Common use of Capital Delivery Clause in Contracts

Capital Delivery. 2.1.2.1. Capital Undertaking(s) Intermediary will be in receipt of capital "Undertaking(s)" from Investor(s). At Closing, the Intermediary shall secure such monies for credit to the Cash Account. No interest will be applied to monies managed by the Intermediary. Intermediary shall not deal with such monies from Investor(s) in any way save for those instructions within this Agreement. All such Undertakings according to Bahamian Banking regulations shall be treated as a Confidential communication between the Investor(s) and Intermediary.

Appears in 4 contracts

Samples: Account Management Agreement (Omega Commercial Finance Corp), Management Agreement (Aclor International, Inc.), Management Agreement (Aclor International, Inc.)

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Capital Delivery. 2.1.2.12.2.1. Capital Undertaking(s) Intermediary will be in receipt of capital "Undertaking(s)" instruction undertaking(s) from the Investor(s). At Closing, the Intermediary shall secure such monies value from the undertakings, for credit to the Cash Company Account. No interest will be applied to monies managed by the Intermediary. Intermediary shall not deal with such monies from Investor(s) in any way save for those instructions within this Agreement. All such Undertakings undertaking instructions, according to Bahamian Banking regulations banking regulations, shall be treated as a Confidential communication between the Investor(s) and Intermediary.

Appears in 1 contract

Samples: Management Agreement (Spotlight Innovation, Inc.)

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