Common use of INVESTMENT OF THE FUNDS IN THE ESCROW ACCOUNT Clause in Contracts

INVESTMENT OF THE FUNDS IN THE ESCROW ACCOUNT. Escrow Agent shall hold funds delivered to it under the terms of this Escrow Agreement and shall from time to time invest and reinvest the funds held in the Escrow Account, as and when instructed pursuant to joint written instructions by Company and Dealer Manager, in any one or more of the following: (a) obligations of the United States of America; (b) obligations guaranteed or collateralized by the United States of America; (c) money market accounts of any national banks or state banks insured by the Federal Deposit Insurance Corporation, including Escrow Agent; and (d) certificates of deposit of any national banks or state banks insured by the Federal Deposit Insurance Corporation, including Escrow Agent. No investment shall be made in any instrument or security that has a maturity of greater than three (3) months. If no joint written instructions are received by Escrow Agent as provided above, Escrow Agent may invest amounts held in the Escrow Account in money market funds of the type described in subparagraph (c) above. Any income or interest realized from the investments made by Escrow Agent pursuant hereto shall be reinvested by Escrow Agent until directed otherwise under the terms of this Escrow Agreement. Dealer Manager and Company may examine any and all documentation regarding the investment of the Escrow Account during normal business hours at the offices of Escrow Agent.

INVESTMENT OF THE FUNDS IN THE ESCROW ACCOUNT. Escrow Agent shall hold funds delivered to it under the terms of this Escrow Agreement and shall from time to time invest and reinvest the funds held in the Escrow Account, as and when instructed pursuant to joint written instructions by Company and Dealer Manager, in any one or more of the following: (a) obligations of the United States of America; (b) obligations guaranteed or collateralized by the United States of America; (c) money market accounts of any national banks or state banks insured by the Federal Deposit Insurance Corporation, including Escrow Agent; and (d) certificates of deposit of any national banks or state banks insured by the Federal Deposit Insurance Corporation, including Escrow Agent. No investment shall be made in any instrument or security that has a maturity of greater than three (3) months. If no joint written instructions are received by Escrow Agent as provided above, Escrow Agent may invest amounts held in the Escrow Account in money market funds of the type described in subparagraph (c) above. Any income or interest realized from the investments made by Escrow Agent pursuant hereto shall be reinvested by Escrow Agent until directed otherwise under the terms of this Escrow Agreement. Dealer Manager and or Company may examine any and all documentation regarding the investment of the Escrow Account during normal business hours at the offices of Escrow Agent.