Common use of Investment of Deposited Funds Clause in Contracts

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 $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 $18,000,00010,000,000. Any investment of deposited funds must be made in recognition that offering proceeds must be able to be transmitted promptly to OTEC Great Plains Ethanol or the subscribers investors 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.