Investment of the Deposit. Bedford may instruct the Escrow Holder to invest the Deposit in short-term, high-grade securities, interest bearing bank accounts, bank certificates of deposit, or bank repurchase agreements. All interest or other income thereon shall belong to Bedford and shall be remitted to Bedford as and when received by Escrow Holder, irrespective of the disposition of the Deposit itself.
Investment of the Deposit. The parties hereby authorise the Vendor’s Solicitors to:
Investment of the Deposit. Escrow Agent shall invest and reinvest the Deposit in the Vista Treasury Plus Money Market Fund, unless otherwise instructed in writing by the Other Parties. Such written instructions, if any, referred to in the foregoing sentence shall specify the type and identity of the investments to be purchased and/or sold and shall also include the name of the broker-dealer, if any, which the Other Parties direct the Escrow Agent to use in respect of such investment, any particular settlement procedures required, if any (which settlement procedures shall be consistent with industry standards and practices), and such other information as Escrow Agent may require. Escrow Agent shall not be liable for failure to invest or reinvest funds absent sufficient written direction. Unless Escrow Agent is otherwise directed in such written instructions, Escrow Agent may use a broker-dealer of its own selection, including a broker-dealer owned by or affiliated with Escrow Agent or any of its affiliates. It is expressly agreed and understood by the parties hereto that Escrow Agent shall not in any way whatsoever be liable for losses on any investments, including, but not limited to, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to this Escrow Agreement.
Investment of the Deposit. Assets maintained in the Escrow Account and investments and reinvestments thereof shall consist only of NAIC 1 or 2 rated securities, provided that such investments are issued by an institution that is not the parent, subsidiary or affiliate of either Seller or Buyer (“Authorized Investments”). If the rating on any securities so invested is downgraded below NAIC 2, then such securities shall be promptly replaced with other NAIC 1 or 2 rated securities having the same face amount as the securities so replaced. The responsibility for directing the Escrow Agent to invest and reinvest the assets in the Escrow Account shall be that of Seller or its affiliates, and the Escrow Agent shall invest and reinvest the assets in the Escrow Account, or any part thereof, in such Authorized Investments as Seller or its affiliates shall direct in writing. Any investment direction by Seller or its affiliates shall constitute certification by Seller to the Escrow Agent that the assets so deposited or to be purchased pursuant to such investment direction or so substituted are Authorized Investments. The Escrow Agent shall not be responsible for determining whether any assets in the Escrow Account are or continue to be Authorized Investments.
Investment of the Deposit. Escrow Agent shall invest and reinvest the Deposit in the Fidelity Domestic Money Market Fund #690-Prime Cash Shares, unless otherwise instructed in writing by the Company. Such written instructions, if any, referred to in the foregoing sentence shall specify the type and identity of the investments to be purchased and/or sold and shall also include the name of the broker-dealer, if any, which the Company directs the Escrow Agent to use in respect of such investment, any particular settlement procedures required, if any (which settlement procedures shall be consistent with industry standards and practices), and such other information as Escrow Agent may require. Escrow Agent shall not be liable for failure to invest or reinvest funds absent sufficient written direction. Unless Escrow Agent is otherwise directed in such written instructions, Escrow Agent may use a broker-dealer of its own selection, including a broker-dealer owned by or affiliated with Escrow Agent or any of its affiliates. The Escrow Agent or any of its affiliates may receive compensation with respect to any investment directed hereunder. It is expressly agreed and understood by the parties hereto that Escrow Agent shall not in any way whatsoever be liable for losses on any investments, including, but not limited to, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to this Escrow Agreement.
