Disbursement of Escrowed Funds Sample Clauses

Disbursement of Escrowed Funds. Escrow agent shall hold the escrow funds until it receives written notice from County that a building permit (as described in Paragraph 1 above) for the development has been approved. Within ten (10) days after receipt of notice from County, escrow agent shall disburse the funds to the County. Building permits to be issued simultaneous with dispersal of funds. Any accrued interest earned on the escrow account shall be disbursed to the County.
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Disbursement of Escrowed Funds. The Escrow Agent shall disburse the Escrowed Funds as follows:
Disbursement of Escrowed Funds. (a) In the event the Escrow Agent receives written notice from the Company substantially in the form of Exhibit A hereto (a “Purchaser Rejection Disbursement Notice”) the Escrow Agent shall disburse to the Purchaser solely in accordance with and pursuant to the terms of the Purchaser Rejection Disbursement Notice all collected sums paid by the Purchaser for Shares and received by the Escrow Agent.
Disbursement of Escrowed Funds. So that Landlord may pay for the costs of any completed Escrowed Funds Work, the Escrowed Funds shall be disbursed to Landlord in the following manner: within one (1) business day after receipt by Escrow Agent from Landlord of Landlord’s written request for disbursement (herein, a “Disbursement Request”) indicating the amount of the Escrowed Funds to be disbursed to pay for Tenant’s “pro rata share” of such costs (as determined pursuant to Section 4.2.2 of the Work Letter) (herein, the “Disbursement Amount”), together with (i) invoices from the applicable contractor(s), subcontractor(s) and other third parties (collectively, the “Construction Parties”) who performed such applicable Escrowed Funds Work evidencing such costs, and (ii) a written statement from Landlord certifying the amount set forth on such invoice that constitutes (A) Landlord’s “pro rata share” of the amount set forth on each such invoice, and (B) the Disbursement Amount (i.e., Tenant’s “pro rata share” of the amount set forth on each such invoice), Escrow Agent shall disburse to Landlord in accordance with the payment instructions attached hereto as Exhibit A, or as otherwise directed by Landlord, from the Escrowed Funds, the amount of the applicable Disbursement Amount so requested by Landlord to be disbursed in the applicable Disbursement Request. It is anticipated that Landlord shall be delivering to Escrow Agent Disbursement Requests for disbursement of portions of the Escrowed Funds from time to time during the course of the construction of the Escrowed Funds Work. Notwithstanding anything in the foregoing to the contrary, if, following the final completion of the Escrowed Funds Work, any Escrowed Funds remain in the Escrow Account, then Landlord shall deliver to Escrow Agent a Disbursement Request requesting disbursement to Landlord of such remaining Escrowed Funds (which Disbursement Request shall not be required to be accompanied by the items described in clauses (i) and (ii) hereinabove), and within one (1) business day after receipt by Escrow Agent of such Disbursement Request, Escrow Agent shall disburse to Landlord in accordance with the payment instructions attached hereto as Exhibit A, or as otherwise directed by Landlord, the remaining amount of the Escrowed Funds in the Escrow Account. EXHIBIT O
Disbursement of Escrowed Funds. Escrow Agent shall disburse the Escrowed Funds at the times, to the party and in the amounts set forth in the Escrow Agreement Supplement which is attached hereto. The procedure to be followed relative to disbursements shall be as follows:
Disbursement of Escrowed Funds. Provided the ------------------------------ requirement for disbursement set forth in Section 3 above have been satisfied, Escrow Agent shall disburse the escrowed funds as directed by a Letter of Authorization signed by the Company's Board of Directors.
Disbursement of Escrowed Funds. On or before the Effective Date, L&F and COR shall execute and deliver joint instructions, in form and substance reasonably satisfactory to each of them, directing the Escrow Agent to disburse, on the Effective Date, all of the escrowed funds under the Escrow Agreement and terminate such escrow.
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Disbursement of Escrowed Funds. Within two (2) business days following receipt of Lessee's written request, Escrow Agent shall disburse to Lessee or to such payees as may be designated by Lessee in its request for disbursement, out of the funds held in escrow, the out-of-pocket costs and expenses incurred by Lessee in connection with the performance by it of its obligations under Paragraph 2 (the "Capital Expenditures"), upon presentation of a request for disbursement, provided:
Disbursement of Escrowed Funds. The Escrow Agent shall release the Escrowed Funds only in accordance with the following:
Disbursement of Escrowed Funds. The Escrow Agent shall hold the escrowed funds until it receives written notice from the County as to the amount of impact fees due. The notice from the County shall establish the amount due the County from escrow funds. Within ten (10) days after receipt of notice from the County as to the impact fees due and payable, the Escrow Agent shall disburse the required impact fees to the County and shall disburse the remaining amount, if any, to the Builder. All accrued interest earned on the escrow account shall be prorated between the Builder and the County based upon the amount due to each.
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