Deposit of Proceeds. Subject to Section 4(b), any interest, cash dividends or other cash distributions received in respect of any Investments and the net proceeds of any sale or payment of any Investments shall be promptly credited to, and held for the credit of the Reserve Account, and any distribution of property other than cash in respect of any Investment shall be credited to, and held for the credit of, the Reserve Account.
Deposit of Proceeds. All proceeds from sales of Units in the Offering shall be delivered by EKAE to the Escrow Agent, within forty-eight hours of the receipt thereof from investors, endorsed (if appropriate) to the order of the Escrow Agent, together with an appropriate written statement setting forth name, address and social security number of each person purchasing Units, the number of Units purchased, and the amount paid by each such purchaser. Any such proceeds deposited with the Escrow Agent in the form of uncollected checks shall be promptly presented by the Escrow Agent for collection through customary banking and clearing house facilities. As the proceeds of each sale are deposited with the Escrow Agent, EKAE shall reserve the number of Units confirmed to the purchaser thereof in connection with such sale. All such deposited proceeds are referred to herein as the "Escrow Funds".
Deposit of Proceeds. All proceeds from sales of Units in the Offering shall be delivered by the Company to the Escrow Agent, within forty-eight hours of the receipt thereof from investors, endorsed (if appropriate) to the order of the Escrow Agent, together with an appropriate written statement setting forth the name, address and social security number/taxpayer identification number of each person or entity purchasing Units, the number of Units purchased, and the amount paid by each such purchaser. Any such proceeds deposited with the Escrow Agent in the form of uncollected checks shall be promptly presented by the Escrow Agent for collection through customary banking and clearing house facilities. As the proceeds of each sale are deposited with the Escrow Agent, the Company shall reserve the number of Units confirmed to the purchaser thereof in connection with such sale. All such deposited proceeds are referred to herein as the “Escrow Funds.”
Deposit of Proceeds. If the cost of any Restoration, determined as provided in Section 8.04(b), exceeds both (i) Two Million Dollars ($2,000,000) (as such amount shall be increased as provided in Section 8.05(a)) and (ii) the Restoration Funds, after all required payments to Mortgagees are made, then, prior to the commencement of such Restoration, Tenant shall deposit with Depository, as security for completion of the Restoration, a bond, cash or other security reasonably satisfactory to Landlord in the amount of such excess, to be held and applied by Depository in accordance with the provisions of Section 8.04; provided however, that if Tenant has made arrangements for additional financing from a Mortgagee for portions of the cost of the Restoration then such portion of the Restoration costs expected to be advanced by the Mortgagee for such purpose need not be deposited with the Depository, and the new Mortgagee may act as the Depository with respect to disbursement of the insurance proceeds then available.
Deposit of Proceeds. All proceeds from sales of Units in the Offering shall be delivered by Highwater Ethanol to the Escrow Agent, within forty-eight hours of the receipt thereof from investors, endorsed (if appropriate) to the order of the Escrow Agent, together with an appropriate written statement setting forth name, address and social security number of each person purchasing Units, the number of Units purchased, and the amount paid by each such purchaser. Any such proceeds deposited with the Escrow Agent in the form of uncollected checks shall be promptly presented by the Escrow Agent for collection through customary banking and clearing house facilities. As the proceeds of each sale are deposited with the Escrow Agent, Highwater Ethanol shall reserve the number of Units confirmed to the purchaser thereof in connection with such sale. All such deposited proceeds are referred to herein as the “Escrow Funds”.
Deposit of Proceeds. The Company agrees to deliver to the Escrow Agent, immediately upon receipt thereof, all proceeds from the sale of the first 400,000 Shares sold in the Public Offering at the offering price of $0.50 per Share (a total of up to $200,000), together with a written account of each sale. The written account shall set forth, among other things, the names and addresses of the purchasers, the number of Shares purchased by each, the amount paid therefor, and whether the consideration received was in the form of cash or evidenced by a check.
