Investments; Disposition of Income Sample Clauses

Investments; Disposition of Income. The Escrow Agent shall place the Escrow Funds in a separate non-interest bearing account with the Escrow Holder, as directed in writing by the Company, and at all times in compliance with Rule 15c2-4 promulgated under the Securities Exchange Act of 1934.
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Investments; Disposition of Income. (a) At the written direction of Buyer, the Escrow Agent shall invest the Escrowed Funds within two business days after receipt of such written direction in (i) United States' government securities or securities of agencies of the United States government which are guaranteed by the United States government and which mature nine months or less from the date of investment, (ii) debt securities (including certificates of deposit) issued by any bank or trust company organized under the laws of the United States of America or any state thereof having capital and surplus aggregating in excess of $500 million and whose long-term debt securities have a rating of "A" or higher by Standard and Poor's Rating Service and which mature nine months or less from the date of investment or (iii) any other instrument as Buyer and Sellers' Representatives, from time to time, shall jointly designate in writing. Any income received by the Escrow Agent from investments of the Escrowed Funds pursuant to this Section 3 (such income being referred to as "Interest") shall be added to the Escrowed Funds and distributed as provided in this Escrow Agreement. Periodic statements will be provided to Sellers' Representatives and Buyer reflecting transactions executed in connection with the Escrowed Funds.
Sample 1
Investments; Disposition of Income. (a) At the written direction of Buyer, the Escrow Agent shall invest the Escrowed Funds within two (2) business days after receipt of such written direction in (i) United States' government securities or securities of agencies of the United States government which are guaranteed by the United States government and which mature nine months or less from the date of investment, in each case as directed by Buyer, (ii) debt securities (including certificates of deposit) issued by any bank or trust company organized under the laws of the United States of America or any state thereof having capital and surplus aggregating in excess of $500 million and whose long-term debt securities have a rating of "A" or higher by Standard and Poor's Rating Service and which mature nine months or less from the date of investment, in each case as directed by Buyer, (iii) Money market funds having a rating in the highest investment category granted thereby by a recognized credit rating agency, including any fund for which the Escrow Agent or an affiliate of the Escrow Agent serves as an investment advisor, administrator, shareholder servicing agent, custodian or sub-custodian, notwithstanding that (A) the Escrow Agent or an Affiliate of the Escrow Agent charges and collects fees and expenses from such funds for services rendered (provided that such charges, fees and expenses are on terms consistent with terms negotiated at arm's length) and (B) the Escrow Agent charges and collects fees and expenses for services rendered, pursuant to this Escrow Agreement, or (iv) any other instrument as Buyer and Sellers' Representatives, from time to time, shall jointly designate in writing and that are eligible for settlement in the U.S. through customary U.S. settlement systems. Any income received by the Escrow Agent from investments of the Escrowed Funds pursuant to this Section 3 (such income being referred to as "Interest") during any month shall be distributed within five (5) business days after the end of such month to Buyer. Periodic statements will be provided to Sellers' Representatives and Buyer reflecting transactions executed in connection with the Escrowed Funds.
Sample 1
Investments; Disposition of Income. Eligible Investments" means any one or more of the following, which, in each case, matures (or is redeemable by the holder thereof without the incurrence of a loss) not later than one year from the date on which funds are invested therein: (a) direct obligations of, and obligations fully guaranteed or insured by, the United States of America or any agency or instrumentality of the United States of America, the obligations of which are backed by the full faith and credit of the United States of America; (b) demand deposits (including but not limited to controlled disbursement accounts or other similar accounts) and time deposits with, and certificates of deposit and bankers' acceptances issued by, the Escrow Agent or any bank or trust company organized under the laws of the United States of America or any State thereof whose unsecured, unguaranteed long-term senior debt obligations are rated "AA" by Standard & Poor's ("S&P") and "Aa2" by Mxxxx'x Investors Service, Inc. ("Moody's") or higher, or whose unsecured, unguaranteed commercial paper obligations are rated "A-1" by S&P and/or "P-1" by Moody's or higher; (c) repurchase agreements entered into with entities whose unsecured, unguaranteed long-term debt obligations are rated "AA" by S&P and "Aa2" by Moody's or higher, or whose unsecured unguaranteed commercial paper obligations are rated "A-1" by S&P and/or "P-1" by Moody's or higher, pursuant to a written agreement with respect to any obligation described in clause (a) above, (d) commercial paper (including both noninterest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not later than 270 days from the date of acquisition thereof) and having a rating of "A-1" by S&P and/or "P-1" by Moody's or higher; (e) taxable auction rate securities commonly known as "money market notes" that at the time of purchase have been rated and the ratings for which (i) for direct issues, must not be less than "P-1" if rated by Moody's and not less than "A-1" if rated by S&P, or (ii) for collateralized issues which follow the asset coverage tests set forth in the Investment Company Act of 1940, as amended, must have long-term ratings of at least "AAA" if rated by S&P and "Aaa" if rated by Moody's; (f) direct obligations or shares of any money market fund or other similar investment company all of whose investments consist of obligations described in the foregoing clauses of this definition and that is rated "Aam" by S&P a...
Sample 1
Investments; Disposition of Income. The Escrow Agent shall invest the Escrow Funds in the SEI Daily Income Trust Treasury Fund unless otherwise directed in writing by Seller and Buyer. A sweep fee of 0.25% annually will apply to the average daily balances. Any income received by the Escrow Agent from investments of the Escrow Funds pursuant to this Section 5 shall be added to the Escrow Funds and distributed as part of the Escrow Funds.
Sample 1
Investments; Disposition of Income. The Escrow Agent shall invest any cash dividends or other cash distributions received with respect to the Escrowed Shares (the "Escrowed Funds") in (i) United States government securities or securities of agencies of the United States government which are guaranteed by the United States government (ii) securities of governmental agencies, if the same are covered by a bank repurchase agreement, and (iii) investment grade money market funds (including the Wilmington Fund, an AAA rated fund managed by Rodney Square, and affiliate of the Escrow Agent), all as Parent and Xxxxxholder Agent, from time to time, shall jointly instruct the Escrow Agent in writing. Any income received by the Escrow Agent from investments of the Escrowed Funds pursuant to this Section 3 shall be added to the Escrowed Funds and distributed as provided in this Agreement. Upon liquidation of an investment of the Escrowed Funds, the Escrowed Funds shall be deposited into a non-interest bearing account pending receipt of written investment instructions as provided in this Section 3 or disbursement instructions as provided in Section 2.
Sample 1
Investments; Disposition of Income. The Escrow Agent shall invest the Escrow Funds as directed in writing by Buyer and Sellers. Any income received by the Escrow Agent from investments of the Escrow Funds pursuant to this Section 5 shall be added to the Escrow Funds and distributed as part of the Escrow Funds.
Sample 1
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Related to Investments; Disposition of Income

