Initial Escrowed Funds definition

Initial Escrowed Funds means an amount equal to the aggregate Issue Price received from the issue of the Special Warrants.
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Initial Escrowed Funds has the meaning set forth in the recitals hereto.
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Initial Escrowed Funds means an amount equal to the gross proceeds received from the Offering and the Non- Brokered Offering, less: (i) the Initial Expenses; (ii) an amount equal to not more than 3% of the gross proceeds of the Offering and the Non-Brokered Offering, and (iii) 50% of the Agents’ Commission;
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Examples of Initial Escrowed Funds in a sentence

  • The Company will deposit or cause to be deposited the Initial Escrowed Funds with the Trustee forthwith upon receipt thereof and the Trustee will accept and hold the Escrowed Funds in escrow for and on behalf of the persons who have an interest therein pursuant hereto, will disburse and deal with the Escrowed Funds in the manner contemplated by this Article 6 and at all times will keep the Escrowed Funds in a segregated account, all on the terms and subject to the conditions hereof.

  • The Trustee will acknowledge receipt from the Company of the Initial Escrowed Funds by providing a written receipt and the Trustee hereby confirms that such funds will, upon receipt, be deposited in a segregated account in the name of the Company designated as “CIBC Mellon Trust Company in trust for Ivanhoe Energy Inc.

  • The Escrow Agent shall promptly (and in any event within two Business Days) provide Buyer and Seller with written notice upon its respective receipt of each of the Initial Escrowed Funds and MCE Escrowed Funds.

  • The Escrow Agent shall promptly (and in any event within two Business Days) provide Buyer and Seller with written notice upon its respective receipt of each of the Initial Escrowed Funds, Initial Escrowed Shares, MCE Escrowed Funds and MCE Escrowed Shares.

  • Any release of or payments from the Escrow Fund shall be made in the same combination of Escrowed Shares and Escrowed Cash as the ratio of the Initial Escrowed Shares and the Initial Escrowed Cash in the Initial Escrowed Funds; provided, however, that if the Escrowed Shares are substituted with cash in accordance with Section 4.d below, the combination of Escrowed Shares and Escrowed Cash shall be determined by the Stockholder Representative in its sole and absolute discretion.

  • The Corporation shall deposit or cause to be deposited the Initial Escrowed Funds with the Trustee forthwith upon receipt and the Trustee shall accept and hold the Escrowed Funds in escrow for and on behalf of the persons who have an interest therein pursuant hereto, shall disburse and deal with the Escrowed Funds in the manner contemplated by this Article VI and at all times shall keep the Escrowed Funds in a segregated account, all on the terms and subject to the conditions hereof.

  • The Escrow Agent hereby accepts such appointment and, upon receipt of the Initial Escrowed Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Fund in accordance with this Agreement.


More Definitions of Initial Escrowed Funds

Initial Escrowed Funds means an amount equal to the aggregate Issue Price received from the issue of the Subscription Receipts;
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Initial Escrowed Funds means an amount equal to the aggregate Exercise Price received from the issue of the Subscription Receipts;
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Initial Escrowed Funds means an amount equal to the gross proceeds received from the sale of the Subscription Receipts less the Closing Deducted Amounts;
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Related to Initial Escrowed Funds

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

  • Escrow Deposit has the meaning set forth in Section 3.3.

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Escrow Cash is defined in Section 4.1(a).

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

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

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

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

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

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

  • Indemnity Escrow Amount means $5,000,000.

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

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

  • Escrowed Proceeds shall include any interest earned on the amounts held in escrow.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Adjustment Escrow Amount means $1,000,000.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.