Deposit and Investment of Funds. a. Escrow Agent shall invest and reinvest the Escrow Funds as the Principal shall direct in writing; provided, however, that no investment or reinvestment may be made except in the following: (1) direct obligations of the United States of America or obligations the principal of and the interest on which are unconditionally guaranteed by the United States of America; or
Appears in 8 contracts
Sources: Escrow Agreement (Village Vi Acquisition Corp), Escrow Agreement (Village Xiii Acquisition Corp), Escrow Agreement (Village Xi Acquisition Corp)
Deposit and Investment of Funds. a. Escrow Agent shall invest and reinvest the Escrow Funds as the Principal Capital Tech shall direct in writing; provided, however, that no investment or reinvestment may be made except in the following: (1) direct obligations of the United States of America or obligations the principal Capital Tech of and the interest on which are unconditionally guaranteed by the United States of America; or
Appears in 1 contract
Sources: Escrow Agreement (Capital Tech Inc)