Release of Escrowed Funds Upon Receipt of Release Notices Sample Clauses

Release of Escrowed Funds Upon Receipt of Release Notices. The Escrowed Funds shall be released from escrow on the Escrow Release Date and paid by the Subscription Receipt Agent as soon as practicable but no later than one Business Day from date of receipt of the Release Notice as follows: (a) an amount equal to 50% of the Agents’ Cash Compensation (and any Earnings thereon), an amount equal to 50% of the Advisors’ Cash Compensation (and any Earnings thereon) and any reasonable expenses incurred by the Agents in connection with the Offering and not already paid by the Company, shall be paid to Beacon or as otherwise directed, on behalf of the Agents and Advisors, as applicable, in the Release Notice; and (b) the balance of the Escrowed Funds, less any amounts payable to the Subscription Receipt Agent equal to its fees for services rendered and disbursements incurred in accordance with this Agreement shall be paid to the Company, or as otherwise directed by the Company in the Release Notice, as soon as reasonably practicable after receiving a Release Notice.
Sample 1
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Related to Release of Escrowed Funds Upon Receipt of Release Notices

  • Amendment of Release Schedule The new release schedule will apply 10 days after the Escrow Agent receives a certificate signed by a director or officer of the Issuer authorized to sign

  • Release of Releasees (1) Upon the Effective Date, subject to Section 6.3, and in consideration of payment of the Settlement Amount and for other valuable consideration set forth in the Settlement Agreement, the Releasors forever and absolutely release and forever discharge the Releasees from the Released Claims that any of them, whether directly, indirectly, derivatively, or in any other capacity, ever had, now have, or hereafter can, shall, or may have.

  • Release of Escrow Securities (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.

  • PURCHASE OF RELEASE The Parties agree that the Recipient: (check one)

  • Release from Duty When the best interest of the County requires the immediate removal of the employee from his/her position, any employee may be released from regularly assigned duties with pay and benefits by the Department Head for a period not to exceed eighty (80) working hours upon the approval of the Personnel Director. Upon showing of good cause by the appointing authority, such release from duty may be extended up to an additional eighty (80) work hours by the Personnel Director.

  • Resignation of Escrow Agent (1) If the Escrow Agent wishes to resign as escrow agent, the Escrow Agent will give written notice to the Issuer.

  • The Settling Entity’s Release of Xxxxxxx The Settling Entity, on behalf of itself, its past and current agents, representatives, attorneys, successors, and assignees, hereby waives any and all claims against Xxxxxxx and his attorneys and other representatives, for any and all actions taken or statements made (or those that could have been taken or made) by Xxxxxxx and his attorneys and other representatives, whether in the course of investigating claims or otherwise seeking to enforce Proposition 65 in connection with the notice or Products.

  • CAN Purchase a Release The Recipient has the option, during the Term or any period thereafter, to purchase and waive all liability under this Agreement for the sum of [AMOUNT (IN WORDS)] ($[AMOUNT (NUMERICALLY)]) as payment to the Owner.

  • Release of Claims by Holders Each Holder hereby releases the Representative for all claims arising from the Representative’s performance of its services pursuant to this Revenue Sharing Agreement, except and to the extent that a Holder can demonstrate by clear and convincing evidence that such act or omission constituted gross negligence or intentional misconduct.

  • Release from Contract An employee under contract shall be released from the obligations of the contract upon request under the following conditions:

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