Escrow Agent Not Responsible For Investment Decisions Sample Clauses

Escrow Agent Not Responsible For Investment Decisions. Absent its timely receipt of such specific written investment instruction from the Seller Representative and Buyer, the Escrow Agent shall have no obligation or duty to invest (or otherwise pay interest on) the Escrow Funds; provided, however, that in the event the Escrow Agent shall not have received such written investment instruction, the Escrow Agent shall invest the Escrow Funds in the Escrow Agent’s MMDA, as described in Annex A hereto, until such investment instruction is received. All earnings received from the investment of the Escrow Funds (the “Escrow Income”) shall be credited to, and shall become a part of, the Escrow Account (and any losses on such investments shall be debited to the Escrow Account). The Escrow Agent shall have no liability for any investment losses, including without limitation any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder.
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Escrow Agent Not Responsible For Investment Decisions. Absent its ----------------------------------------------------- timely receipt of such specific joint written investment instruction from Vencor and Ventas, the Escrow Agent shall be authorized to, and shall, invest any of the Escrow Property in the Janus Government Money Market Fund (#882) until specific written investment instruction is received from Vencor and Ventas. All earnings received from the investment of the Escrow Property shall be credited to, and shall become a part of, the Escrow Property (and any losses on such investments shall be debited to the Escrow Account). The Escrow Agent shall have no liability for any investment losses, including without limitation any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder.
Sample 1
Escrow Agent Not Responsible For Investment Decisions. Absent its timely receipt of such specific written investment instruction from the Company the Escrow Agent shall have no obligation or duty to invest (or otherwise pay interest on) the Escrow Property. All earnings received from the investment of the Escrow Property shall be credited to, and shall become a part of, the Escrow (and any losses on such investments shall be debited to the Escrow Account). The Escrow Agent shall have no liability for any investment losses, including without limitation any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder.
Sample 1
Escrow Agent Not Responsible For Investment Decisions. All earnings received from the investment of the Escrow Properties shall be credited to, and shall become a part of, the respective Escrow Properties (and any losses on such investments shall be debited to the applicable Escrow Account). The Escrow Agent shall have no liability for any investment losses to the extent it invests the Escrow Properties in compliance with Section 2.1 of this Agreement.
Sample 1
Escrow Agent Not Responsible For Investment Decisions. Absent its timely receipt of such specific written investment instruction from the Member Representative, the Escrow Agent shall have no obligation or duty to invest (or otherwise pay interest on) the Escrow Property; provided, however, that in the event the Escrow Agent shall not have received such written investment instruction, the Escrow Agent shall be authorized to invest any of the Escrow Property in the Escrow Agent’s “U.S. Bank Money Market Deposit Account” until such investment instruction is received. All earnings received from the investment of the Escrow Property shall be credited to, and shall become a part of, the Escrow Property (and any losses on such investments shall be debited to the Escrow Account). The Member Representative, on behalf of the Company Members, acknowledge and agree that the Escrow Agent is providing no investment advice and is not responsible for any of the investment decisions made by the Member Representative. The Escrow Agent shall have no liability for any investment losses, including without limitation any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder.
Sample 1
Escrow Agent Not Responsible For Investment Decisions. Absent its timely receipt of such specific joint written investment instruction from the Advisors and the Company, the Escrow Agent shall have no obligation or duty to invest (or otherwise pay interest on) the Subscription Funds; provided, however, that in the event the Escrow Agent shall not have received such written investment instruction, the Escrow Agent shall be authorized to invest any of the Subscription Funds in the U.S. Bank Money Market Deposit Account, which is an FDIC insured interest-bearing account, until such investment instruction is received. All earnings received from the investment of the Subscription Funds shall be credited to, and shall become a part of, the escrow (and any losses on such investments shall be debited to the Escrow Account). The Escrow Agent shall have no liability for any investment losses (other than investments in the U.S. Bank Money Market Deposit Account), including without limitation any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder.
Sample 1
Escrow Agent Not Responsible For Investment Decisions. Absent its timely receipt of such specific joint written investment instructions from the Buyer and the Securityholder Representative, the Escrow Agent shall have no obligation or duty to invest (or otherwise pay interest on) the Funds; provided, however, that in the event the Escrow Agent shall not have received such joint written investment instructions, the Escrow Agent shall be authorized to invest any of the Funds in the Escrow Agent’s IMMA until such joint investment instructions are received. All earnings received from the investment of any Fund shall be credited to, and shall become a part of, such Fund (and any losses on such investments shall be deducted from such Fund). The Escrow Agent shall have no liability for any investment losses, including without limitation any market loss on any investment liquidated prior to maturity in order to make a payment required hereunder.
Sample 1
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Related to Escrow Agent Not Responsible For Investment Decisions

