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. 2.1.2.2. Evidentiary Letter Intermediary will issue a letter to Investor(s), Advisor and Company in evidence that such monies are secured and Pre-Closing is awaiting deposit of Certificated Securities.

Appears in 4 contracts

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

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