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 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 Subscription Receipts of $0.81 1.90 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 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 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.