Joint Instruction Letter definition
Examples of Joint Instruction Letter in a sentence
This Joint Instruction Letter is delivered to LandAmerica Financial Group as Escrow Agent under the Purchase and Sale Agreement and under the Subscription Agreement (in such capacity, referred to in herein as "Escrow Agent") pursuant to Section 7.8 of the Purchase and Sale Agreement and Section 7.8 of the Subscription Agreement and, once delivered by the parties hereto, shall be irrevocable in all respects.
A copy of this Joint Instruction Letter shall be delivered by Escrow Agent to EIN Acquisition Corp., a Florida corporation, ("EIN") and to Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., "Rabobank Nederland", New York Branch, for the benefit of itself and Utrecht-America Finance Co. (collectively "Lender") and may be relied upon by EIN and Lender as if it had been addressed to them directly.
Seller and Buyer shall execute and deliver to the Escrow Agent each Joint Instruction Letter contemplated by this Section 9.9 directing the Escrow Agent to release to Seller that portion of the Escrow Funds to which Seller is entitled pursuant to this Section 9.9.
On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company and the Representative shall deliver to you joint written instructions with respect to the transfer of the funds held in the Trust Account (the "Joint Instruction Letter") including such instructions as may be necessary to ensure compliance with Section 11-51-302(6) of the Colorado Revised Statutes.
The Parties agree that any payment that the Escrow Agent is instructed to make from the Escrow Property pursuant to this Escrow Agreement shall be the lesser of (i) the stated payment amount and (ii) the balance of the Escrow Property, as applicable, and shall be disbursed as set forth in the Joint Instruction Letter delivered by the Parties.