Closing Date and Escrow Agent. Closing shall be effected through delivery of funds to the Company by the Escrow Agent, and delivery of certificates evidencing the Subordinated Debentures to the Purchaser by the Escrow Agent. Each of the Company and the Purchaser agrees that the Escrow Agent has no liability as a result of any fraudulent or unlawful conduct of any other party, and agrees to hold the Escrow Agent harmless.
Closing Date and Escrow Agent. The date of the issuance of the Debentures and the sale of the Debentures as evidenced by receipt of the COMPANY from the Escrow Agent of Purchaser's purchase funds (the "Closing Date") shall be no later than two (2) business days after execution hereof by all parties or such other mutually agreed to time. PURCHASER shall within three (3) business days after acceptance and execution of this Agreement by the COMPANY, deliver the necessary funds as indicated in Paragraph 1 to the Escrow Agent. Debentures will be delivered to the Escrow Agent at the instructions of the COMPANY. PURCHASER agrees that the Escrow Agent has no liability as a result of any fraudulent or unlawful conduct of any other party, and agrees to hold the Escrow Agent harmless.
Closing Date and Escrow Agent. The date of the issuance of the Shares in the name of the Purchaser (the "Closing Date") shall be the date an executed copy of the Agreement and funds are received by the Issuer, and certificates are delivered to the Escrow Agent. Purchaser shall forthwith deliver the necessary funds as indicated in Paragraph 1 to the Escrow Agent. Share Certificates will be delivered at
Closing Date and Escrow Agent. The date of the issuance of the Securities in the name of Subscriber (the "Closing") shall be the date upon which the Company issues the Note, or such mutually agreed date thereafter as the parties shall determine. Closing shall be effectuated following delivery of funds to (the "Escrow Agent"), to the account designated in Section 1c hereof. Subscriber instructs the Escrow Agent and gives the Escrow Agent its good and sufficient authority to release funds from the Offering Escrow Account to Issuer and all other necessary parties including, without limitation, the payment of all placement agent fees and commissions, facilitation fees in connection with the purchase of Securities and expenses of the offering of Securities contemplated by the Offering Documents. Subscriber agrees that the Escrow Agent, in its capacity as Escrow Agent, has no liability as a result of any fraudulent or unlawful conduct of any other party and agrees to hold the Escrow Agent harmless.
Closing Date and Escrow Agent. The date of the issuance of the Preferred Shares and the sale of the Preferred Shares as evidenced by receipt by the COMPANY of PURCHASER's purchase funds (the "Closing Date") shall be no later than ten (10) business days after execution hereof by all parties or such other mutually agreed to time. PURCHASER shall, within five (5) days after acceptance and execution of this Agreement by the COMPANY, deliver the necessary funds as indicated in Paragraph 1 to the Escrow Agent. Preferred Shares will be delivered to the Escrow Agent at the instructions of the COMPANY. PURCHASER agrees that the Escrow Agent has no liability as a result of any fraudulent or unlawful conduct of any other party, and agrees to hold the Escrow Agent harmless.
Closing Date and Escrow Agent. The date of the issuance of the Debentures and the sale of the Debentures as evidenced by receipt by the COMPANY from the Escrow Agent of PURCHASER'S purchase funds (the "Closing Date") shall be no later than ten (10) business days after execution hereof by all parties or such other mutually agreed to time. PURCHASER shall, within three (3) business days after acceptance and execution of this Agreement by the COMPANY, deliver the necessary funds as indicated in Paragraph 1 to the Escrow Agent. Debentures will be delivered to the Escrow Agent at the instructions of the COMPANY. PURCHASER agrees that the Escrow Agent has no liability as a result of any fraudulent or unlawful conduct of any other party, and agrees to hold the Escrow Agent harmless for costs arising out of such fraudulent or unlawful conduct of others.
Closing Date and Escrow Agent. The date of the issuance of the Shares in the name of Purchaser (the "Closing Date") shall be the date the funds were wired to the Issuer by the Escrow Agent. The Closing ("Closing") shall be effected through delivery of funds and certificates to the Escrow Agent. Purchaser shall forthwith deliver the necessary funds as indicated in Section 1 to the Escrow Agent. Share certificates ("Certificates") will be delivered at the instructions of the Issuer to the Escrow Agent: Joseph B. LaRocco, Esquire, 1055 Wxxxxxxxxx Xxxxxxxrd, 8th Floxx, Xxxxxxxx, Xxxxxxxxxxx 00000. Xxxxxxxxx xxx Xxxxxx xxxxx xxxx the Escrow Agent, in his capacity as Escrow Agent, has no liability as a result of any fraudulent or unlawful conduct of any party other than the Escrow Agent and agree to hold the Escrow Agent harmless except in circumstances involving gross negligence or willful misconduct by the Escrow Agent. In the event the Certificates are not received by the Escrow Agent from the Issuer within Five (5) Business Days of the date of receipt of both the executed original of this Agreement and the escrowed funds, the Escrow Agent shall return the escrowed funds without interest to Purchaser by wire transfer pursuant to written instructions.
