Method of Distributions. Any amount distributed to SGASH or Cowen LLC pursuant to this Agreement shall be paid in U.S. Dollars. Unless otherwise instructed by the party to whom funds are to be released, the Escrow Agent shall liquidate assets in the Escrow Fund to the extent that sufficient cash is not available in the Escrow Fund at the time any such distribution is to be made and shall pay the proceeds thereof to SGASH or Cowen LLC, as applicable, in accordance with this Section 3(h). Unless otherwise instructed by the party to whom funds are to be released, any distribution from the Escrow Fund to SGASH or Cowen LLC shall be paid by wire transfer of immediately available funds to the account and in accordance with the wire transfer instructions designated for such party on Schedule III attached hereto or to such other account as SGASH or Cowen LLC, as applicable, may designate in writing.
Appears in 3 contracts
Sources: Escrow Agreement (Cowen Group, Inc.), Escrow Agreement (Cowen Group, Inc.), Escrow Agreement (Cowen Group, Inc.)