Common use of Closing Date and Escrow Agent Clause in Contracts

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 Debentures and the sale of the Debentures as evidenced by receipt of by the COMPANY from the Escrow Agent of Purchaseror each PURCHASER's purchase funds (the "Closing Date") shall be no later than two ten (210) business days after execution hereof by all parties or such other mutually agreed to time. PURCHASER shall 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 Debentures and the sale of the Debentures as evidenced by receipt of by the COMPANY from the Escrow Agent of PurchaserPURCHASER'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 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. 13 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.