Escrowed Subscription Funds definition

Escrowed Subscription Funds means an amount equal to the aggregate Subscription Price for the Subscription Receipts received on the Closing Date, less the Non-Escrowed Proceeds;
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Escrowed Subscription Funds means the aggregate gross proceeds from the sale of Subscription Receipts pursuant to the Underwriting Agreement and the BCE Subscription Agreement;
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Escrowed Subscription Funds means the aggregate Subscription Price paid by all holders of Rights who elect to purchase shares of Cygnet Common Stock pursuant to the Rights Offering either upon exercise of their Rights and/or the related Over-Subscription Election, but excluding monies payable by Garcxx xx his Affiliates whether upon exercise of their Rights, Over-Subscription Election and/or Standby Purchase Obligation.
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Examples of Escrowed Subscription Funds in a sentence

  • The Subscription Receipt Agent shall retain the Escrowed Subscription Funds for the benefit of the holders of the Subscription Receipts and, upon the delivery of the Escrow Release Notice to the Subscription Receipt Agent (at or before the Escrow Release Deadline), retroactively for the benefit of the Corporation and the Agents in accordance with the provisions of this Agreement.

  • Nothing in this Agreement is intended to preclude the Company from capitalizing Cygnet with cash preliminary to the delivery by the Escrow Agent to Cygnet of the Escrowed Subscription Funds pursuant to Section 3.1 or Cygnet from issuing stock, including common stock, in exchange therefor.

  • If at any time the Escrowed Subscription Funds include cash that is not invested and CGI has not provided directions to the Escrow Agent to invest such cash, the Escrow Agent shall deposit all such uninvested cash in an account, a term deposit or guaranteed investment certificates of a Canadian chartered bank, having either no fixed term or no irrevocable term and which pays interest on the daily balance.

  • Any Escrow Release Notice delivered shall be received by the Escrow Agent no later than 10:00 a.m. (Montreal Time) on the day on which the Escrowed Subscription Funds are to be released.

  • At the Closing, the Escrowed Subscription Funds shall be delivered to the Escrow Agent by wire transfer to be held and invested as provided herein.

  • In the event that the Closing Date does not occur within the time period provided in the Escrow Agreement, the Escrow Agent shall return all Escrowed Subscription Funds to the exercising Rights Holders, without interest.

  • If the Escrow Release Condition is not satisfied prior to the Termination Time, each holder of Subscription Receipts shall be entitled to receive from the Escrowed Subscription Funds the Issue Price per Subscription Receipt held plus their pro rata entitlement to Earned Interest (less any applicable withholding taxes) in accordance with Article 6.

  • Pending disbursement of the Escrowed Subscription Funds, the Escrow Agent shall hold, invest and reinvest such funds on behalf of the Receiptholders or CGI in short-term interest bearing or discount debt obligations issued or guaranteed by the Government of Canada or a province, or a Canadian chartered bank (which may include an affiliate or related party of the Escrow Agent), provided that such obligation is rated at least R1 (middle) by DBRS Inc.

  • The Escrowed Subscription Funds received by the Escrow Agent and any securities or other instruments received by the Escrow Agent upon the investment or reinvestment of such Escrowed Subscription Funds, together with all Earned Interest, shall be received as agent for, and shall be segregated and kept apart by the Escrow Agent as agent for, the Receiptholders pursuant to Article 6 or CGI pursuant to Article 5.

  • The Subscription Receipt Agent shall maintain accurate books, records and accounts of the transactions effected or controlled by the Subscription Receipt Agent hereunder and the receipt, investment, reinvestment and disbursement of the Escrowed Subscription Funds, and shall provide to the Corporation and the Joint Bookrunners records and statements thereof periodically upon written request.


More Definitions of Escrowed Subscription Funds

Escrowed Subscription Funds means an amount equal to the aggregate Subscription Price for the Subscription Receipts issued on the Offering Closing Date, less (i) $13,103,981.17, representing 50% of the Underwriters’ Fee payable to the Underwriters on the Offering Closing Date, (ii) the Escrowed Underwriters’ Fee, and (iii) the Underwriters’ Expenses;
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Escrowed Subscription Funds means the amount of $⚫, being an amount equal to the aggregate Subscription Price for the Subscription Receipts received on the Offering Closing Date, less the Agent's Escrowed Amounts;
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Related to Escrowed Subscription Funds

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Subscription Accounting means an accounting of all subscriptions for Shares received and accepted by Broker as of the date of such accounting, indicating for each subscription the Subscriber’s name, social security number and address, the number and total purchase price of subscribed Securities, the date of receipt by Broker of the Cash Investment Instrument, and notations of any nonpayment of the Cash Investment Instrument submitted with such subscription, any withdrawal of such subscription by the Subscriber, any rejection of such subscription by Broker, or other termination, for whatever reason, of such subscription.

  • Escrowed Proceeds means the proceeds from the offering of any debt securities or other Indebtedness paid into an escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • subscription payments recurring payments” “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Armada Funds entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Levy reduction funds means increases in state funds from

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Subscription Amount means, as to each Purchaser, the aggregate amount to be paid for Shares and Warrants purchased hereunder as specified below such Purchaser’s name on the signature page of this Agreement and next to the heading “Subscription Amount,” in United States dollars and in immediately available funds.

  • Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Minimum Initial Subscription means such greater or lesser amount as may be

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • Subscription Price has the meaning set forth in Section 2.1.

  • Annual Subscription means the subscription paid by a member in accordance with the Registered Clubs Act and being paid either annually or otherwise.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Subscription Fee means the Fees payable by IPTV Operator to ZEEL for availing the signals of Zee Group Channels on a monthly basis and calculated as “ZEEL’s Share of MRP” multiplied by average active subscribers for any given month.