Common use of Closing Escrow Holdback Clause in Contracts

Closing Escrow Holdback. The Company and Investors agree that, from the aggregate Investment Amounts to be delivered into escrow pursuant to the Closing Escrow Agreement, at the Closing US$4,000,000 (“Total Holdback Amount”) shall be deposited into escrow and administered in accordance with the Holdback Escrow Agreement in order to incentivize the Company to satisfy the following conditions:

Appears in 1 contract

Sources: Securities Purchase Agreement (Genesis Pharmaceuticals Enterprises, Inc.)

Closing Escrow Holdback. The Company and Investors agree that, from the aggregate Investment Amounts to be delivered into escrow pursuant to the Closing Escrow Agreement, at the Closing US$4,000,000 $1,750,000 (“Total Holdback Amount”) shall be deposited into escrow and administered in accordance with the Holdback Escrow Agreement in order to incentivize the Company to satisfy the following conditions:

Appears in 1 contract

Sources: Securities Purchase Agreement (First Growth Investors Inc)

Closing Escrow Holdback. The Company and Investors agree that, from the aggregate Investment Amounts to be delivered into escrow pursuant to the Closing Escrow Agreement, at the Closing US$4,000,000 $3,150,000 (“Total Holdback Amount”) shall be deposited into escrow and administered in accordance with the Holdback Escrow Agreement in order to incentivize the Company to satisfy the following conditions:

Appears in 1 contract

Sources: Securities Purchase Agreement (China Valves Technology, Inc)

Closing Escrow Holdback. The Company and Investors agree that, from the aggregate Investment Amounts to be delivered into escrow pursuant to the Closing Escrow Agreement, at the Closing US$4,000,000 $500,000 (“Total Holdback Amount”) shall be deposited into escrow and administered in accordance with the Holdback Escrow Agreement in order to incentivize the Company to satisfy the following conditions:

Appears in 1 contract

Sources: Securities Purchase Agreement (Golden Elephant Glass Technology, Inc.)

Closing Escrow Holdback. The Company and Investors agree that, from the aggregate Investment Amounts to be delivered into escrow pursuant to the Closing Escrow AgreementAgreement to establish a Closing Escrow, at into which an amount equal to $4,250,000 out of the Closing US$4,000,000 Investment Amount (“Total Holdback Amount”) shall be deposited into escrow and administered in accordance with the Holdback Escrow Agreement in order held back as follows, to incentivize be released to the Company to satisfy if and when the following conditionsconditions are satisfied:

Appears in 1 contract

Sources: Securities Purchase Agreement (Energroup Holdings Corp)

Closing Escrow Holdback. The Company and Investors agree that, from the aggregate Investment Amounts to be delivered into escrow pursuant to the Closing Escrow Agreement, at the Closing US$4,000,000 $450,000 (“Total Holdback Amount”) shall be deposited into escrow and administered in accordance with the Holdback Escrow Agreement in order to incentivize the Company to satisfy the following conditions:

Appears in 1 contract

Sources: Securities Purchase Agreement (Fashion Tech International Inc)