the Partners. Funds on deposit in the Eligible Investment Account shall be invested in Eligible Investments that will mature prior to the next succeeding Dividend Payment Date.