  • Disposition of Income During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.

  • Collection of Income The Custodian shall use reasonable commercial efforts to collect all income and other payments with respect to the Foreign Assets held hereunder to which the Portfolios shall be entitled and shall credit such income, as collected, to the applicable Portfolio. In the event that extraordinary measures are required to collect such income, the Fund and the Custodian shall consult as to such measures and as to the compensation and expenses of the Custodian relating to such measures.

  • Fundamental Changes; Disposition of Assets; Acquisitions No Credit Party shall, nor shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, or acquire by purchase or otherwise (other than purchases or other acquisitions of inventory, materials and equipment and Capital Expenditures in the ordinary course of business) the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person, except:

  • Fundamental Changes; Disposition of Assets The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, enter into any transaction of merger, consolidation or amalgamation, consummate a Division as the Dividing Person, or liquidate, wind up or dissolve themselves (or suffer any liquidation or dissolution), or otherwise make any Disposition of any assets, except:

  • Restricted Payments, etc On and at all times after the Effective Date:

  • Investments, Etc The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Subsidiary prior to such merger), any common stock, Indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, except:

  • No Disposition, Etc The Pledgor shall not sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, any of the Pledged Securities, nor will it create, incur or permit to exist any pledge, lien, mortgage, hypothecation, security interest, charge, option or any other encumbrance with respect to any of the Pledged Securities, or any interest therein, or any proceeds thereof, except for the lien and security interest provided for by this Agreement.

  • Restricted Payments; Certain Payments of Indebtedness (a) The Borrower will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except:

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