Funding of Escrow Account. Pursuant to the terms of the Escrow Agreement, on the date hereof, the RDC is granting to the FDC and the FDC is depositing with the Escrow Agent, the sum of Five Hundred Sixty Thousand Dollars ($560,000). Upon receipt of such funds, the Escrow Agent shall deposit all of such funds in the Escrow Account.
Funding of Escrow Account. Agent shall have received evidence satisfactory to Agent that not less than $400,000 in immediately available funds has been deposited into the Escrow Account.
Funding of Escrow Account. At the Closing, pursuant to Section 2.3(c) of the Purchase Agreement, Buyer shall cause an amount of cash equal to $8,848,800 (the “Escrow Amount”, and together with any interest, investment income or proceeds received by the Escrow Agent from the investment thereof from time to time pursuant to Section 4 below, collectively, the “Escrow Property”), to be deposited with the Escrow Agent in immediately available funds and the Escrow Agent agrees to hold the Escrow Property in an account established with the Escrow Agent (the “Escrow Account”), and to administer the Escrow Property in accordance with the terms of this Agreement.
Funding of Escrow Account. Pursuant to the terms of the Escrow Agreement, on the date hereof, the FDC and Developer are each depositing with the Escrow Agent, the sum of Three Hundred Thousand Dollars ($300,000). Upon receipt of such funds, the Escrow Agent shall deposit all of such funds in the Escrow Account.
Funding of Escrow Account. Subject to and on the terms and conditions of this Agreement, at the Closing, Purchaser shall deposit $490,317.18 (the “Escrow Amount”) into the Escrow Account. The deposit made by Purchaser at the Closing shall be by wire transfer of immediately available funds to the Escrow Agent. The Escrow Account, to the extent not set forth in this Agreement, shall be governed by the Escrow Agreement; provided, however, that in the event of any conflict between the terms of this Agreement and the Escrow Agreement, the terms of this Agreement shall control.
Funding of Escrow Account. At the Closing, Buyer shall deliver to the Escrow Agent (a) $10,000,000 (the “Adjustment Escrow Amount”) to be held in the Adjustment Escrow Account and (b) $25,000,000, minus the Escrow Reduction Amount (the “Unclaimed Property Escrow Amount” and, together with the Adjustment Escrow Amount, the “Escrow Amount”) to be held in the Unclaimed Property Escrow Account in accordance with the Escrow Agreement.
Funding of Escrow Account. (A) The Issuer shall deposit, or direct the Trustee to deposit, with the Escrow Agent the sum of $____________ representing a portion of the net proceeds from the sale of the Refunding Bonds in an amount equal to $____________ and funds of the Issuer on hand under the 2005 Indenture in an amount equal to $__________. Upon receipt of such funds, the Escrow Agent shall deposit all of such funds in the Escrow Account, shall invest an amount equal to $____________ in the Government Obligations described in Exhibit A attached hereto (the “Investment Securities”) and shall hold $____ of such funds uninvested in cash.
Funding of Escrow Account. (a) Each Principal Stockholder agrees that, no later than the third (3rd) Business Day following receipt of any letter of transmittal issued to such Principal Stockholder in conjunction with the Merger, it shall cause such letter of transmittal to be completed and returned to the applicable exchange agent in accordance with the instructions provided therein. Further, notwithstanding any provision of the Letter Agreement to the contrary, each Principal Stockholder, other than the Prairie Entities, agrees that, no later than the second (2nd) Business Day following the day on which it receives the Cash Merger Consideration to which it is entitled under the Merger Agreement, it will satisfy its Individual Escrow Obligation by depositing into the Escrow Account the appropriate amount of cash or other immediately available funds.
Funding of Escrow Account. 29 2.6.5 Delivery of PennCorp Shares . . . . . . . 29 2.7 [Reserved] . . . . . . . . . . . . . . . . . . . . 30 2.8 [Reserved] . . . . . . . . . . . . . . . . . . . . 30 2.9
Funding of Escrow Account. At the Closing, pursuant to Section 1.5(b) of the Business Combination Agreement, Parent shall deposit [ ] Holdco Common Shares (the “Escrowed Shares”) into a segregated account established with the Escrow Agent (the “Escrow Account”), and the Escrow Agent agrees to hold the Escrowed Shares as a book position registered in the name of U.S. Bank National Association as Escrow Agent for the benefit of Parent and to administer the Escrow Account in accordance with the terms of this Agreement.
