Examples of Purchaser Funds in a sentence
Approximately CDN $2.8 million of the Purchaser Funds were paid by 68 of the Purchasers who were Ontario residents.
After deducting the 24% GWI Marketing Fee, GWI remitted the remainder of the Purchaser Funds to Armadillo.
GWI retained approximately 24% of the Purchaser Funds as a fee for the marketing and administration of the Partnership Agreements (the “GWI Marketing Fee”).
As at the Execution Date the Purchaser has Purchaser Funds of $115.0 million, and on the Settlement Date, the Purchaser will have not less than the Minimum Amount in the trust account and such Purchaser Funds are held by a bank of recognised financial responsibility which has not had a Insolvency Event.
Qualified Purchaser Funds (3(c)7)funds) securities of an open-end management type investment company or investment fund advised by a Registered Advisor under rule 3(c)(7) of the Federal Investment Company Act of 1940, provided that the funds investment guidelines state that the fund will seek to maintain a $1 per share net asset value.
As at the Execution Date, the Purchaser has Purchaser Funds of $115.0 million, and on the Second Court Date, the Purchaser will have not less than the Minimum Amount and (unless otherwise agreed by White Energy) not more than the Maximum Amount in the trust account and such Purchaser Funds are held by a bank of recognised financial responsibility which has not had a Insolvency Event.
If, on or before the Merger Implementation Date, a Material Adverse Effect on the profitability or value of the Purchaser Shares or the Consideration Shares, or the available Purchaser Funds shall have occurred, the Purchaser must, immediately upon becoming aware of that event, give written notice to White Energy fully describing the event.
If Purchaser terminates this Agreement during the Due Diligence Period, Escrow Agent shall immediately release all Purchaser Funds held by Escrow Agent, including the Deposit, to Purchaser.
The consummation of the transaction contemplated herein (“Closing”) shall occur on the Closing Date at the offices of Escrow Agent (or such other location as may be mutually agreed upon by Seller and Purchaser), Funds shall be deposited into and held by Escrow Agent in a closing escrow account with a bank satisfactory to Purchaser and Sellers.
Use of Purchaser Funds Purchaser Revenue Funds on an Interest Payment Date On each Interest Payment Date, the Purchaser will be entitled to utilise the Purchaser Revenue Funds in order to pay the amounts required by the Purchaser Pre-Enforcement Revenue Payment Priorities.