Operation of the Escrow. (a) Until such time as the Company has received subscriptions for Shares resulting in gross subscription proceeds equal to the Minimum Amount (as defined below) and the funds in the Escrow Account are disbursed from the Escrow Account in accordance with Section 2(b) hereof, Subscribers will be instructed to make checks, drafts, wires, Automated Clearing House (ACH) or money orders (“Instruments of Payment”) for subscriptions payable to the order of “UMB Bank, N.A., as Escrow Agent for Apollo Realty Income Solutions, Inc.” Completed subscription agreements and Instruments of Payment for the purchase price shall be remitted to the address designated for the receipt of such agreements and Instruments of Payment. Any Instruments of Payment made payable to a party other than the Escrow Agent as described above shall be returned to the Dealer Manager or the Selected Dealer who submitted such Instrument of Payment. When the Selected Dealer’s internal supervisory procedures are conducted at the site at which the Instruments of Payment and the Subscription Materials (as defined below) are initially received by the Selected Dealer, by the end of the next business day after receipt of any Instruments of Payment and Subscription Materials, the Selected Dealer will send to the Escrow Agent such Instruments of Payment along with each Subscriber’s name, address, executed Internal Revenue Service (“IRS”) Form W-9, number and class of Shares purchased and purchase price remitted and any other subscription documentation (the “Subscription Materials”). When the Selected Dealer’s internal supervisory procedures are conducted at a different location (the “Final Review Office”), the Selected Dealer shall transmit the Instruments of Payment and the Subscription Materials to the Final Review Office by the end of the next business day after receipt of any Instruments of Payment and Subscription Materials, and then the Final Review Office will, by the end of the next business day following its receipt of the Instruments of Payment and the Subscription Materials, forward the Instruments of Payment and the Subscription Materials to the Escrow Agent. To the extent that subscription agreements and payments are remitted by the Transfer Agent, the Company, the Dealer Manager or a Selected Dealer, the Transfer Agent, the Company, the Dealer Manager or a Selected Dealer, as applicable, will furnish to the Escrow Agent a list detailing information regarding such subscriptions as set forth i...
Operation of the Escrow. (a) Completed subscription agreements and Instruments of Payment for the purchase price will be remitted by Subscribers to a Dealer at the address designated for the receipt of such agreements and Instruments of Payment.
Operation of the Escrow. Exb 8 Purchaser will provide signed Escrow agreement and transfer $30,000.00 to , and escrow account for Medical Supply Chain, Inc. certification candidates by November 1st, 2002. Seller will provide Purchaser and Escrow Agent with dates of 5-day supply chain strategist course. At completion of the 5-day supply chain strategist course, Seller and Purchaser will provide authorization to release Purchaser’s $30,000.00 to Medical Supply Chain, Inc. or a rejection instructing Escrow Agent to return $25,000.00 to Purchaser and release $5,000.00 to Medical Supply Chain, Inc. In either event, both Seller and Purchaser must sign the authorization or rejection form in order for Escrow Agent to disburse funds.
Operation of the Escrow. The provisions of schedule 10 shall apply in relation to the operation of the escrow and the treatment of the Escrow Shares.
Operation of the Escrow. 2.1 On Completion the Sellers hereby agree with the Purchaser that the Purchaser shall deliver to the Escrow Agent a share certificate (issued in the name of the Escrow Agent or its nominee) representing the Escrow Shares to be held by the Escrow Agent on the terms set out in this schedule 10 and the Escrow Agreement.
Operation of the Escrow. C3 and BMW will cause to be wired directly to Escrow Agent, the Escrow Funds in order to complete the Transaction. Escrow Agent shall deposit the Escrow Funds in an interest bearing account at an institution which is federally insured (“Account”) and any interest amounts accrued in said Escrow Account will be paid to the party or parties receiving the principal Escrow Funds at such time as final disbursement of the Escrow Funds is made. Escrow Agent shall disburse such funds upon the following terms and conditions.
Operation of the Escrow. The Money Transmitter shall deposit cash or other securities owned by it with the Escrow Agent to be held by it as Escrow Agent. The Money Transmitter shall have the right to all income earned on any securities held in the escrow account and shall have the right to obtain release or substitution of any securities deposited with the Escrow Agent so long as the value of the Escrow Account, after such release or substitution, shall continue to meet the requirements of SDCL 51A-17-8. Any request for substitution by the Money Transmitter shall be accompanied by a certificate from the Money Transmitter showing the value of each asset being substituted as well as each asset to be withdrawn. A copy of this certification shall be sent to the Director of the South Dakota Division of Banking (the “Director”), and the Escrow Agent may rely on such certification. Notwithstanding the foregoing language, the Money Transmitter may, with the written consent of the Director, withdraw any securities and cash held by the Escrow Agent.
Operation of the Escrow. The Trust Company shall deposit cash or other securities owned by it with the Escrow Agent to be held by it as Escrow Agent. The Trust Company shall have the right to all income earned on any securities held in the escrow account and shall have the right to obtain release or substitution of any securities deposited with the Escrow Agent so long as the value of the Escrow Account, after such release or substitution, shall continue to meet the requirements of SDCL 51A-6A-19.2. Any request for substitution by the Trust Company shall be accompanied by a certificate from the Trust Company showing the value of each asset being substituted as well as each asset to be withdrawn. A copy of this certification shall be sent to the Director of the South Dakota Division of Banking (the “Director”), and the Escrow Agent may rely on such certification. Notwithstanding the foregoing language, the Trust Company may, with the written consent of the Director, withdraw any securities and cash held by the Escrow Agent.
Operation of the Escrow. The Trust Company shall deposit cash owned by the Trust Company with the Escrow Agent to be held by the Escrow Agent as Escrow Agent. The Trust Company shall have the right to all income earned on the Pledged Funds so long as the value of the Escrow Account shall continue to meet the requirements of RSA 383-C:5-503 and shall not be reduced below the level determined by the New Hampshire Bank Commissioner.
Operation of the Escrow
