Duration of Deposit Clause Samples

Duration of Deposit. I. To the extent not released from escrow under subparts (a), (b), or (c) of subdivision (B)(ii) of Section 5 of this Escrow Agreement (Grounds for a Withdrawal of Escrow Principal) above, the funds shall be released from escrow and revert back to the Company twenty-five (25) years after the Deposit Date. This withdrawal is calculated based upon the Deposit Date, not Sales Year. II. The amount of QEF Principal that a Company may receive as a “Duration of Deposit” release under subdivision (B)(ii)(d) of Section 5 of this Escrow Agreement is the difference between the amount of QEF Principal deposited on a Deposit Date and the sum(s) already released as an “Excess Amount” release under subdivision (B)(ii)(b) of Section 5 of this Escrow Agreement or a “Release Claim” under subdivision (B)(ii)(a) of Section 5 of this Escrow Agreement. III. At least forty-five (45) days before the proposed date of release of such funds, the Escrow Agent shall notify the applicable Beneficiary State in writing of the amount of QEF Principal proposed to be released from its QEF Sub- Account and, if available, provide bank records showing the Deposit Date of the funds sought to be released under this provision.
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Duration of Deposit. WITHDRAWAL OF CUSTODY PROPERTY
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Related to Duration of Deposit

  • Return of Deposit Unless otherwise specified in this Agreement, in the event any condition of this Agreement is not met and the Buyer has fulfilled any required notice obligation in a timely manner regarding the condition having not been met, the Escrow Money shall be returned in accordance with South Dakota law.

  • Release of Deposit If DSI does not receive Contrary Instructions from the Depositor, DSI is authorized to release the Deposit Materials to the Preferred Beneficiary or, if more than one beneficiary is registered to the deposit, to release a copy of the Deposit Materials to the Preferred Beneficiary. However, DSI is entitled to receive any fees due DSI before making the release. Any copying expense in excess of $300 will be chargeable to Preferred Beneficiary. This Agreement will terminate upon the release of the Deposit Materials held by DSI.

  • Notification of Deposits Along with the delivery of each Deposit, Registry Operator will deliver to Escrow Agent and to ICANN (using the API described in draft-­‐▇▇▇▇▇▇-­‐icann-­‐registry-­‐interfaces, see Part A, Section 9, reference 5 of this Specification (the “Interface Specification”)) a written statement (which may be by authenticated e-­‐mail) that includes a copy of the report generated upon creation of the Deposit and states that the Deposit has been inspected by Registry Operator and is complete and accurate. Registry Operator will include the Deposit’s “id” and “resend” attributes in its statement. The attributes are explained in Part A, Section 9, reference 1 of this Specification. If not already an RFC, Registry Operator will use the most recent draft version of the Interface Specification at the Effective Date. Registry Operator may at its election use newer versions of the Interface Specification after the Effective Date. Once the Interface Specification is published as an RFC, Registry Operator will implement that version of the Interface Specification, no later than one hundred eighty (180) calendar days after such publishing.

  • Payment of Deposit That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Cash. Amount Rs.50000/-(Fifty Thousand Only)

  • Verification of Deposits 7.1. Within twenty-­‐four (24) hours after receiving each Deposit or corrected Deposit, Escrow Agent must verify the format and completeness of each Deposit and deliver to ICANN a notification generated for each Deposit. Reports will be delivered electronically using the API described in draft-­‐▇▇▇▇▇▇-­‐icann-­‐registry-­‐interfaces, see Part A, Section 9, reference 5 of this Specification. 7.2. If Escrow Agent discovers that any Deposit fails the verification procedures or if Escrow Agent does not receive any scheduled Deposit, Escrow Agent must notify Registry Operator either by email, fax or phone and ICANN (using the API described in draft-­‐▇▇▇▇▇▇-­‐icann-­‐registry-­‐interfaces, see Part A, Section 9, reference 5 of this Specification) of such nonconformity or non-­‐receipt within twenty-­‐four (24) hours after receiving the non-­‐conformant Deposit or the deadline for such Deposit, as applicable. Upon notification of such verification or delivery failure, Registry Operator must begin developing modifications, updates, corrections, and other fixes of the Deposit necessary for the Deposit to be delivered and pass the verification procedures and deliver such fixes to Escrow Agent as promptly as possible.