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.
Appears in 3 contracts
Samples: Escrow Agreement (Princeton Private Investment Fund), Escrow Agreement (Princeton Private Equity Access Fund), Escrow Agreement (Princeton Private Equity Fund)
Investment of the Escrow Property. (a) As soon as practicable after the receipt thereof, Escrow Agent will shall cause the Escrow Property to be invested in such Permitted Investments as defined below as Advisor or Fund Purchaser and Seller may specify in writing from time to time, as evidenced by the signatures of the person or persons signing this Agreement or one of their Authorized Representatives. During the term of this Agreement, Advisor Purchaser and Fund will Seller shall together bear and retain the sole responsibility for the selection of the investments of the Escrow Property and all risks from any such investments.
Appears in 1 contract
Samples: Stock Purchase Agreement (Usec Inc)
