Common use of Investment of Moneys Held by Trustee Clause in Contracts

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 5 contracts

Samples: Exchange Trust Agreement, Exchange Trust Agreement (Accenture LTD), Voting and Exchange Trust Agreement (Dialog Group Inc)

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Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Acquiror, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 4 contracts

Samples: Voting and Exchange Trust Agreement (Magnum Hunter Resources Corp), Arrangement Agreement (Magnum Hunter Resources Corp), Arrangement Agreement (Gran Tierra Energy, Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for AcquisitionCo, in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationAcquisitionCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada (including an affiliate of the Trustee) or, with the consent of the CorporationAcquisitionCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits, and the Trustee shall be entitled to receive a fee from such bank, loan or trust company for so depositing such moneys.

Appears in 4 contracts

Samples: Voting and Exchange Trust Agreement (SimplePons, Inc.), Voting and Exchange Trust Agreement (SimplePons, Inc.), Voting and Exchange Trust Agreement (Quinko-Tek International, Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and or reinvested in the name or under the control of the Trustee in securities in which, under the laws Laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, Trustee and the Trustee shall so invest such moneys money on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys money as hereinbefore provided, herein provided such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws Laws of Canada or any province thereof at the rate of interest then current on similar deposits. All interest on monies held by or on behalf of the Trustee shall be for the account of Exchangeco and held by Trustee in trust for the benefit of Exchangeco.

Appears in 4 contracts

Samples: Voting and Exchange Trust Agreement (U S Gold Corp), Voting and Exchange Trust Agreement (U S Gold Corp), Arrangement Agreement (Minera Andes Inc /Wa)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Exchangeco, in securities in which, under the laws of the Province of OntarioBritish Columbia, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits. Any income earned in respect of the Trust Estate which is not used by the Trustee as provided in this Agreement shall be accumulated by the Trustee and added to the capital of the Trust Estate.

Appears in 3 contracts

Samples: Exchange Trust Agreement (Lululemon Athletica Inc.), Exchange Trust Agreement (Lululemon Corp.), Exchange Trust Agreement (Lululemon Athletica Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationRVI Sub. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationRVI Sub, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 3 contracts

Samples: Voting and Exchange Trust Agreement (Rubincon Ventures Inc), Voting and Exchange Trust Agreement (API Nanotronics Corp.), Voting and Exchange Trust Agreement (Rubincon Ventures Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationPTI Holdco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationPTI Holdco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 3 contracts

Samples: Trust Agreement (Oil States International Inc), Voting and Exchange Trust Agreement (Oil States International Inc), Combination Agreement (Oil States International Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationParent. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationParent, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Exchange and Voting Trust Agreement (Worldpages Com Inc), Exchange and Voting Trust Agreement (Worldpages Com Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for LoJack Exchangeco, in securities in which, under the laws of the Province of OntarioQuebec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationLoJack Exchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationLoJack Exchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Combination Agreement (Lojack Corp), Voting and Exchange Trust Agreement (Lojack Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Form of Voting and Exchange Trust Agreement (Counterpath Solutions, Inc.), Arrangement Agreement (Counterpath Solutions, Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioQuebec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Combination Agreement (Coors Adolph Co), Combination Agreement (Coors Adolph Co)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Newco Canada Exchangeco, in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationNewco Canada Exchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationNewco Canada Exchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Transaction Agreement (Domtar CORP), Transaction Agreement (Weyerhaeuser Co)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the [Province of OntarioQuebec], trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCN. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCN, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Combination Agreement (Burlington Northern Santa Fe Corp), Rights Agreement (Burlington Northern Santa Fe Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Canco, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCanco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCanco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Voting and Exchange Trust Agreement (Canwest Petroleum Corp), Acquisition Agreement (Nabors Industries Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for the Corporation, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Voting and Exchange Trust Agreement (Surge Global Energy, Inc.), Stock Purchase Agreement (Surge Global Energy, Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for AcquisitionCo, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years one year after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationAcquisitionCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada (including an affiliate of the Trustee) or, with the consent of the CorporationAcquisitionCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits, and the Trustee shall be entitled to receive a fee from such bank, loan or trust company for so depositing such moneys.

Appears in 2 contracts

Samples: Voting and Exchange Trust Agreement (Marathon Oil Corp), Voting and Exchange Trust Agreement (Marathon Oil Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 2 contracts

Samples: Voting and Exchange Trust Agreement (Learning Co Inc), Voting and Exchange Trust Agreement (Silicon Graphics Inc /Ca/)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCompany. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCompany, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.. 7.12

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Pri Automation Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee, as Trustee for Jaws Canada, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationJaws Canada. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationJaws Canada, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Jaws Technologies Inc /Ny)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioOntario and the Province of Québec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationBowater Canada. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationBowater Canada, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Memorandum of Agreement (Bowater Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationServices. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationServices, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Combination Agreement (Weatherford International Inc /New/)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Exchangeco, in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Combination Agreement (Duke Energy Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for AOG, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationAOG. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada (including an Affiliate of the Trustee) or, with the consent of the CorporationAOG, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits, and the Trustee shall be entitled to receive a fee from such bank, loan or trust company for so depositing such moneys.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Advantage Energy Income Fund)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Acquiror, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Magnum Hunter Resources Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for the applicable party or parties, in securities in which, under the laws of the Province of OntarioCanada, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationFCE. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationFCE, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province state thereof at the rate of interest then current on similar deposits. Any interest earned or received from moneys held by the trust shall be the property of and distributed to the applicable party or parties upon demand therefore.

