Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold all funds received from subscribers in the designated Escrow Account, which shall earn interest at the stated rate on such time deposits.
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Samples: Escrow Agreement (Lasik America Inc), Escrow Agreement (Lasik America Inc)
Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers Investors in bank accounts, including interest-bearing savings accounts and bank money market accounts, in short-term certificates of deposit issued by a bank, or in short-term securities directly or indirectly issued or guaranteed by the designated Escrow Account, which shall earn interest at the stated rate on such time depositsUnited States government.
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Samples: Escrow Agreement (Desert Capital Reit Inc), Escrow Agreement (Desert Capital Reit Inc)
Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers the Issuer in the designated Escrow Account, which shall earn an interest at the stated rate on such time depositsbearing account.
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Samples: Stock Purchase Agreement (Telident Inc /Mn/), Stock Purchase Agreement (Famco Ii Liability Co & Family Financial Strategies Inc)
Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers Investors in the designated Escrow AccountFidelity Prime Obligation Fund, which shall earn interest at the stated rate on such time depositsa money market fund.
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Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers as directed in writing by the designated Escrow Account, which shall earn interest at Company in accordance with Rule 15c2-4 promulgated under the stated rate on such time depositsSecurities Exchange Act of 1934."
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Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Escrow Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold keep all funds received from subscribers in cash or, alternatively, invest such funds only in investments permissible under SEC Rule 15c2-4 as directed in writing by Agent of the designated Issuer. However, under any and all circumstances, the Escrow Account, which Account shall earn bear no interest at to subscribers or the stated rate on such time depositsCompany.
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Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers Investors in the designated Escrow Account[NAME OF FUND], which shall earn interest at the stated rate on such time depositsa money market fund.
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Samples: Escrow Agreement (Bull Street Real Estate Investment Trust Inc)
Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers in the designated Escrow Account, which shall earn interest at the stated rate on such time depositsDreyfus Prime Treasury Money Market Fund and/or Firstar Funds.
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Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers investors in an interest bearing account, with all such interest being payable to the designated Escrow Accountinvestors who have tendered subscriptions for Notes, which payment shall earn interest at be made simultaneously with any disbursement of the stated rate on such time depositsescrowed funds referenced in Section 3 above.
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Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Escrow Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold keep all funds received from subscribers in cash or, alternatively, invest such funds only in investments permissible under SEC Rule 15c2-4 as directed in writing by Placement Agent. However, under any and all circumstances, the designated Escrow Account, which Account shall earn bear no interest at to subscribers or the stated rate on such time depositsCompany.
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Investment of Proceeds. All funds held by the Escrow Agent ----------------------- pursuant to this Agreement shall constitute trust property for the purposes for which they are held. The Escrow Agent shall hold invest all funds received from subscribers in the designated Escrow Account, which shall earn interest at the stated rate on such time depositsThe Bank of New York Cash Reserve Fund.
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