Investment of the Escrow Funds Sample Clauses

Investment of the Escrow Funds. The Escrow Account shall not bear interest and no other investment of the Escrow Funds shall be made while held by the Escrow Agent.
AutoNDA by SimpleDocs
Investment of the Escrow Funds. Escrow Agent shall invest and reinvest the Escrow Funds in short-term U.S. government notes maturing within thirty (30) calendar days (“Days”), as determined by the Escrow Agent. It is understood and agreed that the Escrow Agent or its affiliates are permitted to receive additional compensation that could be deemed to be in the Escrow Agent’s economic self-interest for (i) serving as investment advisor, administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the investments; (ii) using affiliates to effect transactions in certain investments; and (iii) effecting transactions in investments.
Investment of the Escrow Funds. (a) The Escrow Agent shall hold the Escrow Funds in an interest bearing account or in a Government Money Market fund registered under the Investment Act of 1940, as designated in writing by Owner and Contractor.
Investment of the Escrow Funds. (a) The Escrow Agent shall invest the Escrow Funds, to the extent held in cash, in any combination of the following investments at the written direction of Purchaser:
Investment of the Escrow Funds. The Escrow Account shall not bear interest and no investments, other than those that comply with SEC Rule 15(c)2-4, shall be made while the Escrow Funds are held in escrow.
Investment of the Escrow Funds. (a) During the term of this Agreement, the Escrow Funds in the Escrow Account shall be held in one or more demand deposit accounts and invested and reinvested in an interest bearing demand deposit account at JPMorgan Chase Bank, N.A. or successor or similar investments offered by Escrow Agent, unless otherwise jointly instructed in writing by Buyer and Seller. An interest bearing demand deposit account has rates of interest or compensation that may vary from time to time as determined by the Escrow Agent. Instructions to make any other investment (“Alternative Investment”) must be in writing jointly executed by an Authorized Representative (as defined in Section 25(a) below) of each of the Parties and shall specify the type and identity of the investments to be purchased and/or sold. Escrow Agent is hereby authorized to execute purchases and sales of investments through the facilities of its own trading or capital markets operations or those of any affiliated entity. Escrow Agent or any of its affiliates may receive reasonable compensation with respect to any Alternative Investment directed hereunder, including charging any applicable reasonable and customary agency fee or transaction fee in connection with each transaction. The Parties recognize and agree that Escrow Agent will not provide supervision, recommendations or advice relating to either the investment of moneys held in the Escrow Account or the purchase, sale, retention or other disposition of any investment described herein. Market values, exchange rates and other valuation information (including market value, current value or notional value) of any Alternative Investment furnished in any report or statement may be obtained from third party sources and is furnished for the exclusive use of the Parties. Escrow Agent has no responsibility whatsoever to determine the market or other value of any Alternative Investment and makes no representation or warranty, express or implied, as to the accuracy of any such valuations or that any values necessarily reflect the proceeds that may be received on the sale of an Alternative Investment.
Investment of the Escrow Funds. The funds held by the Escrow Agent from time to time pursuant to this Deposit Escrow Agreement, together with all income accrued thereon which has not been distributed pursuant to this Deposit Escrow Agreement, are referred to herein as the “Escrow Funds.”
AutoNDA by SimpleDocs
Investment of the Escrow Funds. (a) The Escrow Agent shall invest and reinvest the Escrow Funds in the JPMorgan Prime #830 Money Market Fund, unless otherwise instructed in writing by the Purchaser and the Stockholder. Such written instructions, if any, referred to in the foregoing sentence shall specify the type and identity of the investments to be purchased and/or sold and shall also include the name of the broker-dealer, if any, which the Purchaser and the Stockholder direct the Escrow Agent to use in respect of such investment, any particular settlement procedures required, if any (which settlement procedures shall be consistent with industry standards and practices), and such other information as the Escrow Agent may require. The Escrow Agent shall not be liable for failure to invest or reinvest funds absent sufficient written direction. Unless the Escrow Agent is otherwise directed in such written instructions, the Escrow Agent may use a broker-dealer of its own selection, including a broker-dealer owned by or affiliated with the Escrow Agent or any of its affiliates. The Escrow Agent or any of its affiliates may receive compensation with respect to any investment directed hereunder. It is expressly agreed and understood by the parties hereto that the Escrow Agent shall not in any way whatsoever be liable for losses on any investments, including, but not limited to, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to this Escrow Agreement.
Investment of the Escrow Funds. Escrow Agent will invest and reinvest each Escrow Fund at the written direction of the Seller. The Seller may direct the investment of the Escrow Funds in money market funds authorized to invest in short-term securities issued or guaranteed as to principal and interest by the U.S. Government and repurchase agreements with respect to such securities (including any money market fund managed or sponsored by Escrow Agent and any of its Affiliates) (the “Permitted Investments”). Escrow Agent is hereby authorized to execute the directed purchase and sale of Permitted Investments through the facilities of its own trading or capital markets operations. In the event that Escrow Agent does not receive written investment instructions to invest an Escrow Fund from the Seller, Escrow Agent shall invest such Escrow Fund, until receipt of joint written investment instructions from the Seller to the contrary, in [_________________]1. Escrow Agent or any of its Affiliates may receive compensation with respect to any investment directed hereunder. It is expressly agreed and understood by the parties hereto that Escrow Agent shall not in any way whatsoever be liable for losses on any investments, including, but not limited to, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to this Agreement, unless any such losses are attributable to Escrow Agent’s fraud, gross negligence, bad faith or willful misconduct. The Seller acknowledges and agrees that the delivery of each Escrow Fund is subject to the sale and final settlement of Permitted Investments. Proceeds of a sale of Permitted Investments will be delivered to, or at the direction of, the Seller in accordance with the terms of this Agreement.
Investment of the Escrow Funds. (a) The Escrow Agent shall invest the Escrow Funds at, and pursuant to, the joint written direction of Seller and Buyer Representative in Eligible Investments (as defined below) and shall not be responsible or liable for any loss accruing from any investment made in accordance herewith. Periodic statements will be provided to Seller and Buyer Representative reflecting transactions executed in connection with the Escrow Funds. Any earnings from such investment received by the Escrow Agent shall be deposited in the escrow account established hereunder and shall become part of the Escrow Funds.
Time is Money Join Law Insider Premium to draft better contracts faster.