Payment Acknowledgement. The parties acknowledge that the following amount(s) has previously been paid to the State in accordance with the Agreement:
Payment Acknowledgement. (a) The Corporation acknowledges and agrees that it is a condition of Receiptholders’ payments of $134.50 per Subscription Receipt that the Escrowed Funds be held by the Subscription Receipt Agent in accordance with the provisions of Article 4 as agent and bailee on behalf of the holders of Subscription Receipts. The Corporation further acknowledges and confirms that it has and will have no interest in the Escrowed Funds or in the Earned Interest credited or received thereon until the Acquisition Closing Time or, in respect of any portion thereof payable to the Corporation pursuant to Section 3.3(a)(v) hereof, until the occurrence of a Termination Event. The Subscription Receipt Agent shall retain the Escrowed Funds as agent and bailee for and on behalf of the holders of Subscription Receipts and shall invest, disburse and deal with the Escrowed Funds as provided herein.
Payment Acknowledgement. (a) The Escrow Agent hereby acknowledges receipt from the Lead Underwriters of a wire transfer of funds in the aggregate amount of $160,075,000 and confirms that such funds have been deposited in a segregated account in the name of the Trust designated as the "Paramount Energy Trust – Sub. Receipts", or as otherwise directed by the Trust, and the Escrow Agent will retain such amount in accordance with the terms of this Agreement pending payment of such amount in accordance with the terms of this Agreement.
Payment Acknowledgement. (a) The Corporation acknowledges and agrees that it is a condition of Receiptholders’ payments of $31.25 per Subscription Receipt that the Escrowed Funds be held by the Subscription Receipt Agent in accordance with the provisions of Article 4 as agent and bailee on behalf of the holders of Subscription Receipts. The Corporation further acknowledges and confirms that it has and will have no interest in the Escrowed Funds or in the Earned Interest credited or received thereon until the Acquisition Closing Time. The Subscription Receipt Agent shall retain the Escrowed Funds as agent and bailee for and on behalf of the holders of Subscription Receipts and shall invest, disburse and deal with the Escrowed Funds as provided herein.
Payment Acknowledgement. 2.2.1 The Special Warrant Agent will acknowledge by a separate receipt the wire transfer, bank draft or certified cheque from the Underwriters, on behalf of each of the Special Warrantholders of the Offering Proceeds and confirms that such funds have been deposited in a segregated account in the name of the Special Warrant Agent designated as the “Xxxxx Gaming Group Inc.—Special Warrants” or as otherwise directed by the Corporation and the Underwriters and will be used, invested and segregated in accordance with Article 6 hereof.
Payment Acknowledgement. (a) The Subscription Receipt Agent will acknowledge in writing to the Lead Agent and the Corporation receipt from the Lead Agent and, in connection with the sale of Subscription Receipts to the Foreign Subscribers, from the Corporation, of funds by certified cheque, bank draft or wire transfer, in the amount of $9,063,769.66, being the amount equal to the Escrowed Subscription Funds, and confirm that such Escrowed Subscription Funds has been deposited together in a segregated account (the “Escrow Account”) to be held and dealt with in accordance with this Agreement.
Payment Acknowledgement. The parties acknowledge that the following amount(s) has previously been paid to the State in accordance with the Agreement: Gross amount of $xx,xxx,xxx (GST exclusive), representing Stage 1 $ xx,xxx,xxx and Stage 2 $xxx,xxx; and Nett amount $ xx,xxx,xxx (Gross Income $ xx,xxx,xxx less Interest recovery of $xxx,xxx). Costs and GST Each party must meet or pay its own costs and expenses (including legal costs) in respect of the preparation, negotiation, execution and completion of this Variation. If GST is payable on any supply made under or in connection with this Variation, the recipient of the supply must pay to the supplier an additional amount equal to the GST payable on the supply provided that the supplier has given the recipient a tax invoice for the supply. The State must pay any stamp duties and registration or other fees (including fines, penalties and interest relating to such duties and fees) which are payable or are assessed by a relevant government body or other person to be payable in relation to this document or any transaction contemplated by it.
Payment Acknowledgement. Pursuant to the Asset Purchase Agreement, and in consideration for the Seller's and each Shareholder's covenant in Section 4 hereunder, the Seller will be paid the Purchase Price (as defined in the Asset Purchase Agreement) by the Company, subject to certain adjustments. Further, each of the Shareholders hereby represents that he or she (as applicable) is the beneficial owner of certain issued and outstanding shares of capital stock of the Seller. The Seller and each of the Shareholders acknowledge and agree that it, he or she (as applicable) will benefit materially and significantly from the Transactions.
Payment Acknowledgement. The parties acknowledge that the following amount(s) has previously been paid to the State in accordance with the Agreement: The Parties acknowledge that the amount xxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxx for interest accrued has already been paid by the Commonwealthto the State as part of the Funds payable under the Project Schedule. Costs and GST Each party must meet or pay its own costs and expenses in respect of the preparation, negotiation, execution and completion of this Variation. If GST is payable on any supply made under or in connection with this Variation, the recipient of the supply must pay to the supplier an additional amount equal to the GST payable on the supply provided that the supplier has given the recipient a tax invoice for the supply. The State must pay any stamp duties and registration or other fees (including fines, penalties and interest relating to such duties and fees) which are payable or are assessed by a relevant government body or other person to be payable in relation to this document or any transaction contemplated by it.
Payment Acknowledgement. The parties acknowledge that the following amount(s) has previously been paid to the State in accordance with the Agreement Gross amount of $38,045,920 (GST exclusive), representing Stage 1 $36,340,000 and Stage 2 $1,705,920; and Net amount $37,114,576 (Gross Income $38,045,920 less Interest recovery of $931,344). Costs and GST Each party must meet or pay its own costs and expenses (including legal costs) in respect of the preparation, negotiation, execution and completion of this Variation. If GST is payable on any supply made under or in connection with this Variation, the recipient of the supply must pay to the supplier an additional amount equal to the GST payable on the supply provided that the supplier has given the recipient a tax invoice for the supply. The State must pay any stamp duties and registration or other fees (including fines, penalties and interest relating to such duties and fees) which are payable or are assessed by a relevant government body or other person to be payable in relation to this document or any transaction contemplated by it.
