The Escrowed Funds definition

The Escrowed Funds shall remain deposited with the Escrow Agent and shall be subject to and payable in accordance with the terms of the Escrow Agreement and this Agreement.

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The Escrowed Funds less the Claimed Funds shall constitute the "Distributable Funds".

The Escrowed Funds. (defined in Section 3(a) herein) shall be released to Seller;

Examples of The Escrowed Funds in a sentence

• The Escrowed Funds shall not be held in an interest bearing account nor will interest be payable in connection therewith.

• The Escrowed Funds shall be held in a non-interest bearing escrow account.

• The Escrowed Funds shall be released to the Corporation in accordance with the Subscription Receipt Agreement, provided that the Escrow Release Conditions have been satisfied or waived prior to the Escrow Release Deadline.

• The Escrowed Funds will be held by the Escrow Agent for work described in the Job Standards and Specifications attached as Exhibit A to the Construction Contract of near or even date between the Applicant and the Contractor as may be modified by Change Orders executed by the Applicant, the Contractor, and the Escrow Agent (the “Work”).

• The Escrowed Funds are to be disbursed pursuant to and in accordance with the provisions of the Escrow Agreement.

• The Escrowed Funds to be wired shall be wired to the account set forth in Section 2(a) above and the Subscription shall be faxed or emailed to the Escrow Agent in accordance with the information provided on Exhibit A.

• The Escrowed Funds received by the Escrow Agent and any securities or other instruments received by the Escrow Agent upon the investment or reinvestment of such Escrowed Funds, shall be received as agent for, and shall be segregated and kept apart by the Escrow Agent as agent for, the Receiptholders and the Underwriters.

• The Escrowed Funds will be ‎applied towards payment of such amount, and the Corporation shall make up any shortfall of the balance owed to ‎the holders of the Subscription Receipts.‎ On the Effective Date (i) Brattle ▇▇▇▇▇ ▇.▇.

• The Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer, together with the written account of subscription (the “Subscription”) in the form attached hereto as Exhibit B (the “Subscription Information”).

• The Escrowed Funds may be invested in issuers listed on U.S. national securities exchanges; provided that (1) no investments may be made in the Company’s securities; (2) no more than 20% of the Escrowed Funds may be invested in one issuer; (3) no more than 50% of the Escrowed Funds may be invested in issuers that have; (A) a market capitalization of less than $1.0 billion; (B) been public for less than two years; and (C) less than $1.0 million in average daily volume for last 30 days.

More Definitions of The Escrowed Funds

The Escrowed Funds shall be released to the Corporation upon the later to occur of (i) the acceptance by the Securities Exchange Commission for filing an F3 registration statement registering the Common Shares issued and (ii) the common shares of the Corporation (including the Common Shares issued being quoted on the NASDAQ. The satisfaction of each of the conditions referred to in items (i) and (ii) above being hereinafter referred to as the "Release Condition". FILING OF The Corporation will use its best efforts to satisfy the Release Condition as soon as REGISTRATION possible but in any event on or prior to the date which is 90 days following the STATEMENT: Closing Date. In the event that the Release Condition has not been satisfied prior to 5:00 p.m. (Toronto time) on the first business day which is at least 90 days following the Closing Date (the "Condition Deadline") each holder of Common Shares will be entitled to elect either (a) that the Corporation purchase for cancellation all of such holder's Common Shares for the amount of the Issue Price thereof plus any interest earned on such amount and payable from the Escrowed Funds or (b) to retain such Common Shares provided that, in the absence of such election being made by the holder prior to 5:00 p.m. (Toronto time) on the fifth business day following the Condition Deadline, the holder shall be deemed to have elected to have all of the Common Shares held by such holder purchased for cancellation in the manner set forth above. If required, the Corporation acknowledges and agrees that it shall pay the difference between the gross proceeds of the Offering and the balance of the Escrowed Funds (including all interest accrued thereon) to the Escrow Agent to ensure that all Common Shares surrendered or deemed to be surrendered for repurchase may be repurchased. RESTRICTION ON The Corporation will not, directly or indirectly, without SHARE ISSUANCES: the prior written consent of Sprott, which consent shall not be unreasonably withheld, issue, offer, sell, grant any option to purchase or otherwise dispose of (or announce any issue, offer, sale, grant of any option to purchase or other disposition of) any Common Shares or any securities convertible into, or exchangeable or exercisable for, Common Shares until the date which is 90 days following the Expiry Date, nor shall the Corporation publicly announce until such date an intention to do so, except for (i) the issuance of Common Shares in connection with the exercise of any c...