Verification, Submission and Payment from Pledged Revenue on Deposit with the Escrow Agent Sample Clauses

Verification, Submission and Payment from Pledged Revenue on Deposit with the Escrow Agent. To the extent that no District Bonds have been issued, Eligible Costs may be paid from Pledged Revenue on deposit with the Escrow Agent in accordance with Section 4.8. In such event, each such payment request shall be submitted to the District Representative and the Escrow Agent for review within ten (10) business days. In the case of Pre-Financing Costs, such payment request shall include supporting documentation verifying that the Developer or District, as the case may be, has incurred such Pre-Financing Costs. Such review is for the purpose of verifying that the work or Pre-Financing Costs represented in each payment request and supporting documentation complies with the requirements of this Agreement. Upon the earlier of approval of such documentation or expiration of the ten (10) business day period, the Escrow Agent will allocate the Eligible Costs applicable to the Eligible Improvements according to the category for each listed in Exhibit C and compile an aggregate running total of Eligible Costs paid from Pledged Revenue to the District or to the Developer as provided in this Agreement. So long as the payment request is properly certified according to this procedure, payment will be made within twenty (20) days of submission of the payment request. To the extent that no District Bonds have been issued, Town Costs may be paid from Pledged Revenue on deposit with the Escrow Agent in accordance with Section 4.8. In the case of Town Costs, the Town Representative may submit a request for the payment of Town Costs to the District Representative and the Escrow Agent for review within ten (10) business days. Such payment request shall include supporting documentation verifying that the Town has submitted the required supporting documentation. Upon the earlier of approval of such documentation or expiration of the ten (10) business day period, the Escrow Agent will pay or reimburse the Town for Town Costs from Pledged Revenue on deposit with the Escrow Agent. Notwithstanding the foregoing provisions, the Parties acknowledge and agree that Pledged Revenue on deposit with the Escrow Agent may be insufficient to make the payments or reimbursements permitted by Section 4.8 and this Exhibit C. In the event that there are insufficient Pledged Revenue to make such payments or reimbursements that have been requested by the Developer, the District, or the Town, this shall not constitute an event of default under this Agreement any such payments or reimbursements sh...
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Related to Verification, Submission and Payment from Pledged Revenue on Deposit with the Escrow Agent

