Funds in Escrow. A minimum of $50,000,000 shall be in an escrow account at Sterling Bank in connection with the Financing.
Funds in Escrow. FGH shall have made arrangements for payment of (1) the costs and expenses incurred by Pacific in connection with this Agreement and the transactions contemplated hereby and (2) the amounts payable by Pacific set forth in a letter provided by Pacific to FGH on the date hereof, in each instance in accordance with Section 6.2. Such arrangements shall include, at FGH’s discretion, placement of the sum of $100,000 (less the $25,000 previously paid pursuant to a letter of intent) into either (i) escrow in the client trust account for Xxxxxx & Xxxxx, L.L.P. or (ii) an account to be designated by Pacific, with disbursement of funds from any such account (contemporaneously with Closing) to be made in either case upon written authorization, at Closing, from the Chief Executive Officer of FGH.
Funds in Escrow. A minimum of Two Million Five Hundred Thousand Dollars ($2,500,000) shall be in an escrow account at JP Morgan Chase, or another bank, subject to an escrow agreement which xxxxxxxx xxxx funds to the post-Transaction AMI, for use as dictated by that certain Term Sheet dated April 15, 2002, upon the Closing of the Transaction contemplated by this Agreement.
Funds in Escrow. Unless the City elects to terminate this Agreement pursuant to Section 16A.i. below, the Parties shall establish a strict joint order escrow account, and the City shall deposit into said account an amount of money equal to the Fair Market Value of the Western Park Site within thirty (30) days of IDNR’s certification of same pursuant to Section 2 above, or such other length of time as may be mutually agreed upon by the Parties. The Parties agree that such escrowed monies are held for the benefit of the Park District to use in connection with the Park District’s acquisition of Replacement Park Property following the IDNR conversion process related to Golden Xxxxxxx Park and the Stormwater Sites.
Funds in Escrow. 34 6.3.4 Receipt of Order to Cancel . . . . . . . . . . . . . . . . . . 34 6.3.5 Performance of Obligations of SLW. . . . . . . . . . . . . . . 34 6.3.6
Funds in Escrow. SLW shall have in escrow $1,200,000.00 raised in connection with the offering of SLW Common Stock to accredited investors through the PPO, as defined in Section 2.2.2.
Funds in Escrow. On the forty-five (45) day anniversary of the Effective Date, the Lender shall review and determine, in its sole and absolute discretion, if the Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000) of the Revolving Loan Commitment held in Lender’s escrow on the Effective Date shall be released by the Lender to the Borrower in accordance with the terms of this Agreement.
Funds in Escrow. Halo shall have made arrangements for payment of (1) the costs and expenses incurred by GVC in connection with this Agreement and the transactions contemplated hereby and (2) the amounts payable by GVC set forth in a letter provided by GVC to Halo on the date hereof, in each instance in accordance with Section 6.2. Such arrangements shall include, at Halo’s discretion, placement of the sum of $250,000 into either (i) escrow in the client trust account for Sxxxxx & Stone, L.L.P. or (ii) an account to be designated by GVC, with disbursement of funds from any such account (contemporaneously with Closing) to be made in either case upon written authorization from the Chief Executive Officer of Halo.
Funds in Escrow. All funds received in the Escrow shall be deposited by the Escrow Holder in a general escrow account with any state or national bank doing business in the State of California and reasonably approved by the Executive Director and Developer, and such funds may be combined with other escrow funds of the Escrow Holder. All disbursements shall be made on the basis of a thirty (30) day month.
