Release of the Escrowed Proceeds Sample Clauses

Release of the Escrowed Proceeds. ‌ If the Escrow Release Time occurs at or before the Escrow Release Deadline: (i) the Corporation shall be entitled to receive from the Subscription Receipt Agent, the Escrowed Proceeds, less the Escrowed Agents' Commission and any Earned Interest thereon, less the Agents' Expenses incurred after the Closing Date, and (ii) the Joint Bookrunners, on behalf of the Agents, shall be entitled to receive from the Subscription Receipt Agent, the Escrowed Agents' Commission and the Earned Interest thereon in accordance with Section 4.2 of this Agreement and the Agents' Expenses incurred after the Closing Date. The Subscription Receipt Agent shall deliver the funds referred to in this Section 3.2 to the Corporation and the Joint Bookrunners, on behalf of the Agents, (or as directed by the Corporation and the Joint Bookrunners, as applicable) as soon as practicable after the delivery of the Escrow Release Notice referred to in Section 3.1 of this Agreement by wire transfer. Any Escrow Release Notice delivered to the Subscription Receipt Agent must be received by the Subscription Receipt Agent no later than 10:00 a.m. (Toronto time) on the day on which the funds are to be released. Any Escrow Release Notice received by the Subscription Receipt Agent after 10:00 a.m. (Toronto time) or received on a day that is not a Business Day shall, unless the notice is received on the date of the Escrow Release Deadline, be deemed to have been given prior to 10:00 a.m. (Toronto time) on the next Business Day.
Sample 1
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Related to Release of the Escrowed Proceeds

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:

  • Unused Escrow Funds In the event that a Closing does not occur when required under the Contract, or in the event that the Closing does occur but Escrow Funds remain in an account with Escrow Agent, the Escrow Agent shall notify OPWC in writing promptly thereafter. After receipt of such notice, OPWC shall deliver written instructions to Escrow Agent directing Escrow Agent’s release of the Escrow Funds. Immediately upon Escrow Agent’s receipt of such notice from OPWC, Escrow Agent shall release the Escrow Funds, or balance thereof, in accordance with OPWC’s written instructions.

  • Release of Escrow Securities (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • Dealing With Escrow Securities 4.1 Restriction on Transfer, etc.

  • Deposit of Escrow Securities in Escrow (1) You are depositing the securities (escrow securities) listed opposite your name in Schedule “A” with the Escrow Agent to be held in escrow under this Agreement. You will immediately deliver or cause to be delivered to the Escrow Agent any share certificates or other evidence of these securities which you have or which you may later receive.

  • Additional escrow securities If you acquire additional escrow securities, those securities will be added to the securities already in escrow, to increase the number of remaining escrow securities. After that, all of the escrow securities will be released in accordance with the applicable release schedule in the tables above.

  • Escrow Agreement Purchaser and the Escrow Agent shall have executed and delivered the Escrow Agreement.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (000) 000-0000. This does not apply to transactions occurring outside the United States.

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