Investment of Escrow Funds. Escrow Agent shall deposit the Escrow Funds into a segregated escrow account which shall be used solely in connection with this transaction (the “Escrow Account”). If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent shall maintain the Escrow Funds, or such portion thereof, as to which no Joint Written Direction has been received, in the Escrow Account.
Appears in 7 contracts
Samples: Securities Purchase Agreement (MobiVentures Inc.), Escrow Agreement (Buckeye Ventures, Inc.), Escrow Agreement (National Automation Services Inc)
Investment of Escrow Funds. Escrow Agent shall deposit the Escrow Funds into a segregated escrow account account(s) which shall be used solely in connection with this transaction (the “Escrow Account”). If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent shall maintain the Escrow Funds, or such portion thereof, as to which no Joint Written Direction has been received, in the Escrow AccountAccounts.
Appears in 2 contracts
Samples: Escrow Agreement (Decor Products International, Inc.), Escrow Agreement (Decor Products International, Inc.)
