Examples of Escrowed Proceeds in a sentence
The Corporation shall direct that the Lead Agent deliver the Escrowed Proceeds to the Subscription Receipt Agent on the Closing Date by way of electronic wire transfer in immediately available funds, and upon receipt of such funds, the Subscription Receipt Agent shall deliver a signed receipt acknowledging receipt of the Escrowed Proceeds.
Following actual receipt of the Escrowed Proceeds, the Subscription Receipt Agent will acknowledge receipt from Stifel or any other direct purchaser of Subscription Receipts of a transfer or transfers of funds in the aggregate amount of $20,115,000 and will confirm that such funds have been deposited in an account segregated in the records of the Subscription Receipt Agent and designated as the "Integra Resources Corp.