Common use of Investment of Subscription Proceeds Clause in Contracts

Investment of Subscription Proceeds. Subject to Section 6, the Escrow Agent shall deposit all Subscription Proceeds in interest-bearing savings or bank money market accounts (other than mutual funds). The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of Section 4 or 5, as the case may be.

Appears in 8 contracts

Samples: Dealer Manager Agreement (LEAF Equipment Finance Fund 4, L.P.), Escrow Agreement (LEAF Equipment Finance Fund 4, L.P.), Dealer Manager Agreement (LEAF Equipment Leasing Income Fund III, L.P.)

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