Written Direction. (a) Upon receipt of a Written Direction from Purchaser directing Escrow Agent to release some or all of the Escrow Funds to Purchaser, the Escrow Agent shall promptly remit such amount of Escrow Funds to Purchaser. Escrow Agent need not inquire into or consider (or be required to inquire into or consider) whether a Written Direction complies with the requirements of the SPA (or any other agreement, document or instrument). Escrow Agent shall wire all payments due to Purchaser pursuant to this Section to the account of the Purchaser referenced on Schedule A. All Written Directions shall be given in accordance with Section 21 below provided that Escrow Agent shall be entitled to act on any Written Direction that it receives whether or not the notice was delivered in accordance with Section 21.
(b) Escrow Agent shall disburse some or all of the Escrow Funds within five (5) days after receipt by Escrow Agent of, and as directed in, any order, decree or judgment of a court or arbitrator of competent jurisdiction presented by either the Purchaser or Seller and certified to be final and non-appealable, and directing Escrow Agent to distribute some or all Escrow Funds (a “Certified Non-Appealable Order”). Any Certified Non-Appealable Order shall be accompanied by a legal opinion by counsel for the presenting party satisfactory to Escrow Agent to the effect that the order is final and non-appealable. Escrow Agent shall act on such Certified Non-Appealable Order and legal opinion without further question.
Written Direction. TO: AIR WISCONSIN AIRLINES CORPORATION You are hereby directed to pay all monthly compensation allowable to me and any other benefits stipulated in the Agreement, under conditions which cause direct payment to be impossible, under sections of the Agreement between Air Wisconsin Airlines Corporation and its pilots as represented by the Air Line Pilots Association, then in effect as follows: $ or % per month to (Name and Address) , as long as living, and thereafter to (Name and Address) . The balance, if any, and any amounts accruing after the death of all persons named in the above designations shall be held for me or, in the event of my death before receipt thereof, shall be paid to the legal representative of my estate. The foregoing direction may be modified from time to time by letter addressed to the Company and signed by the undersigned, and any such modification shall become effective upon mailing of such letter by the undersigned. WITNESS: THIS PAGE INTENTIONALLY LEFT BLANK
Written Direction. Upon or within two (2) business days of the receipt of a written direction from Eagle, in the form attached hereto as Exhibit B (“Written Direction”), Escrow Agent shall disburse the Escrow Funds, or a specified amount thereof, to a party or parties in Eagle’s sole discretion. Eagle and Big Muddy expressly acknowledge and agree that Escrow Agent shall be entitled to rely conclusively and without inquiry on a Written Direction. All disbursements to a party or the parties shall be by wire transfer pursuant to the wire instructions contained in such Written Direction. Eagle agrees and acknowledges that such funds disbursed pursuant to a Written Direction shall be used solely in connection with liabilities incurred in connection with the FRCS Litigation.
Written Direction. Custodian shall disburse Funds and transfer Securities, at any time and from time to time, only in accordance with a Direction consistent with the terms of this Agreement.
Written Direction. Escrow Agent shall disburse Escrow Funds in accordance with a Written Direction of Depositor pursuant to paragraphs 4.D., E., F., G., and H. of the Underlying Agreement.
Written Direction. Escrow Agent shall disburse or transfer the funds, at any time and from time to time, in accordance with a Written Direction from the Depositor. Escrow Agent shall distribute the Shares, at any time and from time to time, in accordance with a Written Direction from BICO. In the event that separate Written Directions to disburse funds and distribute Shares are not received by the Escrow Agent within a period of two (2) consecutive business days, the Escrow Agent may request additional Written Directions from both Depositor and BICO, in order to facilitate simultaneous distributions of funds and Shares.
Written Direction. On or prior to the Final Order Date, (i) Vanguard and Xxxxx shall provide to SunTrust, as Trustee for the Series 2001A-1 Bonds, written direction in accordance with the Series 2001A-1 Bond Agreements instructing SunTrust to enter into this Agreement and the settlement and compromise set forth in this Agreement, (ii) Xxxxx and Nuveen shall each provide to HSBC, as Trustee for the Series 2001A-2 Bonds, written direction in accordance with the Series 2001A-2 Bond Agreements instructing HSBC to enter into this Agreement and the settlement and compromise set forth in this Agreement, (iii) Xxxxx shall provide to HSBC, as Trustee for the Series 2001B Bonds and the Series 2001C Bonds, written direction in accordance with the Series 2001B Bond Agreements and the Series 2001C Bond Agreements, respectively, instructing HSBC to enter into this Agreement and the settlement and compromise set forth in this Agreement, and (iv) Xxxxx shall provide to U.S. Bank, as Trustee for the Series 2000A Bonds, written direction in accordance with the Series 2000A Bond Agreements instructing U.S. Bank to enter into this Agreement and the settlement and compromise set forth in this Agreement. Each Holder shall be deemed to have directed each applicable Trustee, by electing Option B as set forth herein in Sections 3(a)(ii), 3(b)(ii) and 3(c)(ii), to distribute monies related to the Bonds otherwise payable to such Holders, to distribute the proceeds of the Note Purchase, and to distribute the Pooling Agreement Assets pursuant to and in order to effectuate the terms of this Agreement.
Written Direction. If a provision of this agreement requires that a communication or document be provided to the Trustee in writing or written form, that requirement may also be satisfied by a facsimile transmission, electronic mail or other electronic transmission of text (including electronic records attached thereto), if the Trustee reasonably believes such communication or document has been signed, sent or presented (as applicable) by any person or entity authorized to act on behalf of the Employer or Plan Administrator. If this agreement requires that a communication or document be signed, an electronic signature satisfies that requirement. Any electronic mail or other electronic transmission of text will be deemed signed by the sender if the sender’s name or electronic address appears as part of, or is transmitted with, the electronic record. The Trustee will not incur any liability to anyone resulting from actions taken in good faith reliance on such communication or document. Nor shall the Trustee incur any liability in executing instructions from any person or entity authorized to act on behalf of the Employer or Plan Administrator prior to receipt by it of notice of the revocation of the written authority of such person or entity.
