Commencement of Duties. Upon receipt by the Escrow Agent of the shares of DGSE Common Stock provided in Section 1.2, (i) the Escrow Agent shall deliver a notice to DGSE and to the Stockholder Agent acknowledging such receipt, and (ii) the Escrow Agent shall hold any Escrow Cash (defined below) the Escrow Shares (defined below) and any proceeds of the foregoing in escrow pursuant to the terms of this Agreement. The Escrow Agent shall hold and safeguard the Escrow Account during the Escrow Period (defined below), shall treat such accounts as trust funds in accordance with the terms of this Agreement and not as the property of the Escrow Agent, DGSE, the Stockholders or the Stockholder Agent and shall hold and dispose of the cash and shares in the Escrow Account only in accordance with the terms set forth in this Agreement.
Commencement of Duties. Parent, concurrently with the execution and delivery of this Agreement and pursuant to Section 3.2 of the Merger Agreement, is transferring to the Depository Agent the Escrow Fund consisting entirely of the Escrowed Shares. Upon receipt of the Escrowed Shares by the Depository Agent, the duties and obligations of each of the parties to this Agreement will commence.
Commencement of Duties. The Employee shall commence his duties as an employee of the Employer on September 20, 1999.
Commencement of Duties. On the date hereof, in accordance with Section 2.02(a) of the Merger Agreement and simultaneously with the execution and delivery of this Agreement, Sussex will transfer to the Custodian funds equal to Three Hundred and Thirteen Million United States Dollars ($313,000,000) (such initial deposit and any subsequent deposit, the "Custodial Assets"). Upon receipt of the Custodial Assets, the duties and obligations of each of the parties to this Agreement will commence. In the event Sussex transfers an amount in excess thereof as part of the initial deposit, the Custodian shall transfer such excess to Sussex within three (3) business days.
Commencement of Duties. Iconix, on the date hereof, simultaneously with the execution and delivery of this Escrow Agreement, shall transfer by wire transfer to the Escrow Agent the aggregate sum of Twenty-Four Million Dollars ($24,000,000).
Commencement of Duties. Parent, on the date hereof, in accordance with Section 3.01 of the Merger Agreement and simultaneously with the execution and delivery of this Agreement, shall deposit by wire transfer with the Escrow Agent the sum of Fifteen Million Dollars ($15,000,000) (such amount, as may be increased pursuant to Section 9.01(b)(i) of the Merger Agreement, being the “Deposit”). Upon the Escrow Agent’s initial receipt of funds pursuant to this Section, the duties and obligations of each of the parties to this Agreement will commence.
Commencement of Duties. Upon receipt by the Escrow Agent of the shares of SpaceDev Common Stock provided in Section 1.2 and Section 1.3, (i) the Escrow Agent shall deliver a notice to SpaceDev and to the Shareholder Agent acknowledging such receipt, and (ii) the Escrow Agent shall hold any Escrow Cash (defined below), the Escrow Shares (defined below) and the Expense Shares (defined below) in escrow pursuant to the terms of this Agreement. The Escrow Agent shall hold and safeguard the Escrow Account and the Expense Fund during the Escrow Period (defined below), shall treat such accounts as trust funds in accordance with the terms of this Agreement and not as the property of the Exchange Agent, SpaceDev, the Shareholders or the Shareholder Agent and shall hold and dispose of the cash and shares in the Escrow Account and the Expense Fund only in accordance with the terms set forth in this Agreement.
Commencement of Duties. This agreement provides that _______________________ Interim Minister and BAPTIST CHURCH shall covenant as agreed for a period of time necessary for a careful and thorough search for a Senior Minister. Date _________________________ Chair of the Interim Search Committee
Commencement of Duties. On or prior to the commencement of the offering of Shares pursuant to the Offering Document, the Company shall establish the Escrow Account which shall be entitled “Paragon Commercial Bank N.A. as Agent for Chanticleer Dividend Fund, Inc.—Escrow Account”, with the Escrow Agent. The Company will cause all Dealer Managers and Selected Dealers to instruct subscribers to make checks for subscriptions payable to the order of “Paragon Commercial Bank, N.A., as agent for Chanticleer Dividend Fund, Inc.” This Agreement shall be effective on the date on which the Offering Document becomes effective. The escrow period shall commence upon the effectiveness of this Agreement and shall continue until the earlier of (i) the date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised an aggregate of at least $1.5 million of gross offering proceeds from persons who are not affiliated with the Company or the Advisor (the “Minimum Proceeds”), (ii) the Closing Date, or (iii) the termination of the Offering by the Company prior to the receipt of the Minimum Proceeds (the “Escrow Period”).
Commencement of Duties. The Employee shall commence his duties as an employee of the Employer on March 11, 2002.