Deposit of Proceeds. In recognition of the fact that MidSouth will ------------------- have purchased all of the Practice's Private Receivables and to facilitate repayment of the Government Advances, the Practice agrees, within __ days of the date of this Agreement, to deliver a letter, in the form as attached hereto as Exhibit 6.2(b)-1 and Exhibit 6.2(b)-2 to all payors under the Private ---------------- ---------------- Receivables and the Government Receivables, respectively (the "Payor Instruction ----------------- Letter"). The Payor Instruction Letters shall (i) direct payments on Private ------ Receivables to Post Office Box __________ (the "MidSouth Lockbox"), which ---------------- lockbox shall be opened by the Depository Bank and all proceeds of Private Receivables therein contained shall be deposited by the Depository Bank into the Lockbox Account, and (ii) direct payments on Governmental Receivables to Post Office Box __________ (the "Practice Lockbox"), which lockbox shall be opened by ---------------- the Depository Bank and all proceeds of Government Receivables therein contained shall be deposited by the Depository Bank into the Sweeping Account. The depository agreement for the Sweeping Account shall provide (i) that the Depository Bank shall deposit all checks or other forms of payment received in the Practice Lockbox into the Sweeping Account, and (ii) that the account balance in the Sweeping Account shall be "swept" daily into the Lockbox Account. Prior to the effective date of the instructions contained in the Payor Instruction Letters, and to the extent that the Practice receives any payments with respect to its Accounts Receivable and contrary to the terms of any Payor Instruction Letter, the Practice agrees to deposit all such payments received by the Practice as follows:
(i) payments received on Governmental Receivables shall be deposited into Account No. _________ (the "Sweeping Account") maintained by the ---------------- Practice at ___________ (the "Depository Bank"), which such account --------------- shall be "swept" daily into the Lockbox Account.
(ii) payments received on Private Receivables shall be deposited into Account No. _________ maintained by MidSouth at Depository Bank (the "Lockbox Account"). --------------- All amounts received by MidSouth as provided above that are proceeds of Private Receivables shall be owned by MidSouth. All amounts received by MidSouth as provided above that are proceeds of Governmental Receivables shall be app...
Deposit of Proceeds. (a) Prior to the payment of the Guaranteed Amount Deposit, all Proceeds of the Sale, to the extent elected by Agent, proceeds from the sale of Owned FF&E, and proceeds of Additional Goods (including credit card proceeds) shall be collected and deposited on a daily basis into depository accounts designated by the Merchant for the Stores, which accounts shall be designated solely for the deposit of Proceeds of the Sale, proceeds from the sale of Owned FF&E, and proceeds of Additional Goods (including credit card proceeds), and the disbursement of amounts as provided herein (the “Designated Deposit Accounts”). The Designated Deposit Accounts shall be dedicated solely to the deposit of such proceeds and the disbursement of amounts payable hereunder, and Merchant shall exercise sole signatory authority and control with respect to the Designated Deposit Accounts. Upon request, Merchant shall deliver to Agent and Lender Agent copies of all bank statements and other information relating to the Designated Deposit Accounts. From the Sale Commencement Date through the Payment Date, Proceeds in the Designated Deposit Accounts shall be disbursed, on a weekly basis, as follows: (i) first, to reimburse for Expenses paid during the previous week; (ii) second, to the Lender Agent, until the Guaranteed Amount is paid in full; (iii) third, to the Agent, until the Agent’s Fee is paid in full; (iv) fourth, to the Merchant, in payment of the Recovery Amount, and (v) fifth, to the Agent, the remainder.
(b) Following the payment of the Guaranteed Amount Deposit, within twenty (21) days after the Sale Commencement Date, with respect to cash transactions and credit card transactions (as and where applicable the “Merchant Account Usage Period”), Agent shall use its best efforts to establish its own accounts (the”Agency Accounts”) , dedicated solely for the deposit of the Proceeds and the disbursement of amounts payable to Agent hereunder, which accounts may be the Designated Merchant Accounts (as defined herein) and Merchant shall promptly upon Agent's request execute and deliver all necessary documents to open and maintain the Agency Accounts; provided, however, in the event that Agent establishes a reasonable business justification therefore, Merchant and Lender Agent shall consent to an appropriate extension of the Merchant Account Usage Period. Agent shall exercise sole signatory authority and control with respect to the Agency Accounts; provided, however, upon request, Agent sh...
Deposit of Proceeds. All proceeds from subscriptions for Units in the Offering shall be delivered by the Company to the Escrow Agent, within forty-eight hours of the receipt thereof from Subscribers, endorsed (if appropriate) to the order of the Escrow Agent, together with an appropriate written statement setting forth the name, address and social security number/taxpayer identification number of each person or entity subscribing for Units, the number of Units subscribed for, and the amount paid by each such Subscriber. Any such proceeds deposited with the Escrow Agent in the form of uncollected checks shall be promptly presented by the Escrow Agent for collection through customary banking and clearing house facilities. As the proceeds of each sale are deposited with the Escrow Agent, the Company shall reserve the number of Units confirmed to the Subscriber thereof in connection with such subscription. All such deposited proceeds are referred to herein as the "Escrow Funds."
Deposit of Proceeds. All proceeds from subscriptions in the Offering shall be delivered by the Company to the Escrow Agent, within forty-eight hours of receipt, endorsed (if appropriate) to the order of the Escrow Agent, together with an appropriate written statement setting forth the name, address and social security number of each person subscribing for Units, the number of Units subscribed for, and the amount paid by each such subscriber. Any such proceeds deposited with the Escrow Agent in the form of uncollected checks shall be promptly presented by the Escrow Agent for collection through customary banking and clearing house facilities.
