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

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that the Lead Agent deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of electronic wire transfer 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 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 unless and until the Escrow Release Notice is delivered to the Subscription Receipt Agent (on or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice to the Subscription Receipt Agent (on or before the Escrow Release Deadline), retroactively for the benefit of the Corporation and the Agents (in the case of the Agents, in relation to the Agents’ Commission) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. The Corporation shall direct that deliver (or cause the Lead Agent deliver delivery of) the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of certified cheque, bank draft or electronic wire transfer 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 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 unless and until the Escrow Release Notice is delivered to the Subscription Receipt Agent (on at or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice to the Subscription Receipt Agent (on at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation and the Agents (in the case of the Agents, in relation to the Agents’ Commission) in accordance with the provisions of this Article 6.

Deposit of Escrowed Proceeds in Escrow. The Corporation Company shall direct that that, immediately prior to the Lead Agent deliver issuance of the Subscription Receipts, the Escrowed Proceeds to shall be deposited, in immediately available funds, with the Subscription Receipt Agent on the Closing Date by way of electronic wire transfer in immediately available fundstransfer, and upon receipt of such funds, certified cheque or bank draft by the Subscription Receipt Agent shall deliver a signed receipt acknowledging receipt of the Escrowed ProceedsLead Underwriter. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 67. The Corporation Company acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of the aggregate Offering Price that the Escrowed Funds Proceeds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 67. The Corporation Company further acknowledges and confirms that it has no interest in the Escrowed Funds unless and until the Escrow Release Notice is delivered to the Subscription Receipt Agent (on at or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice Notice, to the Subscription Receipt Agent (on at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation Company and the Agents Underwriters (in the case of the Agents, in relation to the AgentsBalance of the Underwriters’ CommissionCommission and the unpaid Underwriters’ Expenses) in accordance with the provisions of this Article 67.

Deposit of Escrowed Proceeds in Escrow. The Corporation Company shall direct that that, immediately prior to the Lead Agent deliver issuance of the Subscription Receipts, the Escrowed Proceeds to shall be deposited with the Subscription Receipt Agent on the Closing Date by way of certified cheque, electronic wire transfer in immediately available funds, and upon receipt of such fundsby the Lead Agent, the Subscription Receipt Agent shall deliver Company, or a signed receipt acknowledging receipt of the Escrowed Proceedscombination thereof. The Subscription Receipt Agent shall immediately place such funds in a segregated account in accordance with the provisions of this Article 67. The Corporation Company acknowledges and agrees that it is a condition of the payment by the holders of Subscription Receipts of the aggregate Offering Price that the Escrowed Funds Proceeds are held by the Subscription Receipt Agent in accordance with the provisions of this Article 67. The Corporation Company further acknowledges and confirms that it has no interest in the Escrowed Funds or the Earned Interest unless and until the Escrow Release Notice is delivered to the Subscription Receipt Agent (on at or before the Escrow Release Deadline). The Subscription Receipt Agent shall retain the Escrowed Funds and the Earned Interest for the benefit of the holders of the Subscription Receipts Receiptholders and, upon the delivery of the Escrow Release Notice to the Subscription Receipt Agent (on at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation Company and the Agents (in the case of the Agents, in relation to the unpaid Agents’ CommissionExpenses) in accordance with the provisions of this Article 67.