Closing Date and Escrow Agent. The date of the issuance of the Shares in the name of the Purchaser (the "Closing Date") shall be the date funds are wired to the Company. Closing shall be effected through delivery of funds and certificates to the Escrow Agent. Purchaser shall forthwith deliver the necessary funds as indicated in Paragraph 1 to the Escrow Agent. Share Certificates will be delivered at the instructions of the Issuer to the Escrow Agent: Xxxxxx X. XxXxxxx, Esquire, 0000 Xxxxxxxxxx Xxxxxxxxx, Xxxxxxxx, Xxxxxxxxxxx 00000. Purchaser herein instructs the Escrow Agent, and gives the Escrow Agent its good and sufficient authority to release the Subscription Proceeds, less placement fees to which the Issuer has agreed in writing, in connection with the purchase of the Shares, upon receipt by the Escrow Agent of said Shares subscribed for, subject to the terms and conditions of any Escrow Agreement in effect between the Issuer and the Escrow Agent. Purchaser and Issuer agree that the Escrow Agent, in his capacity as Escrow Agent, has no liability as a result of any fraudulent or unlawful conduct of any party other than the Escrow Agent and agree to hold the Escrow Agent harmless in such event. The Escrow Agent shall not be liable for any action taken or omitted by him in good faith and in no event shall the Escrow Agent be liable or responsible except for the Escrow Agent's own gross negligence or willful misconduct. The Escrow Agent has made no representations or warranties in connection with this transaction and has not been involved in the negotiation of the terms of this Agreement or any matters relative thereto. Seller and Purchaser each agree to indemnify and hold harmless the Escrow Agent from and with respect to any suits, claims, actions or liabilities arising in any way out of this transaction including the obligation to defend any legal action brought which in any way arises out of or is related to this Agreement. The Escrow Agent is not rendering securities advice to anyone with respect to this proposed transaction; nor is the Escrow Agent opining on the compliance of the proposed transaction under applicable securities law. In the event the Share Certificates are not received by the Escrow Agent from the Issuer within Five (5) Business Days of the date of receipt of the Escrowed Funds, the Escrow Agent shall return the Escrowed funds without interest to the Purchaser by wire transfer pursuant to written instructions.
Closing Date and Escrow Agent. The date of the issuance of the Shares in the name of Subscriber (the "Closing") shall be September 24, 1996 or such mutually agreed date thereafter as the parties shall determine. Closing shall be effectuated following delivery of funds to Xxxxx Xxxxx, escrow agent (the "Escrow Agent"), to the account designated in Section 1b hereof. Subscriber instructs the Escrow Agent and gives the Escrow Agent its good and sufficient authority to release funds from the Offering Escrow Account to Issuer and all other necessary parties including, without limitation, the payment of all placement agent fees and commissions, facilitation fees in connection with the purchase of Shares and expenses and the offering of Shares contemplated by the Offering Documents. Subscriber agrees that the Escrow Agent, in its capacity as Escrow Agent, has no liability as a result of any fraudulent or unlawful conduct of any other party and agrees to hold the Escrow Agent harmless.
Closing Date and Escrow Agent. The date of the issuance of the Shares in the name of the PURCHASER (the "Closing Date") shall be October 7, 1996. Closing shall be effected through delivery of funds and certificates to the Escrow Agent as per a separate Escrow Agreement. PURCHASER shall forthwith deliver the necessary funds as indicated in Paragraph 1 to the Escrow Agent. Share Certificates will be delivered at the instructions of the ISSUER to the Escrow Agent: ______________________________. PURCHASER herein instructs the Escrow Agent, and gives the Escrow Agent its good and sufficient authority to release funds to the ISSUER and placement agent in connection with the purchase of the Shares, upon receipt by the Escrow Agent of said Shares subscribed for, subject to the terms and conditions of any Escrow Agreement in effect between the Issuer and the Escrow Agent. PURCHASER and ISSUER agree that the Escrow Agent, In his capacity as Escrow Agent, has no liability as a result of any fraudulent or unlawful conduct of any party other than the Escrow Agent and agree to hold the Escrow Agent harmless in such event. In the event the Share Certificates are not received by the Escrow Agent from the ISSUER within Five (5) Business Days of the date of receipt of the Escrowed Funds, the Escrow Agent shall return the Escrowed funds without interest to the PURCHASER by wire transfer pursuant to written instructions.
