Delivery of Escrow Clause Samples

Delivery of Escrow. Upon the occurrence of the following events and satisfaction of the following conditions, the Escrow Agent shall deliver the Exchange Shares as contemplated below. (a) The Escrow Agent shall release the Exchange Shares and deliver them to the Beneficiaries after receipt of a direction, signed by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, CEO of Pacific Copper, certifying that the Post-Closing Items have been completed or waived as provided in Section 2 hereof. The Escrow Agent shall be entitled to rely on such written instructions delivered to the Escrow Agent by facsimile. (b) In the event the Exchange Shares are not released by the Escrow Agent in accordance with the terms of this Agreement by December 31, 2008, the Escrow Agent shall continue to hold the Exchange Shares and the Exchange Shares shall only be released upon joint written instruction from Pacific Copper and both of the Beneficiaries. It is contemplated that if the Exchange Shares are still held in escrow on December 31, 2008, the parties hereto (other than the Escrow Agent) shall negotiate an acceptable resolution and instruct the Escrow Agent accordingly.
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Delivery of Escrow. The Escrow Agent hereby acknowledges receipt from each Seller, [K] Investments and [K] Holdings of the Escrowed Certificates. The Escrow Agent shall establish at its offices located at [4 N▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇] a secure location in which it shall hold the Escrowed Certificates. The Escrow Agent agrees to hold and release of the Escrowed Certificates, and to act as Escrow Agent, in accordance with all the terms, conditions and provisions of this Agreement.
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Delivery of Escrow. Within five (5) days of the execution hereof, Streeterville shall deliver the Escrow Amount to Escrow Agent. The Escrow Amount shall be held by Escrow Agent pursuant to the terms hereof.
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Related to Delivery of Escrow

  • Delivery of Escrow Funds Upon confirmation by Escrow Agent that the following conditions have been satisfied, Escrow Agent shall disburse the Escrow Funds to Recipient in connection with the closing of the purchase of the Property or other interest therein: (a) Escrow Agent has confirmed that Recipient has sufficient funds to complete the purchase of, or acquisition of other interest approved by the Director in and to, the Property (the “Closing”) and to pay all costs, fees and expenses to be paid by Recipient with respect thereto as disclosed on the settlement statement prepared by Escrow Agent and signed by Recipient and Seller (the “Settlement Statement”). (b) Upon recording of the Conveyance Instrument (as defined in subsection (d) of this Section 2), (i) Recipient will hold marketable title to the Property or (ii) if Recipient is acquiring an interest in the Property other than fee simple, as approved by the Director, Seller holds marketable title to the Property and has granted a valid interest in the Property to Recipient pursuant to the Contract. (c) If the Contract requires, or Recipient has requested and agreed to pay for, a title insurance policy with respect to the Property (the “Title Policy”), Escrow Agent, as title insurer or agent therefor, is prepared to issue the Title Policy to Recipient. (d) Escrow Agent is prepared to record, on the date of Closing, (i) the deed, or other instrument appropriate for the interest in the Property to be conveyed pursuant to the Contract, from Seller to Recipient with respect to the Property (the “Conveyance Instrument”), and (ii) the deed restrictions approved by the Director with respect to the Property (the “Deed Restrictions”). (e) If Escrow Agent is an agent of a title insurance company, Escrow Agent has caused an insured closing letter to be issued to OPWC by such title insurance company with respect to Escrow Agent’s acts in connection with the Closing and Escrow Agent’s performance of its obligations under this Agreement.

  • Delivery of Equipment (a) We will try to deliver Equipment to you on the delivery date (Delivery Date) and at the address (Site) indicated on your Application during normal business hours in that area. (b) Variations at your request to Delivery Date or Site: (i) are at our discretion; and (ii) may be subject to conditions, including extra Charges.

  • Delivery of the Property The Fund will deliver or arrange for delivery to PFPC Trust, all the Property owned by the Portfolios, including cash received as a result of the distribution of Shares, during the term of this Agreement. PFPC Trust will not be responsible for such property until actual receipt.

  • Delivery of Items The Borrower will (a) promptly (but in no event later than one Business Day) after its receipt thereof, deliver to the Lender any documents or certificates of title issued with respect to any property included in the Collateral, and any promissory notes, letters of credit or instruments related to or otherwise in connection with any property included in the Collateral, which in any such case come into the possession of the Borrower, or shall cause the issuer thereof to deliver any of the same directly to the Lender, in each case with any necessary endorsements in favor of the Lender and (b) deliver to the Lender as soon as available copies of any and all press releases and other similar communications issued by the Borrower.

  • Deposit of Escrow Shares On or before the Effective Date, each of the Initial Stockholders shall deliver to the Escrow Agent certificates representing his respective Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges that the certificate representing his Escrow Shares is legended to reflect the deposit of such Escrow Shares under this Agreement.