Joint Direction definition

Joint Direction means a joint written instruction of Purchaser and Seller instructing the Escrow Agent to make a payment out of the Escrow Account.

Joint Direction means joint written instructions of Parent and the Equityholder Representative instructing the Escrow Agent to make a payment out of the Adjustment Escrow Account.

Joint Direction means a written direction relating to (i) a Notice of Claim, (ii) the investment of the Escrow Fund or, (iii) removal of the Escrow Agent in accordance with Section 5.8 hereof, in each case executed by Elekom and SFI, and delivered to the Escrow Agent in the manner set forth in Section 7 hereof.

Examples of Joint Direction in a sentence

• If this transaction is not consummated by Buyer on such date for any other reason, the Performance Deposit shall be disbursed by Escrow Agent to Seller as agreed liquidated damages and not as a penalty, it being agreed that actual damages would be difficult to ascertain and that such amount is reasonable, and Buyer and Seller shall promptly (and in no event later than two (2) calendar days) execute a Joint Direction to authorize such disbursement.

• Prior to any disbursement by Escrow Agent of the Performance Deposit, the Parties shall provide to the Escrow Agent a Joint Direction instructing the Escrow Agent to disburse to the appropriate Party.

• If at any time, or from time to time, prior to, or on the Escrow Termination Date, the Escrow Agent receives a Joint Direction regarding a Notice of Claim, the Escrow Agent shall comply with such Joint Direction.

• If the Party to whom such funds are to be paid has not provided the Escrow Agent with wiring instructions, then the Escrow Agent shall disburse the funds in compliance with the terms of such Joint Direction or Court Direction along with detailed payment instructions from the Party to whom Escrow Funds will be released.

• Notwithstanding any provision herein to the contrary, if Escrow Agent shall receive a Joint Direction, then Escrow Agent shall act in accordance with such Joint Direction.

More Definitions of Joint Direction

Joint Direction has the meaning ascribed to it in Section 9.7(a)(i).

Joint Direction means joint written instructions of Buyer and the Sellers’ Representative instructing the Escrow Agent to make a payment out of the Adjustment Holdback Account.

Joint Direction means the joint written instructions of Buyer and Seller, duly executed and delivered to the Escrow Agent.

Joint Direction has the meaning set forth in Section 1.3(f)(i)(2) hereof.

Joint Direction means the joint written instructions of Buyer and Sellers Representative, duly executed and delivered to the Escrow Agent.

Joint Direction means a written direction signed by Xxxxxx and Borrower directing the Escrow Agent to release the Escrow Funds.

Joint Direction means a written direction addressed to the Escrow Agent and executed by an Authorized Representative of each of AMS and SO , upon receipt of which the Escrow Agent shall comply without further inquiry of any kind.