Investment of the Deposit. Escrow Agent shall invest and reinvest the Deposit in the VISTA Treasury Plus Money Market Fund, U.S. Government obligations, bank certificates of deposit (up to a maximum insured amount of any such deposit) or repurchase agreements secured by U.S. Government obligations, (individually, an "Investment" and collectively, the "Investments"), as directed in writing by the Other Parties. Absent written instructions from the Other Parties, the Escrow Agent shall invest and reinvest the Deposit in the VISTA Treasury Plus Money Market Fund. Such written instructions, if any, referred to in the foregoing sentence shall specify the type and identity of the investments to be purchased and/or sold and shall also include the name of the broker-dealer, if any, which the Other Parties direct the Escrow Agent to use in respect of such investment, any particular settlement procedures required, if any (which settlement procedures shall be consistent with industry standards and practices), and such other information as Escrow Agent may require. Escrow Agent shall not be liable for failure to invest or reinvest funds absent sufficient written direction. Unless Escrow Agent is otherwise directed in such written instructions, Escrow Agent may use a broker-dealer of its own selection, including a broker-dealer owned by or affiliated with Escrow Agent or any of its affiliates. It is expressly agreed and understood by the parties hereto that Escrow Agent shall not in any way whatsoever be liable for losses on any investments, including, but not limited to, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to this Escrow Agreement. Unless otherwise directed in writing by Seller and Buyer, the Escrow Agent shall not invest all or any portion of the Deposit in any Investment if the maturity date of such Investment is later than March 2, 1999, or in the event this Agreement remains in effect on and after such date, no later than 90 days from the date each such Investment is made.
Investment of the Deposit. 17.1 If the Deposit is provided by cheque or in clear funds and the parties so require in writing, pending Settlement the Deposit Holder must invest the Deposit in the joint names of the parties with an ADI at 14-day call at a current rate of interest.
Investment of the Deposit. Escrow Holder shall cause the Deposit to be held, or invested and reinvested after receipt of same in short-term interest bearing investments, such as bank certificates of deposit, money market funds, overnight repurchase accounts and treasury bills. Receipt or investment of the Deposit shall be confirmed by Escrow Holder as soon as practicable by account statement unless otherwise indicated; and any discrepancies therewith shall be noted by Party A to Escrow Holder within a reasonable time prior to the next account statement. Unless otherwise directed, Escrow Holder may use a broker-dealer of its own selection, including a broker-dealer owned by or affiliated with Escrow Holder or any of its affiliates. Party A shall be liable for all brokerage costs and related expenses incurred hereunder. Escrow Holder shall not be liable for and shall be indemnified by Party A from all liability for losses on any investments, market risk due to premature liquidation, or other actions taken in compliance with this Agreement. Notwithstanding the foregoing, Escrow Holder may, in its sole and absolute discretion, accept written directions or instructions from Party A, which Escrow Holder believes to be genuine, but Escrow Holder shall not be liable for executing, failing to execute or for any mistake in the execution of such orders except in case of willful misconduct.
Investment of the Deposit. (a) Escrow Agent shall invest (and reinvest, as appropriate) the Deposit in the Expedition Tax-Free Money Market Fund, unless otherwise instructed in writing by Team and Shareholder Representative. Such written instructions, if any, referred to in the foregoing sentence shall specify (i) the type and identity of the investments to be purchased and/or sold; and (ii) such other information as Escrow Agent may require. Escrow Agent shall not be liable for failure to invest or reinvest funds absent sufficient written direction. The Escrowed Shares shall be held in physical form and shall not be invested or reinvested regardless of market activity. Subject to Section 4 of this Agreement, all earnings on, and proceeds of investment of, the Deposit pending distribution or disbursement thereof in accordance with the provisions of this Agreement will be received and held by Escrow Agent. Escrow Agent is authorized to liquidate in accordance with its customary procedures any portion of the Escrowed Property consisting of investments to provide for payments required to be made under this Agreement.
Investment of the Deposit. The Escrow Agent shall invest the Deposit in an income-producing account utilizing investments mutually acceptable to Acquisition Company and Foundation. The Escrow Agent shall cause all interest and other income earned on or with respect to the Deposit to be added to the Deposit. Such deposited interest and other income shall, together with the Deposit, constitute the "Escrow Fund" to be distributed as provided in Section 5 hereof.
