Common use of Investment of Escrow Property Clause in Contracts

Investment of Escrow Property. The Share Escrow Agent shall promptly invest any escrowed proceeds in any federally insured money market deposit account that is acceptable to the Corporation. The Share Escrow Agent and its affiliates may act as agent, principal sponsor, or depositary, with respect to any such investment. The Share Escrow Agent shall in no event be liable for any loss resulting from the performance of any funds invested pursuant to this

Appears in 1 contract

Sources: Share Escrow Agreement (Wellpoint Health Networks Inc /Ca/)

Investment of Escrow Property. The Share Escrow Agent shall promptly invest any escrowed proceeds in any federally insured money market deposit account that is acceptable to the Corporation. The Share Escrow Agent and its affiliates may act as agent, principal sponsor, or depositary, with respect to any such investment. The Share Escrow Agent shall in no event be liable for any loss resulting from the performance of any funds invested pursuant to this Section 10. Interest on proceeds invested pursuant to this

Appears in 1 contract

Sources: Share Escrow Agent Agreement (Wellpoint Health Networks Inc /Ca/)