Common use of Liquid Investments Clause in Contracts

Liquid Investments. To the extent that the Partnership from time to time has funds which are not invested in private debt or equity investments pursuant to this Agreement, the Partnership shall invest in highly liquid investments ("Liquid Investments") providing for appropriate safety of principal, such as commercial paper bearing the highest rating of a nationally recognized rating agency, money market mutual funds, securities issued by the United States Government, any instrumentality thereof, or one of the states of the United States, or a domestic bank with total assets in excess of $5,000,000,000, to provide liquid investments from which to meet obligations of the Partnership and to hold funds pending investment or distribution.

Appears in 5 contracts

Samples: Agreement (Divine Interventures Inc), Divine Interventures Inc, Divine Interventures Inc

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