Appears in 1 contract

Samples: Combination Agreement (Fuelcell Energy Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for NPS - Allelix Inc., in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. NPS - Allelix Inc.. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationNPS -Allelix Inc., in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Arrangement Agreement (NPS Pharmaceuticals Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCompany. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCompany, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Pri Automation Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and or reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, Trustee and the Trustee shall so invest such moneys money on the timely written direction of the CorporationAcquisitionco. Pending the investment of any moneys money as hereinbefore provided, herein provided such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationAcquisitionco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Trust Agreement (Coeur D Alene Mines Holdings Co)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Matsub, in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationMatsub. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationMatsub, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement Memorandum of Agreement (Merge Technologies Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationWeysub. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationWeysub, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Weyerhaeuser Co)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and or reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, Trustee and the Trustee shall so invest such moneys money on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys money as hereinbefore herein provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other specified loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits. The Trustee shall not be held liable for any losses incurred in the investment of any funds as herein provided and all interest on monies held by or on behalf of the Trustee shall be for the account of Exchangeco and held by the Trustee for the benefit of Exchangeco.

Appears in 1 contract

Samples: Arrangement Agreement (Molycorp, Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for AmalgamationCo, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationAmalgamationCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada (including an affiliate of the Trustee) or, with the consent of the CorporationAmalgamationCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits, and the Trustee shall be entitled to receive a fee from such bank, loan or trust company for so depositing such moneys.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Canetic Resources Trust)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationITI. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationITI, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Combination Agreement (Edutrek Int Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Jag Media Holdings Inc)

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Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioQuebec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationTHC. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationTHC, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Hockey Co)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioOntario or the Province of Quebec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any at a chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company the Corporation authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.. 8.12

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement Agreement (Autodesk Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioOntario or the Province of Quebec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any at a chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company the Corporation authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Discreet Logic Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeco, in the deposit department of the Trustee or any other specified loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Solectron Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationInfospace Canada. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationInfospace Canada, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Infospace Com Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any all moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting Trust and Exchange Rights Agreement (Pasw Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCompany. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCompany, in the deposit department of the Trustee or any other specified loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Divine Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCableshare. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in of Canada or, with the consent of the CorporationCableshare, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province provide thereof at the rate of interest then current on similar deposits.. 7.12

Appears in 1 contract

Samples: Trust Agreement (Source Media Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years ninety (90) days after their purchase by the Trustee, and the Trustee shall so invest such moneys only on the timely written direction of the CorporationCompany. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any at a chartered bank in Canada or, with the consent of the CorporationCompany, in the deposit department of the Trustee or any other loan or trust company corporation authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Photon Dynamics Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for Harvest, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationHarvest. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada (including an affiliate of the Trustee) or, with the consent of the CorporationHarvest, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits, and the Trustee shall be entitled to receive a fee from such bank, loan or trust company for so depositing such moneys.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Harvest Energy Trust)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and or reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, Trustee and the Trustee shall so invest such moneys money on the timely written direction of the Corporation. Canadian Exchange Co. Pending the investment of any moneys money as hereinbefore provided, herein provided such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCanadian Exchange Co., in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (U S Gold Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCCo Sub. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCCo Sub, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Combination Agreement (Calpine Corp)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationLocus Holdings. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Infospace Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for the Beneficiaries, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationPurchaser. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationPurchaser, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting Agreement (Ad.Venture Partners, Inc.)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationHolders. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, or in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Exchange Trust Agreement (Daleen Technologies Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationDreco. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationDreco, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Combination Agreement (National Oilwell Inc)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioQuebec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Merger Agreement (Shire Pharmaceuticals Group PLC)

Investment of Moneys Held by Trustee. Unless otherwise provided in this trust agreement, any moneys held by or on behalf of the Trustee which under the terms of this trust agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of OntarioQuébec, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationExchangeCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationExchangeCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Shire PLC)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the Corporation. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the Corporation, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (PureRay CORP)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee Trustee, in trust for AcquisitionCo, in securities in which, under the laws of the Province of OntarioAlberta, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationAcquisitionCo. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada (including an affiliate of the Trustee) or, with the consent of the CorporationAcquisitionCo, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits, and the Trustee shall be entitled to receive a fee from such bank, bank or trust company for so depositing such moneys.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Enterra Energy Trust)

Investment of Moneys Held by Trustee. Unless otherwise provided in this agreementAgreement, any moneys held by or on behalf of the Trustee which under the terms of this agreement Agreement may or ought to be invested or which may be on deposit with the Trustee or which may be in the hands of the Trustee, Trustee may be invested and reinvested in the name or under the control of the Trustee in securities in which, under the laws of the Province of Ontario, trustees are authorized to invest trust moneys; , provided that such securities are stated to mature within two years after their purchase by the Trustee, and the Trustee shall so invest such moneys on the timely written direction of the CorporationCompany. Pending the investment of any moneys as hereinbefore provided, such moneys may be deposited in the name of the Trustee in any chartered bank in Canada or, with the consent of the CorporationCompany, in the deposit department of the Trustee or any other loan or trust company authorized to accept deposits under the laws of Canada or any province thereof at the rate of interest then current on similar deposits.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Amdocs LTD)

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