Deposit of Escrow Fund. The Escrow Agent shall establish an account in the name of Mercantile Absolute Return Fund LLC, Escrow Account for the Benefit of Members (the "Subscription Account") and an account in the name of Mercantile Absolute Return Fund LLC Repurchase Account (the "Repurchase Account") and together with the Subscription Account, (the "Accounts"). The Escrow Agent shall promptly deposit in the Subscription Account checks remitted by Potential Members and made payable to the Company. Potential Members also may deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company.
Deposit of Escrow Fund. The Escrow Agent shall establish, at an FDIC-insured commercial banking institution of its own choosing (which may include an affiliate of the Escrow Agent) (“Bank”), an account in the name of ESCROW AGENT as agent for the benefit of the Funds and/or its investors for subscriptions (the “Subscription Account”) and an account in the name of ESCROW AGENT as agent for the benefit of the Funds and/or its investors for redemptions or repurchases (the “Repurchase Account,” and together with the Subscription Account, the “Accounts”). The Escrow Agent shall promptly deposit in the Subscription Account monies remitted by Potential Investors by wire transfer pursuant to instructions provided to them by the Funds. Balances on deposit in the Accounts will not earn interest. For the avoidance of doubt, as between the parties, the Funds and/or the Manager shall be solely responsible for any disclosure obligations regarding the Account(s) to Potential Investors and/or current investors (including the non-payment of interest), as the Funds and/or the Manager deem appropriate.
Deposit of Escrow Fund. The Escrow Agent shall establish, at an FDIC-insured commercial banking institution of its own choosing (which may include an affiliate of the Escrow Agent) (“Bank”), an account in the name of PNC as agent for the benefit of the Company and/or its investors for subscriptions (the “Subscription Account”) and an account in the name of PNC as agent for the benefit of the Company and/or its investors for redemptions or repurchases (the “Repurchase Account,” and together with the Subscription Account, the “Accounts”). The Escrow Agent shall promptly deposit in the Subscription Account monies remitted by Potential Investors by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Accounts will not earn interest. For the avoidance of doubt, as between the parties, the Company and/or the Manager shall be solely responsible for any disclosure obligations regarding the Account(s) to Potential Investors and/or current investors (including the non-payment of interest), as the Company and/or the Manager deem appropriate.
Deposit of Escrow Fund. The Escrow Agent shall establish an account in such of the following names as may be set forth in Written Instructions or agreed to between the parties hereto in a separate writing: “Potential Investors of Excelsior Buyout Investors, LLC” (hereinafter the “Subscription Account”). A separate account, if necessary, may be established titled “U.S. Trust Company” (hereinafter the “Adviser’s Account”) (individually, an “Account” and, collectively, the “Accounts”). The Accounts shall be established at Escrow Agent. Escrow Agent appoints Escrow Administrator to act as signatory to the Accounts and to perform all administrative and ministerial functions related to the Accounts. Assets of the Accounts will earn interest at prevailing market rates pursuant to arrangements approved by the Company and Escrow Agent. The Company shall only approve investments permissible under Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. Any checks should be made payable to PNC Bank, Delaware and must be transmitted by Selling Agents directly to the Escrow Administrator by noon of the next business day after receipt. The Escrow Administrator shall promptly deposit Subscription Account checks remitted by persons subscribing to purchase interests in the Company (“Potential Investors”). Potential Investors may also deposit monies in the Subscription Account (if established) by wire transfer instructions provided to them by the Company. The Escrow Agent may accept bulk wires at the direction of an Authorized Person that represent an aggregate amount of money previously deposited directly into the Potential Investors’ brokerage accounts by such Potential Investors. The Escrow Agent and the Escrow Administrator will maintain records related to each of the Accounts in accordance with applicable regulatory requirements and the Escrow Agent’s and Escrow Administrator’s record retention policies.
Deposit of Escrow Fund. The Escrow Agent shall establish accounts in the name of "Potential Investors of GAM Avalon Multi-Europe, L.P." (hereinafter the "Subscription Account") and "GAM Avalon Multi-Europe, L.P. Repurchase Account" (hereinafter the "Repurchase Account") (collectively the "Accounts"). The Accounts shall be established at PNC Bank, Delaware (the "Bank) which shall be appointed by the Escrow Agent to hold the assets of such Accounts. The Bank is authorized to invest assets of the Accounts in high quality, short-term investments. The investments in which the Bank may invest the Accounts may include shares of registered money market funds, including funds which are advised by the Bank or one of its affiliates, or for which the Bank or an affiliate of the Bank provides other services (such as TempFund or a similar investment vehicle). The Escrow Agent shall promptly deposit the Subscription Account checks remitted by persons subscribing to purchase interests in the Partnership ("Potential Investors") and made payable to GAM Avalon Multi-Europe, L.P. Potential Investors may also deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Partnership. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to instructions from the Partnership.
Deposit of Escrow Fund. The Escrow Agent shall establish an account in the name of PW Sequoia Fund, L.L.C., Escrow Account for the Benefit of Investors (the "Subscription Account") and an account in the name of PW Sequoia Fund, L.L.C. Repurchase Account (the "Repurchase Account") and, together with the Subscription Account, the "Accounts"). The Escrow Agent shall promptly deposit in the Subscription Account checks remitted by Potential Investors and made payable to PW Sequoia Fund, L.L.C. Potential Investors also may deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Fund or by amounts wire transferred from brokerage accounts at PaineWebber Incorporated. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Fund.
Deposit of Escrow Fund. The Escrow Agent shall establish, at an FDIC-insured commercial banking institution of its own choosing (which may include an affiliate of the Escrow Agent) (“Bank”), an account in the name of PNC as agent for the benefit of the Company and/or its investors for subscriptions (the “Subscription Account”). The Escrow Agent shall promptly deposit in the Subscription Account monies remitted by Potential Investors by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company. For the avoidance of doubt, as between the parties, the Company shall be solely responsible for any disclosure obligations regarding the Account(s) to Potential Investors (including the payment of interest and any related tax consequences, if applicable), as the Company deem appropriate.
Deposit of Escrow Fund. The Escrow Agent shall establish an account in the name of UBS PW Tamarack International Fund, L.L.C., Escrow Account for the Benefit of Investors (the “Subscription Account”) and an account in the name of UBS PW Tamarack International Fund, L.L.C. Repurchase Account (the “Repurchase Account”) and, together with the Subscription Account, the “Accounts”). The Escrow Agent shall promptly deposit in the Subscription Account checks remitted by Potential Investors and made payable to UBS PW Tamarack International Fund, L.L.C. Potential Investors also may deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Fund or by amounts wire transferred from brokerage accounts at PaineWebber Incorporated. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Fund.
Deposit of Escrow Fund. The Escrow Agent shall establish an account in the name of Mercantile Long-Short Manager Fund LLC, Escrow Account for the Benefit of Members (the "Subscription Account") and an account in the name of Mercantile Long-Short Manager Fund LLC Repurchase Account (the "Repurchase Account") and together with the Subscription Account, (the "Accounts"). The Escrow Agent shall promptly deposit in the Subscription Account checks remitted by Potential Members and made payable to the Company. Potential Members also may deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company.
Deposit of Escrow Fund. The Escrow Agent shall establish an account in the name of Mercantile Long-Short Manager Fund for Tax Exempt/Deferred Investors (TEDI) LLC, Escrow Account for the Benefit of Members (the "Account"). The Escrow Agent shall promptly deposit in the Account checks remitted by Potential Members and made payable to the Company. Potential Members also may deposit monies in the Account by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Account will not earn interest.
