Commencement of Duties. Upon receipt by the Escrow Agent of the shares of DGSE Common Stock provided in Section 1.2, (i) the Escrow Agent shall deliver a notice to DGSE and to the Stockholder Agent acknowledging such receipt, and (ii) the Escrow Agent shall hold any Escrow Cash (defined below) the Escrow Shares (defined below) and any proceeds of the foregoing in escrow pursuant to the terms of this Agreement. The Escrow Agent shall hold and safeguard the Escrow Account during the Escrow Period (defined below), shall treat such accounts as trust funds in accordance with the terms of this Agreement and not as the property of the Escrow Agent, DGSE, the Stockholders or the Stockholder Agent and shall hold and dispose of the cash and shares in the Escrow Account only in accordance with the terms set forth in this Agreement.
Commencement of Duties. Parent, concurrently with the execution and delivery of this Agreement and pursuant to Section 3.2 of the Merger Agreement, is transferring to the Depository Agent the Escrow Fund consisting entirely of the Escrowed Shares. Upon receipt of the Escrowed Shares by the Depository Agent, the duties and obligations of each of the parties to this Agreement will commence.
Commencement of Duties. The Employee shall commence his duties as an employee of the Employer on September 20, 1999.
Commencement of Duties. Iconix, on the date hereof, simultaneously with the execution and delivery of this Escrow Agreement, shall transfer by wire transfer to the Escrow Agent the aggregate sum of Twenty-Four Million Dollars ($24,000,000).
Commencement of Duties. Parent, simultaneously with the execution and delivery of this Agreement and pursuant to the terms and conditions of the Merger Agreement, shall transfer to the Depository Agent twenty percent (20%) of the aggregate cash consideration to which the Shareholders are entitled pursuant to Section 3.1(b) of the Merger Agreement (collectively, the "Escrow Cash") and twenty percent (20%) of the aggregate number of shares of Parent Common Stock to which the Shareholders are entitled pursuant to Section 3.1(b) of the Merger Agreement (collectively, the "Escrow Shares" and, together with the Escrow Cash, the "Escrow Consideration"). Upon receipt of the Escrow Consideration by the Depository Agent, the duties and obligations of each of the parties to this Agreement will commence.
Commencement of Duties. Parent, on the date hereof, in accordance with Section 3.01 of the Merger Agreement and simultaneously with the execution and delivery of this Agreement, shall deposit by wire transfer with the Escrow Agent the sum of Fifteen Million Dollars ($15,000,000) (such amount, as may be increased pursuant to Section 9.01(b)(i) of the Merger Agreement, being the “Deposit”). Upon the Escrow Agent’s initial receipt of funds pursuant to this Section, the duties and obligations of each of the parties to this Agreement will commence.
Commencement of Duties. Employee will begin work on July 26, 2010.
Commencement of Duties. Operating Partnership, simultaneously with the execution and delivery of this Agreement, will transfer to the Escrow Agent by wire transfer the aggregate sum of [$ ] (the “Indemnification Escrow Fund”) from the cash proceeds otherwise payable or distributable to the Cash Transferor Parties under the Contribution Agreement. Upon receipt of the Indemnification Escrow Fund, the duties and obligations of each of the parties to this Agreement will commence.
Commencement of Duties. Upon receipt by the Escrow Agent of the shares of SpaceDev Common Stock provided in Section 1.2 and Section 1.3, (i) the Escrow Agent shall deliver a notice to SpaceDev and to the Shareholder Agent acknowledging such receipt, and (ii) the Escrow Agent shall hold any Escrow Cash (defined below), the Escrow Shares (defined below) and the Expense Shares (defined below) in escrow pursuant to the terms of this Agreement. The Escrow Agent shall hold and safeguard the Escrow Account and the Expense Fund during the Escrow Period (defined below), shall treat such accounts as trust funds in accordance with the terms of this Agreement and not as the property of the Exchange Agent, SpaceDev, the Shareholders or the Shareholder Agent and shall hold and dispose of the cash and shares in the Escrow Account and the Expense Fund only in accordance with the terms set forth in this Agreement.
Commencement of Duties. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account with the Escrow Agent. This Agreement shall be effective on the date on which the Escrow Agent shall receive funds from the Transfer Agent for deposit into the Escrow Account (the “Escrowed Funds”).
