Investment of Deposit. Escrow Holder shall place the Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured (up to the amount of One Hundred Thousand and No/100ths Dollars ($100,000.00), as directed in writing by Buyer, with notice to Seller. All references in this Agreement to the Deposit shall include the interest thereon.
Investment of Deposit. (a) If either the Buyer or Seller request that the Deposit be invested then the Deposit Holder is irrevocably authorised to invest the funds in its name in an interest bearing account with a Bank nominated by the Deposit Holder.
Investment of Deposit. Escrow Agent shall invest the Deposit 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 Seller, no later than one (1) business day after Escrow Agent’s receipt thereof, that Escrow Agent has received the Deposit in immediately available funds, and is holding the same in accordance with the terms of this Agreement. However, Escrow Agent shall invest the Deposit only in such accounts as will allow Escrow Agent to disburse the Deposit upon no more than one (1) business day’s notice.
Investment of Deposit. Escrow Holder shall place the Earnxxx Xxxey Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured, as Buyer may select. All interest on the Earnxxx Xxxey Deposit shall accrue for the benefit of Buyer until the Closing. Notwithstanding the foregoing, however, in the event of any default by Buyer hereunder, all interest earned on such account shall accrue to the benefit of Seller. Seller shall not be responsible for, nor bear the risk of loss of, the Earnxxx Xxxey Deposit, and shall not be responsible for the rate of return thereon.
Investment of Deposit. The Deposit shall be invested in accordance with the Xxxxxxx Money Escrow Agreement upon Purchaser’s delivery of the Deposit.
Investment of Deposit. If, for any reason, the Designated Aircraft to be financed hereunder on the Funding Date shall not be so financed on such date, the Deposit, and earnings thereon, will be invested and reinvested by the Security Trustee at the sole direction, for the account, and at the risk of the Borrower in an overnight investment selected by the Borrower and acceptable to the Security Trustee having consulted with the Loan Participants. Upon the Borrower’s oral (to be confirmed in writing) instructions, earnings on any such investments shall be applied to the Borrower’s payment obligations to each Loan Participant under this Section 2(b) or released to the Borrower to the extent of such earnings.
Investment of Deposit. Escrow Agent shall deposit the Deposit in an escrow account in the name of Escrow Agent in a commercial bank designated by Purchaser and reasonably acceptable to Seller. Escrow Agent shall invest the Deposit in an insured non-interest bearing account, or in non-interest bearing investments backed by securities issued by the U.S. federal government, as Purchaser and Seller may from time to time direct.
Investment of Deposit. Promptly upon receipt thereof, Escrow Agent shall acknowledge to Sellers and Buyer receipt of the Deposit. Escrow Agent shall promptly invest the Deposit in an interest-bearing money market account unless otherwise instructed in writing by Sellers and Buyer. All interest earned on the Deposit shall be paid to the party entitled to receive the Deposit pursuant to the Agreement. Each of Sellers and Buyer has contemporaneously delivered to Escrow Agent a completed Form W‑9 to be held by Escrow Agent and submitted on behalf of the applicable party to the Internal Revenue Service following disbursement of the Deposit.
Investment of Deposit. The Deposit, while held in Escrow, shall be held by the Escrow Agent in a federally-insured, interest-bearing account with a national banking association. All interest earned on the Deposit while in Escrow shall be added to, and become part of, the Deposit.
Investment of Deposit. The Deposit shall be placed in an interest-bearing account or other investment acceptable to Buyer, with all interest accruing to the benefit of Buyer. The Deposit shall be disposed of by Escrow Holder only as provided in this Agreement.
