Investment of Subscription Proceeds. The Subscription Proceeds shall be deposited in an interest bearing account maintained by the Escrow Agent as directed by the Managing General Partner. This may be a savings account, bank money market account, short-term certificates of deposit issued by a bank, or short-term certificates of deposit issued or guaranteed by the United States government. The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of Paragraph 4 or 5 of this Agreement, as the case may be.
Investment of Subscription Proceeds. The Subscription Proceeds shall be deposited in an interest bearing account maintained by the Escrow Agent entitled "Armada Government Fund." Subscription Proceeds may be temporarily invested by the Escrow Agent only in income producing short-term, highly liquid investments secured by the United States government where there is appropriate safety of principal, such as U.S. Treasury Bills. The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of paragraph 4 or 5, as the case may be.
Investment of Subscription Proceeds. Subject to Section 6, the Escrow Agent shall deposit all Subscription Proceeds in interest-bearing savings or bank money market accounts (other than mutual funds). The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of Section 4 or 5, as the case may be.
Investment of Subscription Proceeds. The Escrow Agent shall invest the Subscription Proceeds in the Federated Investors Treasury Obligations Fund (CUSIP number 60934N-872). The interest earned shall be added to the Subscription Proceeds and disbursed in accordance with the provisions of paragraph 4 or 6, as the case may be.
Investment of Subscription Proceeds. The Escrow Agent shall invest Subscription Payments in a LaSalle Bank Time Deposit, Open Account. Any interest earned from such investments shall accrue to the benefit of the Subscribers, and shall be distributed by the Escrow Agent only in accordance with the terms of this Agreement.
Investment of Subscription Proceeds. The Subscription Proceeds shall be deposited in an interest bearing account maintained by the Escrow Agent as directed by the Managing General
Investment of Subscription Proceeds. Subject to Section 9, the Escrow Agent shall deposit all Subscription Proceeds into Signature Bank’s Monogram Insured Money Market Deposit Account For Business. Interest accrued on Subscription Proceeds held in the Escrow Account shall not be an asset of the Partnership, but shall be added to the Subscription Proceeds and disbursed in accordance with the terms of this Agreement. Such amounts of interest are referred to in this Agreement as “Interest Proceeds.”
Investment of Subscription Proceeds. Subject to Section 9, the Escrow Agent shall deposit all Subscription Proceeds only in the following interest-bearing accounts and short-term obligations as the General Partner shall direct: short-term United States government securities (including Treasury bills, securities issued or guaranteed by United States government agencies), certificates of deposit and time or demand deposits in banks and savings and loan associations which are insured by United States government agencies or deposits in members of the Federal Home Loan Bank System. In the absence of express instructions, the Escrow Agent shall invest Subscription Proceeds, to the extent reasonably practicable, in a United States bank money market account insured by the Federal Deposit Insurance Corporation. Interest accrued on Subscription Proceeds held in the Escrow Account shall not be an asset of the Partnership, but shall be added to the Subscription Proceeds and disbursed in accordance with the terms of this Agreement. Such amounts of interest are referred to in this Agreement as “Interest Proceeds.”
Investment of Subscription Proceeds. The Parties further covenant, warrant and agree that the Escrow Agent shall invest all Escrow Funds in a non-interest depository account held at CVEX pursuant to the terms of this Agreement.
Investment of Subscription Proceeds. If the Escrow Agent shall have received specific written investment instruction from Sun (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.
