Examples of Additional Deposits in a sentence
If the provisions of 4.1(a) are satisfied, Escrow Agent shall, within five (5) business days after receipt of the notification and check specified in Paragraph 4.1(a), deliver the Deposit Materials and Outstanding Additional Deposits in accordance with the applicable instructions.
The Additional Deposits shall be applicable toward the Purchase Price and shall treated the same as the Exxxxxx Money as set forth herein.
The Partnerships shall have thirty (30) days after receiving written notice from the Secretary of any inadequacy of the Additional Availability of Funds to provide additional Letters of Credit and/or Additional Deposits to maintain an aggregate sum of Eight Million Dollars ($8,000,000).
Additional Deposits..........................................................................
The Escrow Agent shall deposit the Initial Deposit and Additional Deposits when received and as defined in Section 2.02, into a federally insured interest bearing account or accounts that are segregated and refer to the Escrow and require the signature of an authorized officer of Escrow Agent for withdrawal of funds.
Subject to the requirements of Section ----------- 5.4(b)(viii) of the Merger Agreement, the delivery by Esperion to the Escrow Agent of the Additional Deposits, if any, shall be made by Esperion to the Escrow Agent in cash, shares of Esperion Common or a combination thereof, in Esperion's sole discretion.
Amax Gold shall use its Commercially Reasonable Efforts to cause Omolon to identify and explore Additional Deposits.
All interest earned on the Initial Deposit and Additional Deposits shall be credited to and be for the benefit and account of the Buyer.
The Partnerships agree that the Additional Availability of Funds in the form of Letters of Credit and/or the Additional Deposits shall not be in lieu of any other deposits, in whole or in part, that the Partnerships are required to make into the Title XI Reserve Fund in accordance with the terms hereof or any other document providing security to the Secretary for the Title XI Financing.
To the extent that at any time the Additional Availability of Funds, including the Letters of Credit, Additional Deposits, and any accrued earnings thereon, but excluding Obligations Deposits made in accordance with Section 6(b) below, exceeds Eight Million Dollars ($8,000,000), the Secretary shall approve any Request by K-Sea LP to withdraw from Additional Deposits an amount equal to or less than such excess amount, provided that no Security Default or Payment Default exists at such time.