Common use of Investment of Escrow Funds Clause in Contracts

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 123 contracts

Samples: Escrow Agreement (Pop N Go Inc), Escrow Agreement (Eyi Industries Inc), Escrow Agreement (Neogenomics Inc)

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Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 120 contracts

Samples: Investment Agreement (Torrent Energy Corp), Escrow Agreement (Cmark International Inc), Escrow Agreement (IQ Micro Inc.)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 5 contracts

Samples: Escrow Agreement (Celerity Systems Inc), Escrow Agreement (Elite Flight Solutions Inc), Escrow Agreement (Trey Industries Inc)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 4 contracts

Samples: Escrow Agreement (Limelight Media Group Inc), Escrow Agreement (Nexicon), Escrow Agreement (Cyco Net Inc)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow ---------------------------- Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Charys Holding Co Inc), Escrow Agreement (Ns8 Corp), Escrow Agreement (Ns8 Corp)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Escrow Agreement (Networth Technologies, Inc.)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow ---------------------------- Funds in a non-interest bearing money market sub-account within the Escrow Agent's attorney trust account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market sub-account within the Escrow Agent's attorney trust account.

Appears in 1 contract

Samples: Escrow Agreement (Ns8 Corp)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds ----------------------------- in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Exhibit 99 (Donobi Inc)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow -------------------------- Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Escrow Agreement (Roanoke Technology Corp)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision a disbursement must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Escrow Agreement (Viper Powersports Inc)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow ----------------------------- Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Exhibit 99 (Donobi Inc)

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Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow -------------------------- Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Escrow Agreement (Roanoke Technology Corp)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall invest the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.investments described above. The foregoing investments shall be

Appears in 1 contract

Samples: Escrow Agreement (Nexland Inc)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market sub-account within the Escrow Agent's attorney trust account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market sub-account within the Escrow Agent's attorney trust account.

Appears in 1 contract

Samples: Escrow Agreement (Tix CORP)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

Appears in 1 contract

Samples: Escrow Agreement (Etotalsource Inc)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain shall maintain the Escrow FundFunds, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account. 9.

Appears in 1 contract

Samples: Escrow Agreement (Xinhua China LTD)

Investment of Escrow Funds. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-non- interest bearing money market account.

Appears in 1 contract

Samples: Escrow Agreement (Gavella Corp)

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