Receipt of Property. (a) The Escrow Agent hereby acknowledges receipt from the Investors of immediately available funds in the aggregate amount of $11,339,300.70.
Receipt of Property. (a) Promptly after the Effective Time, UK Acquiror will deliver the Initial Primary Escrow Funds and the Secondary Funds to the Escrow Agent and the Escrow Agent shall deposit such Funds in the Primary Escrow Account and the Secondary Escrow Account, respectively, as directed. Furthermore, promptly after the time, if ever, that UK Subsidiary receives the UK Tax Credit, UK Acquiror will deliver the UK Tax Credit Escrow Funds to the Escrow Agent and the Escrow Agent shall deposit such Funds in the Primary Escrow Account. Following the Escrow Agent’s receipt of each such Funds, the Escrow Agent will acknowledge receipt thereof by written notice to Parent and Representative (which written notice may be in the form of an e-mail to Parent’s legal counsel and to Representative).
Receipt of Property. In-Place". Occasionally, a particular piece of excess ----------------------------- property would require an extraordinary conveyance to transport it to the nearest disposal turn-in point. Other excess property may be extremely dangerous to transport to a turn-in point. Sometimes, no disposal turn-in point may have the storage capacity or regulation-conforming facilities to store certain property. Still other property to be disposed of may be installed and would require dismantling prior to shipment to a turn-in point. In these and other unusual situations. DPDO Barstow may elect to receive such property "in- place". This means a DPDO receiving person will visit the property's location, inspect the property, verify the turn-in documentation. and sign for accountability of the property "in-place". while DPDO Barstow takes accountability for the property, the responsibility for the safekeeping care, and frequently the issue or release of property remains with the activity turning-in the property. All requests for DPDO Barstow to receive property in- place should be directed to the Chief, DPDO Barstow, AUTOVON 282-6568.
Receipt of Property. After the initial contribution in ------------------- trust, the trustees may receive and accept property, real or personal, by way of gift, bequest or devise, from any person, including the grantor and any firm, trust or corporation, to be held, administered and disposed of in accordance with and pursuant to the provisions of this trust agreement; provided, however, the trustees shall have discretion to accept or reject any such property; provided further, however, no gift, bequest or devise of any such property shall be received and accepted if it is conditioned or limited in such manner as to require the disposition of the income or its principal to any person or organization other than a charitable organization and for other than charitable purposes, or as shall in the opinion of the trustees jeopardize the federal income tax exemption of the Foundation pursuant to Section 501(c)(3) of the Internal Revenue Code.
