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.
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.
You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel's letter and the Joint Instruction Letter.
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.
Each of the Parent, the Purchaser and the Company acknowledges and agrees that the Company is hereby authorized and entitled to unilaterally deliver such Joint Instruction Letter to the Escrow Agent immediately and such Joint Instruction Letter shall satisfy the Joint Instruction pursuant to Section 3(a)(ii) of the Escrow Agreement entitling the Company to payment of the Escrow Funds (as defined in the Escrow Agreement) in all respects.
The release of any Escrow Units under this Section 1.3 shall include cash from any dividends, distributions, earnings or other amounts paid or accrued thereon with respect to such Escrow Units in accordance with the Contribution Agreement and as set forth in the applicable Joint Instruction Letter.
On the Execution Date, each of Hess France and ZaZa France shall execute and deliver to the Escrow Agent a joint instruction letter in substantially the form attached hereto as Exhibit D (the “Joint Instruction Letter”) directing the Escrow Agent to deliver to Hess Parent the Hess Payment and to deliver to the Holders (as specified in such Joint Instruction Letter) the balance of the Escrow Fund.
A copy of this Joint Instruction Letter shall be delivered by Escrow Agent to EIN Acquisition Corp., a Florida corporation, ("EIN") and to Cooperative Centrale Raiffeisen-Boerenleenbank B.A., "Rabobank Nederland", New York Branch, for the benefit of itself and Utrecht VIN America Finance Co. (collectively "Lender") and may be relied upon by EIN and Lender as if it had been addressed to them directly.
Capitalized terms used but not defined in this Joint Instruction Letter shall have the meanings ascribed to such terms in the Escrow Agreement.