Authorized Disbursements. The Trustee is hereby authorized to disburse the Pooled Shares only as follows:
(a) to the Shareholders in accordance with Section 4.2 of this Agreement; or
(b) to the Shareholders upon receipt of a written instruction signed by all the Shareholders; or
(c) to the Shareholders in accordance with a final and binding judgment rendered by a court of competent jurisdiction and delivered to the Trustee together with a certificate signed by SE Global (upon which certificate the Trustee shall conclusively rely and act) certifying that said judgment represents a final adjudication by a court of competent jurisdiction.
Authorized Disbursements. The Escrow Agent is hereby authorized to disburse funds out of monies constituting the Escrow Amount, only in accordance with Sections 6 and 7.
Authorized Disbursements. The Escrow Agent is hereby authorized to disburse the Escrow Shares only as follows:
(a) to the Supreme Stockholders in accordance with Section 4.2 of this Agreement;
(b) to the Supreme Stockholders upon receipt of a written instruction signed by Xxxxxx Xxxxxxx and Mr. Xxxxx Xxxxxx; or
(c) to the Supreme Stockholders in accordance with a final and binding judgment rendered by a court of competent jurisdiction and delivered to the Escrow Agent together with a certificate signed by Coronation (upon which certificate the Escrow Agent shall conclusively rely and act) certifying that said judgment represents a final adjudication by a court of competent jurisdiction.
Authorized Disbursements. Subject to the provisions of Section 5.1(b) the Escrow Agent is hereby authorized to disburse the Escrow Funds as follows:
(i) upon receipt of and in accordance with joint written instructions signed by Buyer and Sellers; or
(ii) in accordance with the binding order of a court of competent jurisdiction delivered to the Escrow Agent together with a certificate by Buyer or Sellers (upon which certificate the Escrow Agent shall conclusively rely and act) certifying that said order represents a final determination of the rights of the parties.
Authorized Disbursements from the Collateral Proceeds ----------------------------------------------------- Account. ------- Following receipt by the Trustee of the Officer's Certificate required by Section 5.01(f) and SRMSC's acceptance thereof, not later than five Business Days following the Trustee's receipt of the Monthly Remittance Report from the Master Servicer, the Trustee shall reimburse or pay the Master Servicer or each Servicer, as appropriate, from the Collateral Proceeds Account (or any other account established by the Indenture) to the extent not previously reimbursed or paid, the amounts set forth below in the following descending order of priority prior to the disbursement of any funds to the Securityholders:
(a) Any advances made by the Master Servicer under the Master Servicing Agreement that are Non-Recoverable Advances; and
(b) Any advances made by any Servicer under its Servicing Agreement that are Non-Recoverable Advances.
Authorized Disbursements. The Escrow Agent is hereby authorized to disburse the Escrow Amount only in accordance with Sections 6 or 7.
Authorized Disbursements. The Lock-Up Escrow Agent is hereby authorized to disburse the Lock-Up hares only as follows:
(a) to the HD Stockholders in accordance with Section 4.2 of this Agreement;
(b) to the HD Stockholders upon receipt of a written instruction signed by Parent and Spencer Trask Ventures, Inc. ("STV"); or
(c) to the HD Sxxxxxxxxxxx xn accordance with a final and binding judgment rendered by a court of competent jurisdiction and delivered to the Lock-Up Escrow Agent together with a certificate signed by Parent (upon which certificate the Lock-Up Escrow Agent shall conclusively rely and act) certifying that said judgment represents a final adjudication by a court of competent jurisdiction.
Authorized Disbursements. Subject to the provisions of Section ------------------------ 5.1
Authorized Disbursements. Notwithstanding any other provision of this Article IV, the Borrower and Grantor hereby irrevocably authorizes Bank, at the option of Bank, to make disbursements of Loan proceeds (i) jointly to Borrower and to any contractor or materialmen furnishing labor, services or materials in the construction of the Project for any amounts due them in connection therewith, or (ii) directly to Bank for interest, fees and any other amounts required to be paid to Bank under the Note or the other Loan Documents. No further authorization from Borrower shall be necessary for Bank to make such direct disbursements, and all such disbursements shall satisfy pro tanto the obligation of Bank hereunder and shall be secured by the Deed of Trust.
Authorized Disbursements. Direct advances by the Seller and disbursements from the Project Fund may be made for the purpose of paying (said term to include the reimbursement of the RESA for advances from its other funds to accomplish the purposes hereinafter described) the cost of capital expenditures related to the Addition Project and may include all payments incurred under the terms of contracts for the Acquisition of the Project and costs of issuance associated with this Installment Sale Agreement.
