Initial Escrowed Proceeds definition

Initial Escrowed Proceeds means the amount of up to $7,000,000 being the gross proceeds of the Offering;
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Initial Escrowed Proceeds means the aggregate gross proceeds of the Offering, less the Agents’ Expenses, 50% of the Agents’ Cash Compensation and 50% of the Advisors’ Cash Compensation, which is to be deposited by the Company with the Subscription Receipt Agent to be held in escrow on the terms and subject to the conditions of this Agreement;
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Initial Escrowed Proceeds means the Proceeds less an amount representing 50% of the Agents’ Commission;
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Examples of Initial Escrowed Proceeds in a sentence

  • The Subscription Receipt Agent shall provide a written receipt for such Initial Escrowed Proceeds and accept and hold the Escrowed Funds in escrow for and on behalf of the persons who have an interest therein pursuant hereto, shall disburse and deal with the Escrowed Funds in the manner contemplated by this Article 5 and shall at all times keep the Escrowed Funds in a segregated account, all on the terms and subject to the conditions hereof.


More Definitions of Initial Escrowed Proceeds

Initial Escrowed Proceeds means the gross proceeds from the sale of Subscription Receipts less the reasonable professional fees incurred by BG Capital Group Ltd. in connection with its subscription for Subscription Receipts which shall not exceed CDN$25,000 plus applicable taxes and reasonable disbursements (the “BG Capital Expense”);
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Related to Initial Escrowed Proceeds

  • Escrowed Proceeds shall include any interest earned on the amounts held in escrow.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Issuer in good faith.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Declined Proceeds has the meaning assigned to such term in Section 2.11(b)(v).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Cash is defined in Section 4.1(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Indemnity Escrow Amount means $5,000,000.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Excluded Proceeds means, with respect to any Asset Sale or Casualty Event, the sum of, (1) any Net Proceeds therefrom that constitute Declined Proceeds and (2) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable Term Loans pursuant to Section 2.05(2)(b).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Working Capital Escrow Amount means $500,000.