Investment of Deposited Funds. The Escrow Agent shall invest all funds received and deposited in the Escrow Account in United States government or government agency securities, or certificates of deposit issued by banks with a net worth of at least $18,000,000. Any investment of deposited funds must be made in recognition that offering proceeds must be able to be transmitted promptly to OTEC or the subscribers if the stated conditions are met. The following securities are not permissible as investments: (1) money market funds; (2) corporate equity or debt securities; (3) repurchase agreements; (4) bankers acceptances; (5) commercial paper; and (6) municipal securities.
Investment of Deposited Funds. The Escrow Agent shall invest all funds received and deposited in the Escrow Account in United States government or government agency securities, or certificates of deposit issued by banks with a net worth of at least $20,000,000. Any investment of deposited funds must be made in recognition that offering proceeds must be able to be transmitted promptly to OTEC or the investors if the stated conditions are met. The following securities are not permissible as investments: (1) money
Investment of Deposited Funds. The Escrow Agent shall invest all funds received and deposited in the Escrow Account in (i) United States government securities; (ii) United States government agency securities; or (iii) certificates of deposit issued by banks or savings institutions whose deposits are insured by the Federal Deposit Insurance Corporation. Any investment of deposited funds must be made in recognition that offering proceeds must be able to be transmitted promptly to Western Plains Energy or the investors if the stated condition are met. The following securities are not permissible as investments: (1) money market funds; (2) corporate equity or debt securities; (3) repurchase agreements; (4) bankers acceptance; (5) commercial paper; and (6) municipal securities.
Investment of Deposited Funds. All funds deposited by Buyer pursuant hereto shall be invested by Escrow Agent in such investments as may be directed from time to time by Seller and Buyer. All earnings on such invested funds shall belong to the party receiving said funds pursuant to the terms hereof (provided that if the sale of the Sale Property is consummated, Buyer shall receive a credit toward the purchase price, and a corresponding credit toward the cash payable by Buyer at Closing, in the amount of the accrued interest) and shall be paid at such time as said party receives said funds.
Investment of Deposited Funds. The Pledgor shall cause the Securities Intermediary to invest the Deposited Funds in such Permitted Investments as the Pledgor may from time to time direct in writing, provided that during the continuance of any Default the Deposited Funds shall be invested in such Permitted Investments as the Agent shall select. Any amounts earned on such Permitted Investments shall be retained in the Collateral Account and disbursed in accordance with this Agreement.
Investment of Deposited Funds. So long as any amounts remain in 2 the Interest Escrow Account, the Collateral Agent will from time to time, at the request of the General Partner, invest funds on deposit in the Interest Escrow Account in Cash Equivalents. All investments made pursuant to this Section 1.03 (and any instruments evidencing same), and all proceeds thereof, shall be held in the Interest Escrow Account as part of the Collateral. All such investments shall be made in the name of the Collateral Agent. All risk of loss in respect of investments made pursuant to this Section 1.03 shall be on the Borrowers.
Investment of Deposited Funds. The Deposited Funds will be held in a segregated non-interest bearing account in cash.
Investment of Deposited Funds. The Escrow funds shall be invested by the Bank in The Pacific Bank Money Market Trust Savings or other investments of The Pacific Bank, NA. Funds deposited into Escrow in the form of cash or its equivalent shall be invested in said account on the day of receipt, if receipt is before 3:00 P.M., otherwise on the next business day. The amount of the check, draft or similar instrument deposited into Escrow shall be invested on the second business day following its receipt by the Bank. Interest earned on the Escrow funds shall be credited against the Escrow fee.
Investment of Deposited Funds. During the term of this escrow and in accordance with written instructions from time to time provided to Escrow Agent by the Company, all Deposited Funds in the Escrow Account shall be, and Escrow Agent is hereby authorized to, deposit, transfer, hold and invest said Deposited Funds and all accrued interest and earnings thereon, in either short-term certificates of deposit issued by a bank, short-term securities issued and guaranteed by the United States Government, or money market funds including without limitation the Xxxxx Fargo Fund, a money market fund available through the Escrow Agent; provided, that any such investments must accrue interest on a daily basis and allow the immediate withdrawal of funds without premium or penalty. Funds shall not be invested in corporate equity or debt securities, repurchase agreements, bankers' acceptances, commercial papers, or municipal securities.
Investment of Deposited Funds. Escrow Agent is hereby authorized and instructed to deposit the Xxxxxxx Money into a federally insured money market or similar account, subject to immediate withdrawal, at a bank or other similar institution located in Los Angeles County, California. All earnings on such invested funds shall belong to the party receiving said funds pursuant to the terms hereof (provided that if the sale of the Property is consummated, Buyer shall receive a credit toward the cash payable by Buyer at Closing, in the amount of the accrued interest) and shall be paid at such time as said party receives said funds.
