Common use of Payment Acknowledgement Clause in Contracts

Payment Acknowledgement. (a) The Escrow Agent hereby acknowledges receipt from the Lead Underwriter of a wire transfer of funds in the aggregate amount of $242,450,000, and confirms that such funds have been deposited in a segregated account in the name of the Trust designated as the “StarPoint Energy Trust - Sub. Receipts”, or as otherwise directed by the Trust in writing, and the Escrow Agent will retain such amount in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Canetic Resources Trust)

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Payment Acknowledgement. (a) The Escrow Agent hereby acknowledges receipt from the Lead Underwriter of a wire transfer of funds in the aggregate amount of $242,450,000, 65,800,000 and confirms that such funds have been deposited in a segregated account in the name of the Trust designated as the “StarPoint "Advantage Energy Trust Income Fund - Sub. Receipts", or as otherwise directed by the Trust in writingTrust, and the Escrow Agent will retain such amount in accordance with the terms of this Agreement pending payment release of such amount in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Advantage Energy Income Fund)

Payment Acknowledgement. (a) The Escrow Agent hereby acknowledges receipt from the Lead Underwriter Underwriters of a wire transfer of funds in the aggregate amount of $242,450,000, 160,075,000 and confirms that such funds have been deposited in a segregated account in the name of the Trust designated as the “StarPoint "Paramount Energy Trust - Sub. Receipts", or as otherwise directed by the Trust in writingTrust, and the Escrow Agent will retain such amount in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Paramount Energy Trust

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Payment Acknowledgement. (a) The Escrow Agent hereby acknowledges receipt from the Lead Underwriter of a wire transfer of funds in the aggregate amount of $242,450,000320,400,000, and confirms that such funds have been deposited in a segregated account in the name of the Trust designated as the “StarPoint Energy Trust - Sub. Receipts”, or as otherwise directed by the Trust in writing, and the Escrow Agent will retain such amount in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Canetic Resources Trust)

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