Manner of Distributions. All disbursements hereunder to be made in cash shall be made by the Escrow Agent by wire transfer of immediately available funds to such account(s) as may be designated in writing to the Escrow Agent by the Party entitled to such payment. All interest and earnings, if any, attributable to the Escrow Fund or any other amount held in the Escrow Account pursuant to this Agreement shall be calculated on a pro rata basis from the initial deposit of the funds into the Escrow Fund to the date of such disbursement.
Appears in 1 contract
Sources: Escrow Agreement (Evans & Sutherland Computer Corp)
Manner of Distributions. All disbursements hereunder to be made in cash shall be made by the Escrow Agent by wire transfer of immediately available funds to such account(s) as may be designated in writing to the Escrow Agent by the Party entitled to such payment. All interest and earnings, if any, attributable to the Escrow Fund or any other amount held in the Escrow Account pursuant to this Agreement shall be calculated on a pro rata basis from the initial deposit of the funds into the Escrow Fund to the date of such disbursement.
Appears in 1 contract