Common use of Collection Procedure Clause in Contracts

Collection Procedure. Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to Escrow Agent shall be returned to the Investor(s)and/or the Subscriber. In such cases, Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after Escrow Agent has cleared such funds. If Escrow Agent has not yet submitted a rejected subscriber's wire for collection, Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or the SubscriberPlacement Agent. In such cases, the Escrow Agent will promptly notify the Company of for such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, the Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire for collection, the Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to the Escrow Agent.

Collection Procedure. Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to Escrow Agent shall be returned to the Investor(s)and/or Consultant and/or the Subscriber. In such cases, Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after Escrow Agent has cleared such funds. If Escrow Agent has not yet submitted a rejected subscriber's wire for collection, Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to Escrow Agent shall be returned to the Investor(s)and/or the SubscriberPlacement Agent. In such cases, Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after Escrow Agent has cleared such funds. If Escrow Agent has not yet submitted a rejected subscriber's wire for collection, Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire check for collection and, and upon collection of the proceeds of each wire check, deposit the collected proceeds in the Escrow Account. Any wires check returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or investor that submitted the Subscribercheck. In such cases, the Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire check for collection, the Escrow Agent shall promptly issue a check or wire in the amount of the subscriber's wire check to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire check for collection, the Escrow Agent shall promptly remit the subscriber's wire check directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to Escrow Agent shall be returned to the Investor(s)and/or Investor and/or the Subscribersubscriber. In such cases, Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after Escrow Agent has cleared such funds. If Escrow Agent has not yet submitted a rejected subscriber's wire for collection, Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or the SubscriberPlacement Agent. In such cases, the Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, the Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire for collection, the Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to the Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire check received for collection and, upon collection of the proceeds of each wire check, deposit the collected proceeds in into the Escrow Account. Any wires check returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/Company or redeposited at the Subscriber. In such cases, Escrow Agent will promptly notify request of the Company of such returnCompany. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscribersubscriber in the amount of the collected funds. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire ’s check for collection, the Escrow Agent shall promptly issue a check or wire in the amount of the subscriber's wire ’s check to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire ’s check for collection, the Escrow Agent shall promptly remit the subscriber's wire ’s check directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire check received for collection and, upon collection of the proceeds of each wire check, deposit the collected proceeds in into the Escrow Account. Any wires check returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or maker of the Subscriber. In such cases, Escrow Agent will promptly notify the Company of such returncheck. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscribersubscriber in the amount of the collected funds. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire ’s check for collection, the Escrow Agent shall promptly issue a check or wire in the amount of the subscriber's wire ’s check to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire ’s check for collection, the Escrow Agent shall promptly remit the subscriber's wire ’s check directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or the SubscriberPlacement Agents. In such cases, the Escrow Agent will promptly notify the Company of for such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, the Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire for collection, the Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to the Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire check for collection and, upon collection of the proceeds of each wire check, deposit the collected proceeds in the Escrow Account. Any wires check returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or the SubscriberPlacement Agent. In such cases, the Escrow Agent will promptly notify the Company Trust of such return. If the Company or the Trust rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company or the Trust rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire check for collection, the Escrow Agent shall promptly issue a check or wire in the amount of the subscriber's wire check to the rejected subscriber after the Escrow Agent has cleared such the funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire check for collection, the Escrow Agent shall promptly remit the subscriber's wire check directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection each check which it receives as contemplated hereby and, upon collection of the proceeds of each wire such check, to deposit the collected proceeds in the Escrow Account. As an alternative, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid. Any wires check returned unpaid to the Escrow Agent shall be returned by the Escrow Agent to the Investor(s)and/or Subscriber that submitted the Subscribercheck. In such cases, the Escrow Agent will promptly notify the Company Entity of such return. If the Company Entity rejects any subscription for which subscription, the Entity shall promptly notify the Escrow Agent has already collected fundsin writing of the same and after receipt of any such notice, (a) the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If subscriber if the Company rejects any subscription for which Escrow Agent has already collected funds therefor, (b) if the Escrow Agent has not yet collected funds but has submitted the subscriber's wire check for collection, the Escrow Agent shall promptly issue a check or wire in the amount of the subscriber's wire check to the rejected subscriber after the Escrow Agent has cleared collected such funds. If , and (c) if the Escrow Agent has not yet submitted a rejected subscriber's wire check for collectioncollection or upon the return unpaid of any rejected subscriber's check, the Escrow Agent shall promptly remit the subscriber's wire check directly to the subscriber. The Company shall provide payment instructions to Escrow Agent8.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or the SubscriberPlacement Agents. In such cases, the Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, the Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire for collection, the Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to the Escrow Agent.

Collection Procedure. Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to Escrow Agent shall be returned to the Investor(s)and/or the Subscribersubscriber. In such cases, Escrow Agent will promptly notify the Company of such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after Escrow Agent has cleared such funds. If Escrow Agent has not yet submitted a rejected subscriber's wire for collection, Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor(s)and/or the SubscriberAgent. In such cases, the Escrow Agent will promptly notify the Company of for such return. If the Company rejects any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If the Company rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's wire for collection, the Escrow Agent shall promptly issue a check or wire the amount of the subscriber's wire to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's wire for collection, the Escrow Agent shall promptly remit the subscriber's wire directly to the subscriber. The Company shall provide payment instructions to the Escrow Agent.

Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection each check which it receives as contemplated hereby and, upon collection of the proceeds of each wire such check, to deposit the collected proceeds in the Escrow Account. As an alternative, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid. Any wires check returned unpaid to the Escrow Agent shall be returned by the Escrow Agent to the Investor(s)and/or Subscriber that submitted the Subscribercheck. In such cases, the Escrow Agent will promptly notify the Company Entity of such return. If the Company Entity rejects any subscription for which subscription, the Entity shall promptly notify the Escrow Agent has already collected fundsin writing of the same and after receipt of any such notice, (a) the Escrow Agent shall promptly issue a refund check or wire to the rejected subscriber. If subscriber if the Company rejects any subscription for which Escrow Agent has already collected funds therefor, (b) if the Escrow Agent has not yet collected funds but has submitted the subscriber's wire check for collection, the Escrow Agent shall promptly issue a check or wire in the amount of the subscriber's wire check to the rejected subscriber after the Escrow Agent has cleared collected such funds. If , and (c) if the Escrow Agent has not yet submitted a rejected subscriber's wire check for collectioncollection or upon the return unpaid of any rejected subscriber's check, the Escrow Agent shall promptly remit the subscriber's wire check directly to the subscriber. The Company shall provide payment instructions to Escrow Agent.