Common use of Closing in Escrow Clause in Contracts

Closing in Escrow. The parties hereto contemplate closing this Plan of Exchange in escrow pursuant to the terms of an Escrow Agreement, a copy of which is attached as Exhibit A hereto. When the documents and securities held in escrow have been released and delivered to the respective parties, a change in control of HTAG shall have occurred. The issuance of common shares of HTAG and exchange of capital stock of ▇▇▇▇ ▇▇▇▇ shall be consummated upon delivery of certain payments in accordance with the terms of the Escrow Agreement.

Appears in 3 contracts

Sources: Plan of Exchange (Songzai International Holding Group Inc), Plan of Exchange (Songzai International Holding Group Inc), Plan of Exchange (Heritage Companies Inc)

Closing in Escrow. The parties hereto contemplate closing this Plan of Exchange in escrow pursuant to the terms of an Escrow Agreement, a copy of which is attached as Exhibit A hereto. When the documents and securities held in escrow have been released and delivered to the respective parties, a change in control of HTAG shall have occurred. The issuance of common shares of HTAG and exchange of capital stock of ▇▇Yong Heng shall be consummated up▇▇ ▇▇▇▇ shall be consummated upon delivery ▇▇▇ry of certain payments in accordance with the terms of the Escrow Agreement.

Appears in 1 contract

Sources: Plan of Exchange (Heritage Companies Inc)