Common use of Investment of Escrow Amount Clause in Contracts

Investment of Escrow Amount. The Trustee may, at its discretion, invest any or all of the Escrow Account balance as permitted under SEC Rule 15c2-4. This generally means short-term investments in: (1) Bank Accounts, (2) Bank Money Market Accounts, (3) Short Term Certificates of Deposit issued by a Bank, and/or (4) Short-term Securities issued or guaranteed by the U.S. Government. Interest accumulated on the balances is the property of the Trustee as part of its Escrow Administration Fee.

Investment of Escrow Amount. The Trustee may, at its discretion, invest any or all of the Escrow Account account balance as permitted under SEC Rule 15c2-4. This generally means short-short term investments in: (1) Bank Accountsbank accounts, (2) Bank Money Market Accountsbank money-market accounts, (3) Short Term Certificates short term certificates of Deposit deposit issued by a Bankbank, and/or (4) Shortshort-term Securities securities issued or guaranteed by the U.S. U S Government. Interest accumulated on the balances is the property of the Trustee as part of its Escrow Administration Fee.

Investment of Escrow Amount. The Trustee may, at its its' discretion, invest any or all of the Escrow Account escrow account balance as permitted under SEC Rule 15c2-4. This generally means short-term investments in: in (1) Bank Accountsbank accounts, (2) Bank Money Market Accountsbank money-market accounts, (3) Short Term Certificates short time certificates of Deposit deposit issued by a Bankbank, and/or (4) Shortshort-term Securities securities issued or guaranteed by the U.S. U S Government. Interest accumulated on the balances is the property of the Trustee Escrow Agent as part of its Escrow Administration Fee.