  • Trustee Not Responsible for Recitals The recitals herein contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this First Supplemental Indenture.

  • TRUSTEE NOT RESPONSIBLE FOR RECITALS, ETC (a) The Recitals contained herein and in the Debentures shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same.

  • Trustee Not Responsible The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this [First] Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company and the Guarantors.

  • Not Responsible for Recitals or Issuance of Preferred Securities Guarantee The recitals contained in this Preferred Securities Guarantee shall be taken as the statements of the Guarantor, and the Preferred Securities Guarantee Trustee does not assume any responsibility for their correctness. The Preferred Securities Guarantee Trustee makes no representation as to the validity or sufficiency of this Preferred Securities Guarantee.

  • Trustee’s Application for Instructions from the Company Any application by the Trustee for written instructions from the Company (other than with regard to any action proposed to be taken or omitted to be taken by the Trustee that affects the rights of the Holders of the Notes under this Indenture) may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable to the Company for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three Business Days after the date any officer that the Company has indicated to the Trustee should receive such application actually receives such application, unless any such officer shall have consented in writing to any earlier date), unless, prior to taking any such action (or the effective date in the case of any omission), the Trustee shall have received written instructions in accordance with this Indenture in response to such application specifying the action to be taken or omitted.

  • Trustee Not Responsible for Recitals or Issuance of Notes The recitals and statements contained herein shall be taken as statements of the Partnership, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or of the Notes other than with respect to the Trustee’s authentication. The Trustee shall not be accountable for the use or application by the Partnership of the Notes or the proceeds thereof.

  • Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee (a) The Master Servicer shall transmit and each Servicer (to the extent required by the related Servicing Agreement) shall transmit to the Trustee or Custodian such documents and instruments coming into the possession of the Master Servicer or such Servicer from time to time as are required by the terms hereof, or in the case of the Servicers, the applicable Servicing Agreement, to be delivered to the Trustee or Custodian. Any funds received by the Master Servicer or by a Servicer in respect of any Mortgage Loan or which otherwise are collected by the Master Servicer or by a Servicer as Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan shall be held for the benefit of the Trustee and the Certificateholders subject to the Master Servicer's right to retain or withdraw from the Master Servicer Collection Account the Master Servicing Compensation and other amounts provided in this Agreement, and to the right of each Servicer to retain its Servicing Fee and other amounts as provided in the applicable Servicing Agreement. The Master Servicer shall, and (to the extent provided in the applicable Servicing Agreement) shall cause each Servicer to, provide access to information and documentation regarding the Mortgage Loans to the Trustee, its agents and accountants at any time upon reasonable request and during normal business hours, and to Certificateholders that are savings and loan associations, banks or insurance companies, the Office of Thrift Supervision, the FDIC and the supervisory agents and examiners of such Office and Corporation or examiners of any other federal or state banking or insurance regulatory authority if so required by applicable regulations of the Office of Thrift Supervision or other regulatory authority, such access to be afforded without charge but only upon reasonable request in writing and during normal business hours at the offices of the Master Servicer designated by it. In fulfilling such a request the Master Servicer shall not be responsible for determining the sufficiency of such information.

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