Funding of Escrow Account. Pursuant to the terms of the Escrow Agreement, on the date hereof, the RDC is granting to the FDC and the FDC is depositing with the Escrow Agent, the sum of Five Hundred Sixty Thousand Dollars ($560,000). Upon receipt of such funds, the Escrow Agent shall deposit all of such funds in the Escrow Account.
Funding of Escrow Account. At the Closing, pursuant to Section 2.3(c) of the Purchase Agreement, Buyer shall cause an amount of cash equal to $8,848,800 (the “Escrow Amount”, and together with any interest, investment income or proceeds received by the Escrow Agent from the investment thereof from time to time pursuant to Section 4 below, collectively, the “Escrow Property”), to be deposited with the Escrow Agent in immediately available funds and the Escrow Agent agrees to hold the Escrow Property in an account established with the Escrow Agent (the “Escrow Account”), and to administer the Escrow Property in accordance with the terms of this Agreement.
Funding of Escrow Account. Pursuant to the terms of the Escrow Agreement, on the date hereof, the FDC and Developer are each depositing with the Escrow Agent, the sum of Three Hundred Thousand Dollars ($300,000). Upon receipt of such funds, the Escrow Agent shall deposit all of such funds in the Escrow Account.
Funding of Escrow Account. Subject to and on the terms and conditions of this Agreement, at the Closing, Purchaser shall deposit $490,317.18 (the “Escrow Amount”) into the Escrow Account. The deposit made by Purchaser at the Closing shall be by wire transfer of immediately available funds to the Escrow Agent. The Escrow Account, to the extent not set forth in this Agreement, shall be governed by the Escrow Agreement; provided, however, that in the event of any conflict between the terms of this Agreement and the Escrow Agreement, the terms of this Agreement shall control.
Funding of Escrow Account. Agent shall have received evidence satisfactory to Agent that not less than $400,000 in immediately available funds has been deposited into the Escrow Account.
Funding of Escrow Account. At the Closing, pursuant to Section 1.5(b) of the Business Combination Agreement, Parent shall deposit [ ] Holdco Common Shares (the “Escrowed Shares”) into a segregated account established with the Escrow Agent (the “Escrow Account”), and the Escrow Agent agrees to hold the Escrowed Shares as a book position registered in the name of U.S. Bank National Association as Escrow Agent for the benefit of Parent and to administer the Escrow Account in accordance with the terms of this Agreement.
Funding of Escrow Account. 29 2.6.5 Delivery of PennCorp Shares . . . . . . . 29 2.7 [Reserved] . . . . . . . . . . . . . . . . . . . . 30 2.8 [Reserved] . . . . . . . . . . . . . . . . . . . . 30 2.9
Funding of Escrow Account. Buyer shall deliver to the Escrow Agent for deposit into the Indemnity Escrow Account the Escrow Amount, to be held by the Escrow Agent under the terms of the Escrow Agreement as required by Article VIII.
Funding of Escrow Account. In the event that the Excess Elgin Property is sold by JBSS pursuant to the Elgin Purchase Contract prior to January 1, 2009, the Borrower and JBSS shall cause the JBSS Release Price (the “Proceeds”) to be deposited with Lender concurrently with the JBSS Release to be held in an account (the “Cash Collateral Account”) maintained by Lender or an affiliate of Lender. The Cash Collateral Account may be maintained as an accounting entry and may or may not be commingled with Lender’s or such affiliate’s general funds. So long as the Cash Collateral Account is retained by Lender or an affiliate of Lender, and until the earlier of such time as the Proceeds are (a) disbursed to JBSS, or (b) applied against the Loan pursuant to this Agreement, the Proceeds shall bear interest at a rate equal to the yield of a 3-month U.S. Government Securities/Treasury Constant Maturities for the week before the commencement of the interest accrual period, as reported by the Federal Reserve statistical release H.15 (519), and such interest shall accrue for the benefit of JBSS (the “Account Interest”).
Funding of Escrow Account. The Escrow Amount shall not be funded at Closing and instead shall be funded by the Subordinated Lender from amounts paid by Borrower under this Note after the repayment to the order of the Subordinated Lender of $1,000,000 of principal due under this Note plus all accrued and unpaid interest on the entire principal amount of this Note.
