Investment of Xxxxxxx Money. The Deposit shall be invested in accordance with the Xxxxxxx Money Escrow Agreement upon Purchaser’s delivery of the Deposit.
Investment of Xxxxxxx Money. Escrow Agent will invest the Xxxxxxx Money pursuant to Purchaser’s reasonable directions in an interest bearing account at a commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Escrow Agent shall notify Purchaser and Seller, no later than one (1) business day after Escrow Agent’s receipt thereof, that Escrow Agent has received the Xxxxxxx Money in immediately available funds, and is holding the same in accordance with the terms of this Agreement. Escrow Agent shall invest the Xxxxxxx Money only in such accounts as will allow Escrow Agent to disburse the Xxxxxxx Money upon no more than one (1) business day’s notice.
Investment of Xxxxxxx Money. Escrowee shall invest the Xxxxxxx Money in interest-bearing securities, bank deposits and/or so-called “money market funds” established and managed by nationally recognized firms, as selected by Buyer. All interest earned on the Xxxxxxx Money shall be paid as specifically provided in these Instructions.
Investment of Xxxxxxx Money. Escrow Agent will promptly invest the Xxxxxxx Money and disburse same in accordance with the terms, conditions and provisions of this Agreement and the Xxxxxxx Money Escrow Agreement.
Investment of Xxxxxxx Money. The Initial Deposit and the Additional Deposit shall be invested in accordance with the Xxxxxxx Money Escrow Agreement upon Purchaser’s delivery of the Initial Deposit and Additional Deposit (as the case may be).
Investment of Xxxxxxx Money. Escrow Agent shall hold the Xxxxxxx Money in an interest-bearing account at a banking institution with which Escrow Agent has an established banking relationship as directed by Purchaser and shall invest the Xxxxxxx Money in such accounts as Purchaser shall from time to time direct or approve. Escrow Agent shall promptly advise Seller and Purchaser if the Xxxxxxx Money is not received by Escrow Agent in a timely fashion.
Investment of Xxxxxxx Money. The Xxxxxxx Money or any portion thereof shall be invested in any investment selected by Purchaser and approved by Seller in writing, which approval may be withheld in Seller’s reasonable discretion; provided, however, that Escrow Agent shall not be obligated to invest the Xxxxxxx Money or any portion thereof pursuant to this Section 1(c) until both Seller and Purchaser (i) provide their respective federal tax identification numbers to Escrow Agent, and (ii) execute and deliver to Escrow Agent any investment forms or direction letters reasonably requested by Escrow Agent. All interest and other amounts earned on the Xxxxxxx Money shall constitute additional Xxxxxxx Money for all purposes in this Agreement. Purchaser shall bear the risk of loss of the Xxxxxxx Money, except to the extent resulting from the gross negligence, willful default, intentional misconduct or breach of trust by Escrow Agent, its managers, officers, employees or agents.
Investment of Xxxxxxx Money. Escrow Agent shall invest the Xxxxxxx Money pursuant to Purchaser's directions, which may be in an interest bearing account at a commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Escrow Agent shall notify Seller, no later than one (1) business day after Escrow Agent's receipt thereof, that Escrow Agent has received the Xxxxxxx Money in immediately available funds, and is holding the same in accordance with the terms of this Agreement. However, Escrow Agent shall invest the Xxxxxxx Money only in such accounts as will allow Escrow Agent to disburse the Xxxxxxx Money upon no more than one (1) business day's notice. Escrow Agent not commingle the Xxxxxxx Money with any funds of Escrow Agent or any other person or entity without the prior written consent of Purchaser. All interest earned on the Xxxxxxx Money, if any, shall be included within the meaning of the term “Xxxxxxx Money” in this Agreement.
Investment of Xxxxxxx Money. The Xxxxxxx Money shall be invested and reinvested in any certificate of deposit or acceptance, maturing not more than 30 days after the date of investment, issued by a commercial banking institution that is a member of the Federal Reserve System and which has a combined capital and surplus and undivided profits of not less than $2,000,000. Notwithstanding the foregoing, no investment shall have a maturity greater than 30 days if such maturity extends past the termination date of this Escrow Agreement. Without specific instructions, the Escrow Agent is not required to invest the Xxxxxxx Money.
Investment of Xxxxxxx Money. The Xxxxxxx Money shall be invested in accordance with the Xxxxxxx Money Escrow Agreement.
