Examples of Joint Written Direction in a sentence

For the purpose of this Agreement, "Joint Written Direction" shall mean a written direction executed by the Purchaser and Seller directing Escrow Agent to disburse all or a portion of the Escrow Funds, Certificates or Stock Powers, or to take or refrain from taking any other action pursuant to this Escrow Agreement.
Escrow Agent shall release and disburse the Escrow Funds, the $75,000 Non-Refundable Payable, the Certificates, Stock Powers and Resignations at any time and from time to time, upon receipt of, and in accordance with, a Joint Written Direction (or on the sole written direction of Purchaser under the terms of the Underlying Agreement.
Upon disbursement of the entire Escrow Deposit, as directed by Xxxxxxxxx and Seller in a Joint Written Direction, or with the court in accordance with Section 6, this Agreement will be terminated.

More Definitions of Joint Written Direction

Joint Written Direction is a direction in writing, executed by one each of the Representatives from the Depositor and Recipient, directing Escrow Agent to disburse all or a portion of the Escrow Funds or take or refrain from taking any other action pursuant to this Escrow Agreement. “Representatives” are the Depositor Representative and the Recipient Representative.

Joint Written Direction means a written direction executed and delivered by the Company and the Placement Agent, directing the Escrow Agent to disburse all or a portion of the Escrow Funds or otherwise directing any party hereto to take or refrain from taking an action pursuant to this Agreement. Any Joint Written Direction relating to a disbursement of Escrow Funds shall certify with reasonable detail satisfactory to Escrow Agent in its sole discretion (i) that the Company has received and accepted subscription agreements (and the accompanying payments have been deposited in the Escrow Funds and have cleared) equal to the Offering Amount, and (ii) its instructions as to the payment of the subscription proceeds. Each Joint Written Direction shall be accompanied by the documents set forth in Schedule B hereto.

Joint Written Direction means a written direction executed and delivered by the Company and the Dealer Manager, directing the Escrow Agent to disburse all or a portion of the Escrow Funds or otherwise directing any party hereto to take or refrain from taking an action pursuant to this Agreement. Any Joint Written Direction relating to a disbursement of Escrow Funds shall certify with reasonable detail satisfactory to Escrow Agent in its sole discretion (i) that the Company has received and accepted subscription agreements (and the accompanying payments have been deposited in the Escrow Funds and have cleared) equal to the Minimum Amount and (ii) its instructions as to the payment of the subscription proceeds. Each Joint Written Direction shall be accompanied by the documents set forth in Schedule B hereto. “Pro Rata Basis” with respect to the allocation among Purchasers of interest and other earnings held in the Escrow Funds, shall mean, for each Purchaser, the Purchaser’s Cash Investment multiplied by the number of days the Cash Investment of such Purchaser was held in interest-bearing investments pursuant to Section 6 hereof, divided by the product of the total subscriptions multiplied by the number of days invested, multiplied by the investment earnings on the Escrow Funds during such period of days.

Joint Written Direction means a Joint Notice (as defined below) or any other direction executed by the Representatives to take or refrain from taking an action pursuant to this Agreement.

Joint Written Direction means the joint written direction attached as Exhibit B to this Settlement Agreement.

Joint Written Direction has the meaning set forth in Section 6(a) of this Agreement.