Minimum Dollar Amount definition
Examples of Minimum Dollar Amount in a sentence
Upon receipt of the Minimum Dollar Amount, the Escrow Agent shall have a lien upon the Fund to the extent of its fees for services as Escrow Agent.
In the event that cleared funds exceed the Minimum Dollar Amount, the Issuer may close on such excess funds when it closes on the Minimum Dollar Amount or opt to close on such excess funds at a later date or dates.
If at the close of business on the last day of the Collection Period an amount sufficient to raise the amount in the Fund to the Minimum Dollar Amount shall not have cleared the banking system, the Escrow Agent shall promptly notify the Issuer in writing of such fact and shall promptly return all amounts then in the Fund, and any amounts which thereafter clear the banking system, to the Escrow Subscriber as provided in Section 4.1 hereof.
Account Aggregate dollar amount which must be collected before the Escrow Account may be disbursed to the Issuer ("Minimum Dollar Amount"): $50,000.00.
Account Aggregate dollar amount which must be collected before the Escrow Account may be disbursed to the Issuer ("Minimum Dollar Amount"): $30,000.00.
If the Minimum Dollar Amount is not reached by the Termination Date, the Escrow Agent shall return the deposits as directed in written instructions signed by Placement Agent and the Issuer.
Notwithstanding the foregoing and subject to Section 4.3, if, at the Termination Date of the Offering Period, the Fund (a) shall be less than the Minimum Dollar Amount, or (b) shall represent the sale of less than the Minimum Share Amount, the Escrow Agent shall promptly refund to each prospective purchaser the amount of payment received from such purchaser which is then held in the Escrow Account, together with any investment income received thereon.
Subject to Section 4.3 below, if at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent determines that the amount in the Fund is at least equal to the Minimum Dollar Amount and represents the sale of not less than the Minimum Securities Amount, the Escrow Agent shall promptly notify the Issuer of such fact in writing.
Deductible Percentage Minimum Dollar Amount Maximum Dollar Amount The deductible amount indicated will be applied separately to each Mobile Home and each Personal Property claim.
For purposes of determining whether the amount constituting the Fund is greater than the Minimum Dollar Amount at 5:00 p.m. Eastern Time on the Termination Date, the Canadian dollar equivalent of the amount then held in the US Escrow Account shall be determined by the closing buying rate of the Bank of Canada on the Termination Date.