Common use of Release of Escrowed Funds Clause in Contracts

Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) hereof. The Subscription Receipt Agent will release to the Underwriters the Underwriters’ Cash Commission, plus any interest earned thereon and release the balance of the Escrowed Funds to the Corporation (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred).

Appears in 1 contract

Samples: Subscription Receipt Agreement

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Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) hereof. The Subscription Receipt Agent will release to the Underwriters Lead Agent, or the UnderwritersAgents' legal counsel, the remaining 50% of the Agents’ Cash CommissionCommission and the Agents' Expenses incurred up to the Release Date, plus any interest earned thereon and release the balance of the Escrowed Funds to the Corporation (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred).

Appears in 1 contract

Samples: Subscription Receipt Agreement

Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) hereof. The Subscription Receipt Agent will release to the Underwriters the Underwriters’ Cash Commission, plus any interest earned thereon hereof and release the balance of the Escrowed Funds to as directed by the Corporation (less an amount payable to and the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred)in the Release Notice.

Appears in 1 contract

Samples: Receipt Agreement

Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) hereof. The Subscription Receipt Agent will release to the Underwriters Lead Underwriter 50% of the Underwriters’ Cash Commission, plus any interest earned thereon Commission and release the balance of the Escrowed Funds to the Corporation (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred).

Appears in 1 contract

Samples: Subscription Receipt Agreement (Merus Labs International Inc.)

Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) hereof. The Subscription Receipt Agent will release to the Underwriters the Underwriters’ Cash Commission, plus any interest earned thereon and release the balance of the Escrowed Funds to the Corporation (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred)., but only where the Corporation has not otherwise paid such fees prior to such release).‌

Appears in 1 contract

Samples: Subscription Receipt Agreement

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Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) Error! Reference source not found. hereof. The Subscription Receipt Agent will release to the Underwriters Agents, or the Underwriters’ Agents' legal counsel, 50% of the Agents' Cash Commission, plus any interest earned thereon and release the balance of the Escrowed Funds to the Corporation or its legal counsel (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred).

Appears in 1 contract

Samples: Subscription Receipt Agreement

Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) hereof. The Subscription Receipt Agent will release to the Underwriters the Underwriters’ Cash Commission, plus any interest earned thereon and release the balance of the Escrowed Funds to the Corporation (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred).

Appears in 1 contract

Samples: Subscription Receipt Agreement

Release of Escrowed Funds. Upon receipt of the Release Notice, the Subscription Receipt Agent will release the Escrowed Funds in accordance with Section 6.3(a) 0 hereof. The Subscription Receipt Agent will release to the Underwriters the Underwriters’ Cash Commission, plus any interest earned thereon and release the balance of the Escrowed Funds to the Corporation (less an amount payable to the Subscription Receipt Agent equal to its reasonable fees for services rendered and disbursements incurred).

Appears in 1 contract

Samples: Receipt Agreement (Red Metal Resources, Ltd.)

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