Common use of Deposit of Escrowed Proceeds in Escrow Clause in Contracts

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that BMO, on its own behalf and on behalf of the Underwriters deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfer. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of $0.81 per Subscription Receipt therefor that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Subscription Receipt Interest unless and until the Release Notice is delivered to the Subscription Receipt Agent. The Subscription Receipt Agent shall retain the Escrowed Funds and the Subscription Receipt Interest for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Release Notice, to the Subscription Receipt Agent, retroactively for the benefit of the Corporation and the Underwriters (in relation to the Underwriters’ Cash Commission) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that BMOthe Lead Agent, on its own behalf and on behalf of the Underwriters Agents, to deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfertransfer in immediately available funds, and upon receipt of such funds, the Subscription Receipt Agent shall deliver a signed receipt acknowledging receipt of the Escrowed Proceeds. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of $0.81 per Subscription Receipt therefor the aggregate Offering Price that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Subscription Receipt Interest unless and until the Escrow Release Notice is delivered to the Subscription Receipt AgentAgent (at or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds and the Subscription Receipt Interest for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice, Notice to the Subscription Receipt AgentAgent (at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation and the Underwriters Agents (in the case of the Agents, in relation to the Underwriters’ Cash CommissionCommission and the incremental expenses of the Agents) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that BMOthat, on its own behalf and on behalf immediately prior to the issuance of the Underwriters deliver Subscription Receipts, the Escrowed Proceeds to shall be deposited with the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfer, certified cheque or bank draft by the Underwriters, in the amount of $9,582,559.04. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of $0.81 1.00 per Subscription Receipt therefor that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation and the Underwriters each further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Subscription Receipt Interest interest accrued thereon unless and until the Release Notice is delivered to the Subscription Receipt Agent. The Subscription Receipt Agent shall retain the Escrowed Funds and the Subscription Receipt Interest interest accrued thereon for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Release Notice, to the Subscription Receipt Agent, retroactively for the benefit of the Corporation and the Underwriters (in relation to the Underwriters’ Cash Commission) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that BMO, on its own behalf and on behalf of the Underwriters Receiptholder deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfer. The In the event the Escrowed Proceeds are received by the Subscription Receipt Agent following December 24, 2018 (unless the TSX Venture Exchange has confirmed the Escrowed Proceeds can be received after such date), unless otherwise directed by the Receiptholder, the Subscription Receipt Agent shall promptly by wire transfer return the funds to the Receiptholder (in accordance with the written direction of the Receiptholder and without further direction or authorization from the Corporation) and upon receipt thereof, this Agreement shall terminate and the Subscription Receipts will not have been issued. Upon receipt of the Escrowed Proceeds, the Subscription Receipt Agent shall immediately place such funds in a segregated interest- bearing account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of $0.81 0.33 per Subscription Receipt therefor that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Subscription Receipt Interest unless and until the Release Conversion Notice is delivered to the Subscription Receipt AgentAgent by the Corporation and the Receiptholder. The Subscription Receipt Agent shall retain the Escrowed Funds and the Subscription Receipt Earned Interest for the benefit of the holders of the Subscription Receipts Receiptholder and, upon the delivery of the Release NoticeConversion Notice by the by the Corporation and the Receiptholder, to the Subscription Receipt Agent, retroactively for the benefit of the Corporation and the Underwriters (in relation to the Underwriters’ Cash Commission) in accordance with the provisions of this Article 6Section 6.1.

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that BMO, on its own behalf the Lead Agent and on behalf of the Underwriters Dentons Canada LLP deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfertransfer in immediately available funds, and upon receipt of such funds, the Subscription Receipt Agent shall deliver a signed receipt acknowledging receipt of the Escrowed Proceeds. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of $0.81 per Subscription Receipt therefor the aggregate Offering Price that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Subscription Receipt Interest unless and until the Escrow Release Notice is delivered to the Subscription Receipt AgentAgent (at or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds and the Subscription Receipt Interest for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice, Notice to the Subscription Receipt AgentAgent (at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation and the Underwriters Agents (in the case of the Agents, in relation to the UnderwritersBalance of the Agents’ Cash CommissionCommission and Expenses) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. ‌ The Corporation shall direct that BMO, on its own behalf and on behalf of the Underwriters Co-Lead Agents to deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfertransfer in immediately available funds, and upon receipt of such funds, the Subscription Receipt Agent shall deliver a signed receipt acknowledging receipt of the Escrowed Proceeds. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of $0.81 per Subscription Receipt therefor the aggregate Offering Price that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Subscription Receipt Interest unless and until the Escrow Release Notice is delivered to the Subscription Receipt AgentAgent (at or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds and the Subscription Receipt Interest for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice, Notice to the Subscription Receipt AgentAgent (at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation and the Underwriters (in relation to the Underwriters’ Cash Commission) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. ‌ The Corporation shall deliver or shall cause to be delivered, and shall direct that BMO, on its own behalf and on behalf of the Underwriters Agent deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfer. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 6. The Corporation acknowledges and agrees that it is a condition of the payment by the holders of Flow-Through Unit Subscription Receipts of $0.81 0.06 per Flow-Through Unit Subscription Receipt therefor that the Escrowed Funds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 6. The Corporation further acknowledges and confirms that it has no interest in the Escrowed Funds or in the Flow- Through Unit Subscription Receipt Interest unless and until the Release Notice is delivered to the Subscription Receipt Agent. The Subscription Receipt Agent shall retain the Escrowed Funds and the Flow- Through Unit Subscription Receipt Interest for the benefit of the holders of the Flow-Through Unit Subscription Receipts and, upon the delivery of the Release Notice, to the Subscription Receipt Agent, retroactively for the benefit of the Corporation and the Underwriters (in relation to the Underwriters’ Cash Commission) in accordance with the provisions of this Article 6.