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 (Spherix Inc), Escrow Agreement (Enclaves Group 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 121 contracts
Samples: Investment Agreement (Torrent Energy Corp), Escrow Agreement (Cmark International Inc), Escrow Agreement (Wentworth Energy, 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 (Health Express Usa 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 (Cyco Net Inc), Escrow Agreement (Cyco Net Inc), Escrow Agreement (Limelight Media Group 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 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)
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.
Appears in 1 contract
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
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. a. The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. .
b. 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 (Cirtran 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 (Donobi Inc)
