Early Termination of any Investment of the Escrowed Funds. In making any payment pursuant to this Agreement, the Subscription Receipt Agent has the authority to liquidate any investments in order to make payments contemplated under this Article 6 and shall not be liable for any loss sustained in the escrow account for early termination of any investment of the Escrowed Funds necessary to enable the Subscription Receipt Agent to make such payment.
Appears in 3 contracts
Samples: Subscription Receipt Agreement, Receipt Agreement (Adira Energy Ltd.), Subscription Receipt Agreement
Early Termination of any Investment of the Escrowed Funds. In making any payment pursuant to this Agreement, the Subscription Receipt Agent has the authority to liquidate any investments in order to make payments contemplated under this Article 6 and shall not be liable for any loss sustained in the escrow account for early termination of any investment of the Escrowed Funds necessary to enable the Subscription Receipt Agent to make such payment.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Response Biomedical Corp)
Early Termination of any Investment of the Escrowed Funds. In making any payment pursuant to this Agreement, the Subscription Receipt Agent has the authority to liquidate any investments in order to make payments contemplated under this Article 6 VI and shall not be liable for any loss sustained in the escrow account for early termination of any investment of the Escrowed Funds necessary to enable the Subscription Receipt Agent to make such payment.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Postmedia Network Canada Corp.)
