Form of Disbursement. Except as provided in Section 5(a) of this Agreement, if cash is held in the Escrow Account, a Party entitled to a disbursement may elect to receive the disbursement either in the form of (x) Alpha Shares (valued in the manner set forth in the applicable section of this Agreement) or (y) cash equal to the number of Alpha Shares required to be disbursed multiplied by the Closing Price as of the applicable date of determination, assuming in either case that there are sufficient Alpha Shares or cash in the Escrow Account to facilitate such request. If cash is disbursed from the Escrow Account with respect to a Claim for Indemnification of an Alpha Party, such cash shall be disbursed to the Alpha Party suffering such Adverse Consequences as may be specified by the Alpha Parties in writing to the Escrow Agent.
Form of Disbursement. County loan funds will be disbursed in the form of a check. Said check will be issued to architect on the Borrower’s behalf. County will disburse all funds.
Form of Disbursement. The value agreed between the parties will be disbursed as follows: The School of Medicine of the Universidad Nacional de Colombia (Bogotá) will compile the financial reporting including scanned copies of all receipts and send to the Institute of Geography, University of Bern, while retaining the original copies. Upon successful completion of the above-mentioned activities and financial reporting, the payment of the remaining 20% of the budget (1140 CHF) will be performed. The two transfers can be summarized as follows:
Form of Disbursement. To be drawn in tranches / according to the attached schedule
