Investment of Escrow Property. During the term of this Agreement, the Escrow Agent shall not invest or liquidate the Escrow Property and any distribution of all or part of the Escrow Property shall be conducted in accordance with Section 4 below.
Investment of Escrow Property. Escrow Agent shall invest or reinvest Escrow Property, without distinction between principal and income, in taxable money market accounts. Escrow Agent shall have no liability for any loss arising from or related to any such investment other than in accordance with paragraph 4 of the Terms and Conditions in Part II of this Agreement.
Investment of Escrow Property. Depositors are to select one of the following options:
Investment of Escrow Property. (a) Escrow Agent shall invest or reinvest Escrow Property, without distinction between principal and income, in accordance with written instructions delivered by NEW to the Escrow Agent specifying any one or more of the following investments designated herein. For each security listed below exact name of security, the CUSIP number, trade and settlement dates, rate, par amount, proceeds and interest amount, maturity date and broker must be included.
Investment of Escrow Property. (a) The Escrow Agent is authorized and directed, and agrees promptly to deposit, transfer, hold and invest the Escrow Property and any investment income thereon in cash, upon instruction as set forth in Exhibit B, or in Permitted Investments as otherwise set forth in any subsequent written instruction to the Escrow Agent signed by the Grantor. The Escrow Agent will credit all such investments to the Escrow Account and hereby agrees to treat any such investment as a “Financial Asset” within the meaning of Section 8-102(a)(9) of the Code. Notwithstanding any instructions by the Grantor, the Escrow Property may only be invested in or a combination of: (i) obligations issued or directly and fully guaranteed or insured by the United States of America or by any agency or instrumentality thereof, provided that the full faith and credit of the United States of America is pledged in support thereof; (ii) repurchase agreements with respect to debt obligations referred to in clause (i) above; (iii) money market accounts that invest solely in the debt obligations referred to in clause (i) above and/or repurchase obligations referred to in clause (ii) above; or (iv) U.S. dollars or demand deposits of the Escrow Agent (collectively, “Permitted Investments”).
Investment of Escrow Property. The Escrow Agent shall initially invest the Cash Deposit in “Citi Institutional Cash Reserves (234)”, an onshore money market fund having a Standard & Poor’s Ratings Services rating of not less than “AAAm” and thereafter the Escrow Agent shall invest or reinvest Escrow Property, without distinction between principal and income, in accordance with joint written instructions delivered by the Payors to the Escrow Agent specifying any one or more of the investments listed on Exhibit F hereto, provided such investments maintain a rating of at least “AAAm” by Standard & Poor’s Ratings Services or “Aaa” by Xxxxx’x Investors Service, Inc. The Escrow Agent shall have no obligation to invest or reinvest the Escrow Property if all or a portion of the Escrow Property is deposited with the Escrow Agent after 11:00 a.m. (E.S.T.) on the day of deposit. Instructions to invest or reinvest that are received after 11:00 a.m. (E.S.T.) will be treated as if received on the following Business Day in New York. The Escrow Agent shall have the power to sell or liquidate the foregoing investments whenever the Escrow Agent shall be required to release the Escrow Property pursuant to the terms hereof. The Escrow Agent shall have no responsibility for any investment losses resulting from the investment, reinvestment or liquidation of the Escrow Property, provided that the Escrow Agent has made such investment, reinvestment or liquidation in accordance with the terms of this Agreement. Any interest or other income received on such investment and reinvestment of the Escrow Property shall become part of the Escrow Property. It is agreed and understood that the Escrow Agent may earn fees associated with the investments outlined above. Any investment direction contained herein may be executed through an affiliated broker dealer of the Escrow Agent and shall be entitled to such usual and customary fee. Neither Citigroup nor any of its affiliates assume any duty or liability for monitoring the investment rating. The Escrow Agent shall have no liability for any loss arising from or related to any such investment other than in accordance with Section 5 hereof.
Investment of Escrow Property. The Escrow Agent shall be ------------------------------ authorized to, and shall, invest the Escrow Property, in Repurchase Agreements, for a period of one (1) Business Day from the date hereof, and, if the Escrow Agent shall have received specific joint written investment instruction from Vencor and Ventas (which shall include instruction as to term to maturity, if applicable), on a timely basis, the Escrow Agent shall invest the Escrow Property in Eligible Investments, pursuant to and as directed in such instruction. To the extent the Escrow Agent has not received such specific written instruction, or such written instruction has, by its terms, expired or otherwise is ineffective, the Escrow Property shall be invested in the Janus Government Money Market Fund (#882).
Investment of Escrow Property. The Share Escrow Agent shall promptly invest any escrowed proceeds in any federally insured money market deposit account that is acceptable to the Corporation. The Share Escrow Agent and its affiliates may act as agent, principal sponsor, or depositary, with respect to any such investment. The Share Escrow Agent shall in no event be liable for any loss resulting from the performance of any funds invested pursuant to this Section 10. Interest on proceeds invested pursuant to this
Investment of Escrow Property. Escrow Agent shall invest or reinvest Escrow Property, without distinction between principal and income, in accordance with written instructions delivered to Escrow Agent specifying any one or more of the following investments from the Depositor designated herein. Initially, until otherwise directed in writing the Escrow Property shall be invested in [provide money market fund].
Investment of Escrow Property. The Escrow Agent shall invest or reinvest the Escrow Property without distinction between principal and income, in The Bank of New York’s Deposit Reserve (the “BNYDR”) unless otherwise directed by written instrument signed by the Depositors. The Escrow Agent shall have no liability for any loss arising from or related to any such investment other than in accordance with Section 3 of the Terms and Conditions.
