Cash Deliveries Clause Samples
Cash Deliveries. Cash orders will only be delivered to Client’s designated location on the scheduled days and times provided to Client by Bank. Bank is authorized to make Cash shipments available to any person believed to be a Client employee or agent of Client. Bank will have no responsibility for cash made available to any person at delivery location that is not a Client employee or agent of Client.
Cash Deliveries. On or before the Closing Date (as defined below), BE shall cause the Insurers to deliver to their respective counsel or other designee (other than BE) to be held in trust for the benefit of HT immediately available funds by wire transfer as set forth in Exhibit A. The amounts due from the Insurers are referred to as the “Insurer Payments.” BE shall deliver the portion of the Settlement Payment identified in Exhibit A to be paid by it (the “BE Payment”) directly to HT on the Closing Date as contemplated in Section 2 below. Together, the BE Payment and the Insurer Payments are referred to as the “Settlement Payments.” The aggregate amount of the Settlement Payments will be Fifty-two Million Dollars ($52,000,000.00).