Common use of Collected Funds Clause in Contracts

Collected Funds. No Subscription Payment shall be disbursed pursuant to Section 5 until such Subscription Payment has been received by the Escrow Agent in immediately available funds.

Appears in 11 contracts

Samples: Escrow Agreement (VESPER Corp), Escrow Agreement (Reven Housing REIT, Inc.), Escrow Agreement (Reven Housing REIT, Inc.)

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Collected Funds. No portion of the Subscription Payment Payments shall be disbursed pursuant to Section 5 until unless such Subscription Payment has funds have been received by the Escrow Agent in immediately available funds, or such funds have cleared.

Appears in 1 contract

Samples: Subscription Agreement (Cas Medical Systems Inc)

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Collected Funds. No Subscription Payment shall be disbursed pursuant to Section 5 6 above until such Subscription Payment has been received by the Escrow Agent in immediately available funds.

Appears in 1 contract

Samples: Escrow Agreement (Nine Mile Software, Inc.)

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