Investment of Subscription Proceeds. The Subscription Proceeds shall be deposited in an interest bearing account maintained by the Escrow Agent entitled "Armada Government Fund." Subscription Proceeds may be temporarily invested by the Escrow Agent only in income producing short-term, highly liquid investments secured by the United States government where there is appropriate safety of principal, such as U.S. Treasury Bills. The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of paragraph 4 or 5, as the case may be.
Appears in 9 contracts
Samples: Dealer Manager Agreement (Atlas Energy for Nineties Public No 8 LTD), Escrow Agreement (Atlas Energy for Nineties Public No 8 LTD), Dealer Manager Agreement (Atlas Energy for Nineties Public No 8 LTD)
Investment of Subscription Proceeds. The Subscription Proceeds shall be deposited in an interest bearing account maintained by the Escrow Agent entitled "Armada Government Fund." Subscription Proceeds may be temporarily invested by the Escrow Agent only in income producing short-term, highly liquid investments secured by the United States government where there is appropriate safety of principal, such as U.S. Treasury Bills. The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of paragraph 4 or 55 of this Agreement, as the case may be.
Appears in 3 contracts
Samples: Escrow Agreement (Atlas America Public No 10 LTD), Dealer Manager Agreement (Atlas America Public No 10 LTD), Dealer Manager Agreement (Atlas America Public No 10 LTD)
