Delivery of Proceeds. In the event that the Borrower receives any payments in respect of or other proceeds of Collateral Loans or other Collateral or any capital contribution, the Borrower shall pay such payments or other proceeds to the Collateral Agent promptly and, in no event, later than two Business Days after the Borrower’s receipt thereof.
Delivery of Proceeds. (a) When the full amount of the Purchased Receivable has been collected, as determined by the procedures set forth in Section 4.01(b), SFC will promptly notify Purchaser, and shall, on the fourth business day after the giving of such notice (provided the purchase and sale has not be rescinded prior to such date), transfer said amount to Purchaser by wire transfer in immediately available funds to such bank and account as is designated by Purchaser.
Delivery of Proceeds. The Borrowers shall deliver to the Administrative Agent, promptly upon receipt thereof, all Net Cash Sale Proceeds or proceeds relating to Casualty Events that may have to be applied to prepay the Revolving Credit Loans if not reinvested as permitted in §4.2(a) and (b), to be held as Collateral pending reinvestment in accordance with such §§4.2(a) and (b). Upon the Borrowers’ request, any cash amounts delivered to the Administrative Agent to be held as Collateral under this §4.4 may be applied to repay Revolving Credit Loans.
Delivery of Proceeds. The Common Interests delivered by each of the Other Investors to the Company pursuant to Section 6.1(c), or with respect to which instructions shall have been so given, shall be transferred by the Company to the purchaser, in consummation of the disposition to such purchaser, pursuant to the terms and conditions specified in Section 6.1(a) above, and the Company shall promptly thereafter remit to such Other Investor that portion of the proceeds of disposition to which such Other Investor is entitled by reason of such participation.
Delivery of Proceeds. The proceeds to be delivered on the Closing Date (as defined in Section 4 hereof) in the aggregate amount of $75,000,000 (less the expenses of Highbridge International LLC (the "LEAD PURCHASER") payable pursuant to Section 6(b) hereof, as set forth on a schedule to be provided by the Lead Purchaser to the Company prior to the Closing) shall be used only to satisfy the payment obligations arising from the acceleration of the Company's 1.25% Convertible Senior Subordinated Debentures due April 1, 2024, which satisfaction shall be effective simultaneously with the Closing.
Delivery of Proceeds. The Borrower shall deliver to the Administrative Agent, promptly upon receipt thereof, all Net Cash Sale Proceeds or Net Cash Equity Issuance Proceeds that may have to be applied to prepay the Loans if not reinvested as permitted in §§4.2 and 4.3, and any cash reserves in connection with an Asset Swap or Asset Sale that were deducted from Net Cash Sale Proceeds, to be held as Collateral (in an interest bearing account) pending reinvestment in accordance with such §§4.2 and 4.3, or, in the case of such reserves, pending an application or conversion into Net Cash Sale Proceeds. Upon the Borrower’s request, any cash amounts delivered to the Administrative Agent to be held as Collateral under this §4.6 may be applied to repay Revolving Credit Loans, provided that an amount of the Total Revolving Credit Commitment equal to the amount so repaid may not be reborrowed until after or simultaneously with the final application of such amounts so delivered to the Administrative Agent.
Delivery of Proceeds. The Parent, the Borrower, the Subsidiaries, the Austin Partnership and RAM, as applicable and required in §§4.2, 4.3, 4.4 and 4.5 above, shall deliver to the Administrative Agent, promptly upon receipt thereof, all Net Cash Sale Proceeds, Net Cash Debt Issuance Proceeds, Net Cash Equity Issuance Proceeds and Extraordinary Receipts that may have to be applied to prepay the Loans if not reinvested (or used to replace, rebuild or repair, in the case of Extraordinary Receipts constituting casualty insurance), in each case as permitted in §§4.2, 4.3, 4.4 and 4.5 (as applicable at such time), and any cash reserves in connection with an Asset Swap or Asset Sale that were deducted from Net Cash Sale Proceeds, to be held as Collateral (in an interest bearing account) pending reinvestment in accordance with such §§4.2, 4.3, 4.4 and 4.5 or, in the case of such reserves, pending an application or conversion into Net Cash Sale Proceeds. Upon the Borrower’s request, any cash amounts delivered to the Administrative Agent to be held as Collateral under this §4.7 may be applied to repay Revolving Credit Loans, provided that an amount of the Total Revolving Credit Commitment equal to the amount so repaid may not be reborrowed until after or simultaneously with the final application of such amounts so delivered to the Administrative Agent.
Delivery of Proceeds. In the event that the Borrower receives any payments in respect of or other proceeds of Collateral Loans or other Collateral or any capital contribution, the Borrower shall pay such payments or other proceeds to the Collateral Agent promptly and, in no event, later than two Business Days after the Borrower’s receipt thereof; provided that it in the case of a failure to pay such payments or other proceeds to the Collateral Agent as a result of an administrative error or omission, the Borrower shall make such payment within five Business Days after the Borrower or the Services Provider receives written notice or has actual knowledge of such administrative error or omission.
Delivery of Proceeds. 2.1 Concurrently with the execution of this agreement and the Closing of the Offering, Sprott shall deliver U.S.$1,220,000 (the "Proceeds") to the Escrow Agent in the form of a certified cheque made payable to "Xxxx & Berlis in Trust".
Delivery of Proceeds. The Placement Agent and the Issuer shall promptly deliver, or cause to be wired or deposited, by noon of the business day following receipt, to the Escrow Agent in accordance with Rule 15c2-4 under the Securities Exchange Act of 1934, as amended, any proceeds from the sale of the Issuer's Common Shares under the Offering that the Placement Agent or the Issuer receives from an investor. In no event shall the Escrow Agent accept delivery of any proceeds, whether from the Placement Agent, the Issuer or any other person or entity, after the Escrow Agent has been notified by the Issuer or the Placement Agent to stop accepting delivery of proceeds.
