Investment of the Escrow Property. (a) As soon as practicable after the receipt thereof, Escrow Agent will cause the Escrow Property to be invested in such Permitted Investments as defined below as Advisor or Fund may specify in writing from time to time. During the term of this Agreement, Advisor and Fund will bear and retain the sole responsibility for the selection of the investments of the Escrow Property and all risks from any such investments. (b) “Permitted Investments” will be one or more of the following: i. Uninvested cash; or; ii. an interest bearing deposit account of Escrow Agent. (c) Any interest or other income received on such investment and reinvestment of the Escrow Property will become part of the Escrow Property and losses incurred on such investment and reinvestment of the Escrow Property will be reflected in the value of the Escrow Property from time to time. In no event will Escrow Agent be deemed an investment manager or adviser in respect of any selection of investments hereunder.
Appears in 3 contracts
Samples: Escrow Agreement (Princeton Private Investment Fund), Escrow Agreement (Princeton Private Equity Access Fund), Escrow Agreement (Princeton Private Equity Fund)
