Investment of Escrow Fund. (a) The Escrow Fund shall be invested and reinvested by the Escrow Agent in any one or more Permitted Investments (as defined below) from time to time as maturities occur and as directed in writing by Sub.
Appears in 2 contracts
Samples: Escrow Agreement (Grupo Iusacell Sa De Cv), Escrow Agreement (Vodafone Americas Bv)
Investment of Escrow Fund. (a) The Escrow Fund shall be invested and reinvested by the Escrow Agent in any one or more Permitted Investments (as defined below) from time to time as maturities occur and as directed in writing by Sub.the Sellers; provided, however, that in the absence of such written direction of the Sellers, the Escrow Fund shall be invested and reinvested by the Escrow Agent in the Government Money Fund issued by Excelsior Funds, Inc.
Appears in 2 contracts
Samples: Purchase Price Escrow Agreement (Global Power Equipment Group Inc/), Indemnity Escrow Agreement (Global Power Equipment Group Inc/)
Investment of Escrow Fund. (a) The Escrow Fund shall be invested and reinvested by the Escrow Agent in any one or more Permitted Investments (as defined below) from time to time as maturities occur and as directed in writing by SubSeller.
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