Escrowed Funds. Prior to the disbursement of funds deposited in the Escrow Account in accordance with the provisions of Section 2(b) and Section 3 hereof, the Escrow Agent shall invest all of the funds deposited as well as earnings and interest derived therefrom in UMB Bank Money Market Special, an interest-bearing bank money market account permitted under Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. The Escrow Agent shall not invest funds deposited or any earnings or interest derived therefrom in any other investment without the prior written direction or approval from the Company. Income, if any, resulting from the investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.
Appears in 4 contracts
Samples: Escrow Agreement (Griffin Capital Essential Asset REIT II, Inc.), Escrow Agreement (Strategic Storage Trust II, Inc.), Escrow Agreement (Strategic Storage Trust II, Inc.)
Escrowed Funds. Prior to the disbursement of funds deposited in the Escrow Account in accordance with the provisions of Section 2(b) and Section 3 hereof, the Escrow Agent shall invest all of the funds deposited as well as earnings and interest derived therefrom in UMB Bank Money Market Special, an interest-bearing bank money market account permitted under Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. The Escrow Agent shall not invest funds deposited or any earnings or interest derived therefrom in any other investment without the prior written direction or approval from the Company. Income, if any, resulting from the investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.
Appears in 4 contracts
Samples: Escrow Agreement (Griffin-Benefit Street Partners BDC Corp.), Escrow Agreement (Griffin-Benefit Street Partners BDC Corp.), Escrow Agreement (Griffin-Benefit Street Partners BDC Corp.)
Escrowed Funds. Prior to the disbursement of funds deposited in the Escrow Account in accordance with the provisions of Section 2(b) and Section 3 hereof, the Escrow Agent shall invest all of the funds deposited as well as earnings and or interest derived therefrom in the Escrow Account in UMB Bank Money Market Special, an interest-bearing bank money market account account, permitted under Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. The Escrow Agent shall not invest funds deposited or any earnings or interest derived therefrom in any other investment without the prior written direction or approval from the Company. Income, if any, resulting from the investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.
Appears in 4 contracts
Samples: Form of Escrow Agreement (Pathway Energy Infrastructure Fund, Inc.), Form of Escrow Agreement (Pathway Energy Infrastructure Fund, Inc.), Form of Escrow Agreement (Priority Senior Secured Income Fund, Inc.)
Escrowed Funds. Prior to the disbursement of funds deposited in the Escrow Account in accordance with the provisions of Section 2(b) ), Section 3 and Section 3 4 hereof, the Escrow Agent shall invest all of the funds deposited as well as earnings and interest derived therefrom in UMB Bank Money Market Special, an interest-bearing bank money market account permitted under Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. The Escrow Agent shall not invest funds deposited or any earnings or interest derived therefrom in any other investment without the prior written direction or approval from the Company. Income, if any, resulting from the investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.
Appears in 2 contracts
Samples: Escrow Agreement (Strategic Storage Trust IV, Inc.), Escrow Agreement (Griffin Capital Essential Asset REIT II, Inc.)
Escrowed Funds. Prior to the disbursement of funds deposited in the Escrow Account Accounts in accordance with the provisions of Section 2(b) ), Section 3 and Section 3 4 hereof, the Escrow Agent shall invest all of the funds deposited as well as earnings and interest derived therefrom in UMB Bank Money Market Special, an interest-bearing bank money market account permitted under Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. The Escrow Agent shall not invest funds deposited or any earnings or interest derived therefrom in any other investment without the prior written direction or approval from the Company. Income, if any, resulting from the investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.
Appears in 1 contract
Samples: Escrow Agreement (Adaptive Real Estate Income Trust, Inc.)
