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.
Appears in 3 contracts
Samples: Subscription Agreement (Stratcomm Media LTD), Subscription Agreement (Stratcomm Media LTD), Subscription Agreement (Stratcomm Media LTD)
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 Series A Preferred Stock to the Purchaser by the Escrow AgentCompany. 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.
Appears in 1 contract
Samples: Revised Subscription Agreement (Internet Commerce Corp)
