Investment of Escrow Account. The Escrow Agent shall deposit funds received from purchasers in the Escrow Account, which shall be a non-interest-bearing bank account at SunTrust Bank.
Investment of Escrow Account. As soon as possible after its receipt of the Escrow Account, the Escrow Agent shall invest any cash deposited in the Escrow Account (the "Cash Investment") as set forth on Exhibit "A" attached hereto, or as otherwise directed in writing from time to time by the Seller. All income earned on the Cash Investment will be owned by the Seller and shall be distributed at least once every 365 days. The Escrow Agent will not be liable or responsible for any loss resulting from any investment or reinvestment made as provided in this Agreement at the written direction of the Seller.
Investment of Escrow Account. (a) The Parties recognize and agree that the Escrow Agent will not provide supervision, recommendations or advice relating to either the investment of moneys or any other assets held in the Escrow Account or the purchase, sale, retention or other disposition of any investment described herein. The Escrow Agent shall not liquidate, sell, invest or reinvest any portion of the Escrow Account except as provided herein and shall hold the Escrow Shares and any cash or other assets received in respect thereof in the form initially received, except as provided herein. The Escrow Agent shall not have any liability for any loss sustained as a result of any investment or the failure to make an investment made pursuant to the terms of this Escrow Agreement.
(b) During the term of this Escrow Agreement, any cash in the Escrow Account shall be invested in a money market deposit account or a successor or similar investment offered by the Escrow Agent and approved by the Stockholders’ Agent and Parent, unless otherwise instructed in writing by the Parties and as shall be reasonably acceptable to the Escrow Agent. The Escrow Agent will provide compensation on balances in the Escrow Account at the then-applicable rate for such account or investment from time to time. Written investment instructions, if any, shall specify the type and identity of the investments to be purchased and/or sold. The Escrow Agent is hereby authorized to execute purchases and sales of investments through the facilities of its own trading or capital markets operations or those of any affiliated entity. The Escrow Agent or any of its affiliates may receive reasonable compensation with respect to any investment directed hereunder including without limitation charging a reasonable agency fee in connection with each transaction. The Parties recognize and agree that the Escrow Agent will not provide supervision, recommendations or advice relating to either the investment of moneys held in the Escrow Account or the purchase, sale, retention or other disposition of any investment described herein. The Escrow Agent shall not have any liability for any loss sustained as a result of any investment in an investment made pursuant to the terms of this Escrow Agreement or as a result of any liquidation of any investment prior to its maturity or for the failure of the Parties to give the Escrow Agent instructions to invest or reinvest the Escrow Account.
Investment of Escrow Account. The Escrow Funds shall be credited by the Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit, transfer, hold and invest all funds received under this Agreement, including principal and interest, in those investments directed, in writing by MinnErgy. The Escrow Agent is hereby authorized to invest Escrow Funds in the Federated Treasury Cash Series (CUSIP 147551-402) for temporary investment without written direction. Any interest received by the Escrow Agent with respect to the Escrow Funds shall be paid to MinnErgy, or the investors, as indicated elsewhere in this Agreement.
Investment of Escrow Account. The Escrow Funds shall be credited by the Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit, transfer, hold and invest all funds received under this Agreement, including principal and interest, in those investments directed, in writing by Highwater Ethanol. The Escrow Agent is hereby authorized to invest Escrow Funds in the Federated Treasury Obligations Money Market Mutual Fund for temporary investment without written direction. Any interest received by the Escrow Agent with respect to the Escrow Funds shall be paid to Highwater Ethanol, or the investors, as indicated elsewhere in this Agreement.
Investment of Escrow Account. The Escrow Funds shall be credited by the Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit, transfer, hold and invest all funds received under this Agreement, including principal and interest, in those investments directed, in writing by E Energy Axxxx. The Escrow Agent is hereby authorized to invest Escrow Funds in the Federated Treasury Obligations Money Market Mutual Fund for temporary investment without written direction. Any interest received by the Escrow Agent with respect to the Escrow Funds shall be paid to E Energy Axxxx, or the investors, as indicated elsewhere in this Agreement .
Investment of Escrow Account. The Deposited Funds shall be credited by Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit transfer, hold and invest all funds received under this Agreement, including principal and interest, in the Prime Obligations Fund Class A Shares (CUSIP # 00000X000) (the "Fund") at Escrow Agent to yield rates of return as set forth in the Fund's prospectus. Any interest income received by Escrow Agent from the fund shall be reinvested and shall become part of the Deposited Funds. Escrow Agent shall pay interest on termination of this Agreement as provided in paragraph 7 hereof.
Investment of Escrow Account. The Escrow Agent shall deposit all subscription funds it receives in the Escrow Account, which shall be a non-interest-bearing bank account at SunTrust Bank. The Escrow Funds in the Escrow Account shall not be invested. The Underwriter and CBHI each warrant to and agree with the Escrow Agent that, unless otherwise expressly set forth in this Agreement, there is no security interest in the Escrow Account; no financing statement under the Uniform Commercial Code of any jurisdiction is on file in any jurisdiction claiming a security interest in or describing, whether specifically or generally, the Escrow Account; and the Escrow Agent shall have no responsibility at any time to ascertain whether or not any security interest exists in the Escrow Account or to file any financing statement under the Uniform Commercial Code of any jurisdiction with respect to the Escrow Account.
Investment of Escrow Account. The Escrow Funds shall be credited by Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit transfer, hold and invest all funds received under this Agreement, including principal and interest, in a Repurchase Agreement at Garnett State Savings Bank, to yield a variable interest rate equal to the Federal Reserve Discount rate for the Kansas City Region minus 1/4%, variable daily as the Federal Reserve Discount rate changes. Escrow Agent shall pledge bank investments guaranteed by the U.S. Government or its agencies to secure the Repurchase Agreement. Any interest received by Escrow Agent with respect to the Escrow Funds shall be paid to EKAE on the termination of the escrow.
Investment of Escrow Account. The Escrow Funds shall be credited by Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit, transfer, hold and invest all funds received under this Agreement, including principal and interest, in an institutional money market account. Any interest received by Escrow Agent with respect to the Escrow Funds shall be paid to GFCEP on the termination of the escrow only in accordance with Section 7D below.
