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 Deposit Account. The customer(s) confirm that the U.S. Bank Money Market Deposit 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. {180826.DOCX / 1 }
Appears in 2 contracts
Sources: Escrow Agreement, Escrow 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 Deposit AccountAccount 5 (ticker DDAFC5, cusip ▇▇▇▇▇▇▇▇▇) with a current return of 0.100. The customer(s) confirm that the U.S. Bank Money Market Deposit 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. {180826.DOCX / 1 }.
Appears in 1 contract
Sources: Merger Agreement (Telular Corp)