Deposit and Investment Sample Clauses

Deposit and Investment. Contemporaneous with the execution hereof, Seller has deposited the Post-Closing Deposit and the Xxxxxx & Noble Deposit with Escrow Agent to be held and disbursed by Escrow Agent as provided herein. Escrow Agent shall deposit the Post-Closing Deposit and the Xxxxxx & Xxxxx Deposit in an interest bearing account at a financial institution the accounts of which are insured by the Federal Deposit Insurance Corporation. All interest earned on the Post-Closing Deposit and the Xxxxxx & Noble Deposit shall be added to and become a part of the Post-Closing Deposit and the Xxxxxx & Xxxxx Deposit and shall be held and disbursed as part of the Post-Closing Deposit and the Xxxxxx & Noble Deposit hereunder.
Sample 1
AutoNDA by SimpleDocs
Deposit and Investment. Purchaser shall deposit with Chicago Title Insurance Company (“Escrow Agent”), 000 X. Xxxxx Street, Chicago, Illinois, Attention: Xxxxx Xxxxxx, the sum of Two Million and No/100 Dollars ($1,800,000.00) to be held by Escrow Agent in government insured interest-bearing accounts at a national bank in Dallas County, Texas (together with all interest thereon, the “Xxxxxxx Money”) simultaneously with the execution of this Agreement. Such account shall have no penalty for early withdrawal. The Escrow Agent shall be authorized, at Purchaser’s option, to invest the Xxxxxxx Money in such manner as Purchaser may direct; provided, however, that the Escrow Agent shall invest the Xxxxxxx Money only in such manner as will allow the Escrow Agent to disburse the Xxxxxxx Money upon seven (7) days notice.
Sample 1
Deposit and Investment. Within two (2) Business Days after the Effective Date, Purchaser shall deposit with Escrow Agent the Initial Deposit and deliver a completed, executed Form W-9 to Escrow Agent and Seller. If Purchaser timely delivers a Notice of Satisfaction (defined below), Purchaser shall, no later than two (2) Business Days after the last day of the Inspection Period, deposit with Escrow Agent the Additional Deposit. Escrow Agent shall hold the Deposit in accordance with this Agreement. Upon written direction from Purchaser, Escrow Agent shall invest the Deposit as set forth in such written direction. In the absence of any such written direction to invest the Deposit, the parties hereto agree that Escrow Agent shall be under no duty to invest or reinvest the Deposit and that Escrow Agent may commingle the Deposit with other deposits or with Escrow Agent’s own funds in the manner provided for the administration of funds under Section 2-8 of the Corporate Fiduciary Act. The Deposit shall be in the form of a wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to deposit the Initial Deposit within two (2) Business Days after the Effective Date, Seller may, until the same is so deposited, terminate this Agreement by written notice to Purchaser and Escrow Agent, in which event the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.
Sample 1
Deposit and Investment. Inland shall deposit with Chicago Title Insurance Company (“Escrow Agent”), 000 X. Xxxxx Street, Chicago, Illinois, Attention: Xxxxx Xxxxxx, the sum of Two Hundred Thousand and No/100 Dollars ($200,000.00) to be held by Escrow Agent in government insured interest-bearing accounts at a national bank in Dallas County, Texas (together with all interest thereon, the “Xxxxxxx Money”) simultaneously with the execution of this Agreement. Such account shall have no penalty for early withdrawal. The Escrow Agent shall be authorized, at Inland’s option, to invest the Xxxxxxx Money in such manner as Inland may direct; provided, however, that the Escrow Agent shall invest the Xxxxxxx Money only in such manner as will allow the Escrow Agent to disburse the Xxxxxxx Money upon seven (7) days notice. Inland may elect in its discretion to have $200,000 out of the “Xxxxxxx Money” held by Escrow Agent pursuant to the Real Property Contract designated as the Xxxxxxx Money hereunder by delivering written instructions to Escrow Agent (with a contemporaneous copy to Capital I) regarding same.
Sample 1

Related to Deposit and Investment

  • Deposit Accounts Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed) Institution Name Account Number New Account? Account Control Agreement in place?

  • Loans and Investments Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or purchase, acquire or own any stock, bonds, notes or securities of, or any partnership interest (whether general or limited) or limited liability company interest in, or any other investment or interest in, or make any capital contribution to, any other Person, or agree, become or remain liable to do any of the foregoing, except:

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Bank Accounts; Investments Capital Contributions, revenues and any other Company funds shall, as directed by Preferred, be deposited by the Company in trading accounts (whether “regulated” or “unregulated”) established in the name of the Company. As provided by Rule 4.20(c) of the Commodity Futures Trading Commission (the “CFTC”), no other funds shall be deposited into the Company’s trading accounts or commingled with Company investments. Funds deposited in the Company’s trading accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Acquisitions and Investments The Borrower will not, nor will it permit any Subsidiary to, make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, or become or remain a partner in any partnership or joint venture, or to make any Acquisition of any Person, except:

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Pledgor, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

Time is Money Join Law Insider Premium to draft better contracts faster.