Investment of Escrow Amount. The Escrow Agent may invest the Escrow Amount only in such accounts or investments as the Company may specify by written notice. The Company may only specify investment in money market instruments.
Appears in 4 contracts
Samples: Agreement (Euroweb International Corp), Escrow Agreement (Bioshield Technologies Inc), Escrow Agreement (2 Infinity Inc)
Investment of Escrow Amount. The Escrow Agent may invest the Escrow Amount only in such accounts or investments as the Company Placement Agent may specify by written notice. The Company Placement Agent may only specify investment in money (1) money-market instrumentsaccounts, (2) short-term certificates of deposit issued by a bank, or (3) short-term securities issued or guaranteed by the U.S. Government.
Appears in 1 contract
Samples: Form of Escrow Agreement (First Star Capital Trust)
