Investment of Holdback Amount. The Escrow Agent shall invest the Holdback Amount in direct, short-term obligations of the United States Government or its instrumentalities. All accumulated income shall be held for the benefit of Seller and shall be paid to Seller on the Termination Date and at the time of the final distribution of the Holdback Amount hereunder.
Appears in 4 contracts
Samples: Agreement of Purchase and Sale (Columbia Equity Trust, Inc.), Agreement of Purchase and Sale (Columbia Equity Trust, Inc.), Agreement of Purchase and Sale (Columbia Equity Trust, Inc.)