Time of Execution Clause Samples
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Time of Execution. In the event that the Corporation and Golden Minerals execute this Agreement prior to the execution hereof by the Escrow Agent, this Agreement shall, in such circumstances, be legal, valid, binding and enforceable as between the Corporation and Golden Minerals, provided that notwithstanding anything herein to the contrary, the Corporation and Golden Minerals agree that (i) no Disbursement Request shall be permitted to be made or made by the Corporation hereunder until the Escrow Agent executes this Agreement, and (ii) the Original Escrowed Funds shall not be funded by Golden Minerals to the Escrow Agent until the Escrow Agent executes this Agreement (whereupon the Original Escrowed Funds shall be promptly delivered by Golden Minerals to the Escrow Agent). TO WITNESS their agreement, the Corporation, Golden Minerals and the Escrow Agent have duly executed this Escrow Agreement under their respective hands and seals on the date first above written. Per: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Chief Financial Officer I have authority to bind the Corporation Per: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Senior Vice President and Chief Financial Officer I have authority to bind the Corporation Per: /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Corporate Trust Officer Per: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Title: Associate Trust Officer Permitted uses (the “Permitted Uses”) of Escrowed Funds shall include the following costs and expenses of the Corporation:
1. expenses associated with development, exploration, operating and general and administrative costs (including base salaries and employee benefits) relating to the development and operating activities at the Velardeña Property;
2. general and administrative expenses, including base salaries, employee benefits and the various expenses incurred in connection with the transactions contemplated by the Arrangement Agreement;
3. regularly scheduled principal and interest payments on arm’s length indebtedness existing at the date of the Notes issuance; and
Time of Execution. Upon acceptance of the project by HUD, the Contract shall be executed first by the Owner and then by HUD.
Time of Execution. This Agreement has been executed as of the date first written above after 5:00 p.m. Eastern Standard Time.
Time of Execution. 3.1 Bank will execute each authenticated wire transfer that is in conformity with all security procedures, cut-off times and other requirements set forth herein, on the Business Day received, or on the Business Day requested by Customer if the wire transfer is future- dated. Bank may require additional authentication of any wire transfer request. Bank reserves the right to reject a wire transfer request that cannot be properly authenticated. Cut-off times may be established and changed by Bank from time to time. Instructions for wire transfers received after such cut-off times may be treated by Bank for all purposes as having been received on the following Business Day.
3.2 Except for future-dated wire transfers, domestic wire transfers (U.S.-based receivers) initiated and approved by Bank’s cut-off time on a Business Day will be processed that same day if that day is also a Business Day for Bank’s correspondent facility and the recipient bank; wire transfers initiated and approved after Bank’s cut-off time for domestic wire transfers will be processed the next Business Day if that day is also a Business Day for Bank’s correspondent facility and the recipient bank. Future-dated domestic wire transfers will be initiated on the effective date requested by Customer, not on the date Customer entered the transaction using the Services.
3.3 Bank may handle wire transfers received from Customer in any order convenient to Bank, regardless of the order in which they are received.
Time of Execution. Upon the terms and subject to the satisfaction of the conditions contained in Article VI of this Agreement, the execution of the Transaction Agreement (the “Bid Execution”) shall take place on the third Business Day following the date on which the conditions set forth in Article VI have been satisfied or waived, or at such other time as the Parties may agree. The Department shall deliver to Participant and Participant shall deliver to the Department a counterpart of the Transaction Agreement and each ancillary agreement thereto (as specified in the Transaction Agreement), duly executed by ▇▇▇▇▇▇ ▇▇▇▇▇▇ and Participant, respectively (other than any ancillary agreement not required to be executed by one or both Parties at the time of execution of the Transaction Agreement). The date on which the Bid Execution occurs is referred to herein as the “Bid Execution Date”.
Time of Execution. Unless otherwise provided, the AGREEMENT shall be considered executed when:
A. The Office of the City Attorney has indicated in writing of its approval of the AGREEMENT as to form; and
B. Said AGREEMENT has been approved by the CITY’s Council, BOARD, officer, or employee authorized to give such approval; and
C. Said AGREEMENT has been signed on behalf of the CONCESSIONAIRE by the person or persons authorized to bind the CONCESSIONAIRE hereto; and
D. Said AGREEMENT has been signed on behalf of the CITY by the person or persons authorized and designated to so sign by the CITY’s Council, Board, officer, or employee authorized to enter into the AGREEMENT.
Time of Execution. After receipt of an Outbound Payment Order, PingPong shall ensure that the amount of the Outbound Payment is credited to the payee's bank or payment service provider’s account at the latest by the end of the next Business Day.