  • Successor to Escrow Agent Any corporation with which the Escrow Agent may be amalgamated, merged or consolidated, or any corporation succeeding to the business of the Escrow Agent will be the successor of the Escrow Agent under this Agreement without any further act on its part or on the part or any of the Parties, provided that the successor is recognized as a transfer agent by the Canadian exchange the Issuer is listed on (or if the Issuer is not listed on a Canadian exchange, by any Canadian exchange) and notice is given to the securities regulators with jurisdiction. The Parties have executed and delivered this Agreement as of the date set out above. ODYSSEY TRUST COMPANY (signed) "Xxxx Xxxxxx" Authorized signatory (signed) "Xxxxxx Xxxxxx" Authorized signatory BIOVAXYS TECHNOLOGY CORP. (signed) "Xxxxx Xxxxxx" Authorized signatory Signed, sealed and delivered by ) XXXXXX XXXXXXX in the presence of: ) ) ) Signature of Witness ) (signed) "Xxxxxx Xxxxxxx" ) XXXXXX XXXXXXX ) Name of Witness ) ) Signed, sealed and delivered by ) XXXXX XXXXXX in the presence of: ) ) ) Signature of Witness ) (signed) "Xxxxx Xxxxxx" ) XXXXX XXXXXX ) Name of Witness ) Signed, sealed and delivered by ) XXXXX XXXX in the presence of: ) ) ) Signature of Witness ) (signed) "Xxxxx Xxxx" ) XXXXX XXXX ) Name of Witness ) ) Signed, sealed and delivered by ) XXXXXXX XXXXX in the presence of: ) ) ) Signature of Witness ) (signed) "Xxxxxxx Xxxxx" ) XXXXXXX XXXXX ) Name of Witness ) Signed, sealed and delivered by ) XXXXXXX XXXXXX in the presence of: ) ) ) Signature of Witness ) (signed) "Xxxxxxx Xxxxxx" ) XXXXXXX XXXXXX ) Name of Witness ) ) Schedule “A” to Escrow Agreement Securityholder Class or description Number Certificate(s) (if applicable) Common Shares 242,303 Options 62,400 Name: Xxxxxx Xxxxxxx Securities: Securityholder Class or description Number Certificate(s) (if applicable) Common Shares 12,417,333 Name: Xxxxx Xxxxxx Securities: Securityholder Class or description Number Certificate(s) (if applicable) Common Shares 4,696,067 Name: Xxxxx Xxxx Securities: Securityholder Class or description Number Certificate(s) (if applicable) Common Shares 6,037,800 Name: Xxxxxxx Xxxxx Securities: Securityholder Class or description Number Certificate(s) (if applicable) Options 32,448 Name: Xxxxxxx Xxxxxx Securities: Schedule “B” to Escrow Agreement Acknowledgment and Agreement to be Bound I acknowledge that the securities listed in the attached Schedule “A” (the “escrow securities”) have been or will be transferred to me and that the escrow securities are subject to an Escrow Agreement dated _ (the “Escrow Agreement”). For other good and valuable consideration, I agree to be bound by the Escrow Agreement in respect of the escrow securities, as if I were an original signatory to the Escrow Agreement. Dated at on . Where the transferee is an individual: Signed, sealed and delivered by ) [Transferee] in the presence of: ) ) ) Signature of Witness ) ) _ ) [Transferee] ) Name of Witness ) ) Where the transferee is not an individual: [Transferee] _ Authorized signatory _

  • Direction to Escrow Agent The Issuer and the Securityholders direct the Escrow Agent to hold the escrow securities in escrow until they are released from escrow under this Agreement.

  • Escrow Agent Not Responsible for Furnished Information The Escrow Agent will have no responsibility for seeking, obtaining, compiling, preparing or determining the accuracy of any information or document, including the representative capacity in which a party purports to act, that the Escrow Agent receives as a condition to a release from escrow or a transfer of escrow securities within escrow under this Agreement.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Verification of Deposits 7.1. Within twenty-­‐four (24) hours after receiving each Deposit or corrected Deposit, Escrow Agent must verify the format and completeness of each Deposit and deliver to ICANN a notification generated for each Deposit. Reports will be delivered electronically using the API described in draft-­‐xxxxxx-­‐icann-­‐registry-­‐interfaces, see Part A, Section 9, reference 5 of this Specification.

  • Release of Escrow Securities to Depositary The Escrow Agent will release from escrow the tendered escrow securities when the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that:

  • SUBMISSION OF THE MONTHLY MI REPORT 4.1 The completed MI Report shall be completed electronically and returned to the Authority by uploading the electronic MI Report computer file to MISO in accordance with the instructions provided in MISO.

  • Program Requirements Provided At No Charge to the Judicial Council A. The Contractor shall provide the following items during the Program at no charge to the Judicial Council:

  • Additional Procedures Applicable to High Value Accounts 1. If a Preexisting Individual Account is a High Value Account as of December 31, 2013, the Reporting [FATCA Partner] Financial Institution must complete the enhanced review procedures described in paragraph D of this section with respect to such account by December 31, 2014. If based on this review, such account is identified as a U.S. Reportable Account, the Reporting [FATCA Partner] Financial Institution must report the required information about such account with respect to 2013 and 2014 in the first report on the Account. For all subsequent years, information about the account should be reported on an annual basis.

  • Invoicing for Charges Against the Judicial Council’s Master Account A. The Contractor shall establish a Master Account for the Judicial Council’s charges provided for under the exhibits of this Agreement.

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