Common use of Disbursement from the Bank Account Clause in Contracts

Disbursement from the Bank Account. 4.1 If at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent receives subscription monies, the Escrow Agent shall promptly notify the Issuer and the Joint Bookrunning Manager of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account in accordance with instructions in writing signed by both the Issuer and the Joint Bookrunning Manager as to the disbursement of the Fund, promptly after it receives such instructions and funds have cleared.

Disbursement from the Bank Account. 4.1 If at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent receives subscription monies, the Escrow Agent shall promptly notify the Issuer and the Joint Bookrunning Manager [___________] of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account in accordance with instructions in writing signed by both the Issuer and the Joint Bookrunning Manager [_________] as to the disbursement of the Fund, promptly after it receives such instructions and funds have cleared.

Disbursement from the Bank Account. 4.1 If Subject to Section 4.3 below, if at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent receives subscription moniesdetermines that the amount in the Fund represents the sale of the Offering Amount, the Escrow Agent shall promptly notify the Issuer and the Joint Bookrunning Manager of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account in accordance with instructions in writing signed by both the Issuer and the Joint Bookrunning Manager as to the disbursement of the Fund, promptly after it receives such instructions and funds have clearedinstructions.

Disbursement from the Bank Account. 4.1 If at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent receives subscription moniesdetermines that the amount in the Escrow Account represents the sale of the Minimum Offering Amount, the Escrow Agent shall promptly notify the Issuer and the Joint Bookrunning Manager of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account in accordance with instructions in writing signed by both the Issuer and the Joint Bookrunning Manager as to the disbursement of the Fund, promptly after it receives such instructions and funds have clearedinstructions.

Disbursement from the Bank Account. 4.1 If at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent receives subscription monieshas received written instructions from the Issuer that all conditions for release of funds have been met for closing of the Offering, the Escrow Agent shall promptly notify the Issuer and the Joint Bookrunning Manager of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account Fund in accordance with written instructions in writing signed by both the Issuer and the Joint Bookrunning Manager as to the disbursement from any one of the Fund, promptly after it receives such instructions and funds have clearedIssuer’s officers.

Disbursement from the Bank Account. 4.1 If at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent receives subscription monieshas received written instructions from the Issuer that all conditions for release of funds have been met for each closing, the Escrow Agent shall promptly notify the Issuer and the Joint Bookrunning Manager of such fact in writing. The Escrow Agent shall promptly disburse the Fund, by drawing checks on the Bank Account Fund in accordance with instructions in writing signed by both the Issuer and the Joint Bookrunning Manager as to the disbursement of the Fund, promptly after it receives such instructions and funds have clearedinstructions.