Common use of AUTOMATIC AUTHORIZATION Clause in Contracts

AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Account. The U.S. Bank Money Market Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Plantronics Inc /Ca/), Escrow Agreement (Mgic Investment Corp), Escrow Agreement (Mgic Investment Corp)

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AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Account. The U.S. Bank Money Market Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions.. Schedule B Escrow Agent Fees and Charges Due Upon Closing

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Imation Corp), Agreement and Plan of Merger (Imation Corp)

AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrarycontrary as may be authorized under the governing agreement, U.S. Bank or U.S. Bank Trust National Association is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Deposit Account. The Customer confirms that the U.S. Bank Money Market Deposit Account is a permitted investment under the operative documents governing agreement and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions.until

Appears in 1 contract

Samples: Fiscal Agent Agreement

AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Account. The U.S. Bank Money Market Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions.. SCHEDULE C Schedule of Fees for Services as Escrow Agent

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pattern Energy Group Inc.)

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AUTOMATIC AUTHORIZATION. In the absence of specific written direction to the contrary, U.S. Bank is hereby directed to invest and reinvest proceeds and other available moneys in the U.S. Bank Money Market Account. The U.S. Bank Money Market Account is a permitted investment under the operative documents and this authorization is the permanent direction for investment of the moneys until notified in writing of alternate instructions.. Schedule C

Appears in 1 contract

Samples: Equity Holder Release (Emdeon Inc.)

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