Common use of Interim Investment of Escrow Account Clause in Contracts

Interim Investment of Escrow Account. Strosberg Xxxxx Xxxxx LLP, and then the Administrator after the Settlement becomes final, shall hold the Settlement Amount in the Escrow Account and shall invest the Settlement Amount in a liquid money market account or equivalent security with a rating equivalent to, or better than that of an interest bearing account in a Canadian Schedule 1 bank and shall not pay out any amount from the Escrow Account, except in accordance with the terms of the Agreement including, but not limited to:

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Interim Investment of Escrow Account. Sutts, Strosberg Xxxxx Xxxxx LLP, and then the Administrator after the Settlement becomes final, shall hold the Settlement Amount in the Escrow Account and shall invest the Settlement Amount in a liquid money market account or equivalent security with a rating equivalent to, or better than that of an interest bearing account in a Canadian Schedule 1 bank and shall not pay out any amount from the Escrow Account, except in accordance with the terms of the Agreement including, but not limited to:

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Interim Investment of Escrow Account. Strosberg Xxxxx Xxxxx LLP, and then the Administrator after the Settlement becomes final, shall hold the Settlement Amount in the Escrow Account and shall invest the Settlement Amount in a liquid money market account or equivalent security with a rating equivalent to, or better than that of an interest bearing account in a Canadian Schedule 1 bank and shall not pay out any amount from the Escrow Account, except in accordance with the terms of the Agreement including, but not limited to:Agreement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Interim Investment of Escrow Account. Strosberg Xxxxx Xxxxx LLPSiskinds, and then the Administrator after the Settlement becomes final, shall hold the Escrow Settlement Amount in the Escrow Account and shall invest the Escrow Settlement Amount in a liquid money market account or equivalent security with a rating equivalent to, or better than that of an interest bearing account in a Canadian Schedule 1 bank and shall not pay out any amount from the Escrow Account, except in accordance with the terms of the Agreement includingSettlement Agreement, but not limited to:without an order of the Courts, made on notice to the Parties.

Appears in 1 contract

Samples: Settlement Agreement (Southwestern Resources Corp)

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Interim Investment of Escrow Account. Strosberg Xxxxx Xxxxx Siskinds LLP, and then the Administrator after the Settlement becomes final, shall hold the Settlement Amount in the Escrow Account and shall invest the Settlement Amount in a liquid money market account or equivalent security with a rating equivalent to, or better than that of an interest interest-bearing account in a Canadian Schedule 1 bank and shall not pay out any amount from the Escrow Account, except in accordance with the terms of the Agreement including, but not limited to:Agreement.

Appears in 1 contract

Samples: Settlement Agreement

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