Common use of Procedures for Deposits Clause in Contracts

Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of Units, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. Each such deposit shall be accompanied by the following documents:

Appears in 4 contracts

Samples: Escrow Agreement (Apple REIT Ten, Inc.), Escrow Agreement (Apple REIT Ten, Inc.), Escrow Agreement (Apple REIT Nine, Inc.)

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Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of UnitsShares, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. Each The Agent shall wire all such funds for deposit shall be accompanied by in the following documents:escrow account: Wachovia National Bank, Escrow Agent Charlotte, North Carolina [ABA # 000000000] [Account # ]

Appears in 1 contract

Samples: Escrow Agreement (Apple Hospitality Five Inc)

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Procedures for Deposits. Upon receipt by Agent of any Cash Investment Instrument for the purchase of Units, Agent shall, by noon of the next business day after receipt, wire to Escrow Agent funds aggregating the sum total of all Cash Investment Instruments received the previous business day. Each The Agent shall wire all such funds for deposit shall be accompanied by in the following documents:escrow account: Wachovia Bank, National Association, Escrow Agent Charlotte, North Carolina ABA # 000000000 Account # 5000000016439

Appears in 1 contract

Samples: Escrow Agreement (Apple Hospitality Five Inc)

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