Common use of Investment of Escrow Deposit Clause in Contracts

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 NAI-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 QWS-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 BLS-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 FRD-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 CTR-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus Trust Series BLC-1 WCM-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.

Investment of Escrow Deposit. Following the delivery of the Escrow Deposit to Escrow Agent, Escrow Agent shall cause any cash in the Escrow Deposit to be deposited in an interest bearing account, designated as the "PreferredPlus PPLUS Trust Series BLC-1 LTD-1 Warrant Escrow Account," and shall advise the Trust by telephone by 5:00 p.m., New York City time, on the date hereof of the amount so deposited in its account. The Escrow Agent will promptly confirm such telephone advice in writing to the Trust. The Escrow Agent is hereby directed to invest any cash in the Escrow Deposit in (i) U.S. Treasury Securities or (ii) money market accounts in banks having combined capital, surplus and undivided profits of $50,000,000 or more. All investments shall [have a maturity of ________ days or less during the _______ days immediately after deposit of the Escrow Deposit, and thereafter shall] be available on demand without penalty unless Escrow Agent is otherwise directed in writing by both the Holder and the Trust.