Examples of Joint Written Direction in a sentence

If the Depositor is selected as the Winning Bidder under the terms of the Sale Procedures Order, then, upon the closing of the sale of the Purchased Assets to Depositor (the “Closing”), Depositor and Recipient shall immediately sign a Joint Written Direction directing Escrow Agent to release to Recipient, all Escrow Funds to be applied against the amounts due from Depositor to Recipient at Closing.
This Escrow Agreement and any Joint Written Direction may be executed in two or more counterparts, which when so executed shall constitute one and the same agreement or direction.

More Definitions of Joint Written Direction

Joint Written Direction is a direction in writing, executed by one each of the Representatives from the Depositor and Recipient, directing Escrow Agent to disburse all or a portion of the Escrow Funds or take or refrain from taking any other action pursuant to this Escrow Agreement. “Representatives” are the Depositor Representative and the Recipient Representative.

Joint Written Direction means a written direction executed by the Representatives (as defined below) and directing the Escrow Agent to disburse all or a portion of Escrow Shares or to take or refrain from taking an action pursuant to this Agreement.

Joint Written Direction means a written direction executed and delivered by the Company and the Placement Agent, directing the Escrow Agent to disburse all or a portion of the Escrow Funds or otherwise directing any party hereto to take or refrain from taking an action pursuant to this Agreement. Any Joint Written Direction relating to a disbursement of Escrow Funds shall certify with reasonable detail satisfactory to Escrow Agent in its sole discretion (i) that the Company has received and accepted subscription agreements (and the accompanying payments have been deposited in the Escrow Funds and have cleared) equal to the Offering Amount, and (ii) its instructions as to the payment of the subscription proceeds. Each Joint Written Direction shall be accompanied by the documents set forth in Schedule B hereto.

Joint Written Direction means a Joint Notice (as defined below) or any other direction executed by the Representatives to take or refrain from taking an action pursuant to this Agreement.

Joint Written Direction means a written direction executed and delivered by the Company and the Dealer Manager, directing the Escrow Agent to disburse all or a portion of the Escrow Funds or otherwise directing any party hereto to take or refrain from taking an action pursuant to this Agreement. Any Joint Written Direction relating to a disbursement of Escrow Funds shall certify with reasonable detail satisfactory to Escrow Agent in its sole discretion (i) that the Company has received and accepted subscription agreements (and the accompanying payments have been deposited in the Escrow Funds and have cleared) equal to the Minimum Amount and (ii) its instructions as to the payment of the subscription proceeds. Each Joint Written Direction shall be accompanied by the documents set forth in Schedule B hereto. “Pro Rata Basis” with respect to the allocation among Purchasers of interest and other earnings held in the Escrow Funds, shall mean, for each Purchaser, the Purchaser’s Cash Investment multiplied by the number of days the Cash Investment of such Purchaser was held in interest-bearing investments pursuant to Section 6 hereof, divided by the product of the total subscriptions multiplied by the number of days invested, multiplied by the investment earnings on the Escrow Funds during such period of days.

Joint Written Direction means the joint written direction attached as Exhibit B to this Settlement Agreement.