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.
Appears in 3 contracts
Samples: Easement Agreement (Bedford Property Investors Inc/Md), Purchase Agreement (Bedford Property Investors Inc/Md), Holdback Escrow Agreement (Bedford Property Investors Inc/Md)
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 . Bedford shall bear all costs incurred in connection with the disposition investment of the Deposit itselfand shall also bear all risks involved in connection with any loss in the principal amount of the Deposit as a result of the investment thereof.
Appears in 1 contract
Samples: Purchase Agreement and Escrow Instructions (Bedford Property Investors Inc/Md)
Investment of the Deposit. Bedford may instruct the Escrow Holder to invest the Deposit in short-term, high-grade securities, an interest bearing bank accounts, bank certificates of deposit, or bank repurchase agreementsaccount. 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.
Appears in 1 contract
Samples: Financial Agreement and Escrow Instructions (Bedford Property Investors Inc/Md)
