Creation of Escrow. (a) At the Closing, as collateral security for the payment of any indemnification obligations of the Stockholders pursuant to Sections 12.1 and 12.2 hereof and for the payment of amounts due pursuant to Article 3 hereof, the following shall be delivered to UniCapital's Transfer Agent as indemnity escrow agent (the "Indemnity Escrow Agent"):
Creation of Escrow. Promptly following the Acceptance Date, an escrow (herein referred to as the “Escrow”) shall be created and established with the Title Company or other escrow company chosen by the parties (which Title Company, when acting in its escrow capacity, or other escrow company, shall be herein referred to as the “Escrow Agent”), for the closing of this transaction and for the receipt and delivery of funds, the deed and other documents and instruments to be delivered upon the terms and conditions of this Agreement.
Creation of Escrow. Over the five business days on and after the Effectiveness Date, the Employee shall use the entire Escrow Amount to purchase shares of Parent Common Stock in open market brokerage transactions. The Employee hereby agrees to transfer to the Escrow Agent all such shares of Parent Common Stock (the "Escrowed Shares") as they are purchased. The Employee has executed the attached irrevocable order to purchase the Escrowed Shares as soon as practicable over the five business days on and after the Effectiveness Date. The Escrow Agent hereby agrees to accept the Escrowed Shares and hold the same in escrow pursuant to the terms of this Agreement.
Creation of Escrow. At any time and from time to time after the date hereof until completion of the Offering and Closing thereunder, the Underwriter shall cause to be delivered to the Escrow Agent, from the Subscribers, funds or instruments payable to the Escrow Agent as escrow agent representing the purchase price of shares subscribed for by Subscribers. The Escrow Agent shall accept and hold in escrow all such funds so received by it for deposit in escrow hereunder (the "Escrowed Funds") until released as set forth herein. The Escrow Agent shall maintain books and records of account detailing the source of all funds received by the Escrow Agent.
Creation of Escrow. The Sellers have delivered into escrow with the ------------------ Escrow Agent, the receipt of which is hereby acknowledged by the Escrow Agent, 21,851,503 shares of the Company Common Stock and 1,000,000 shares of the Company Preferred Stock (the "Escrowed Shares"). The Escrowed Shares have been accompanied by stock powers duly executed by the Sellers in favor of the Purchaser, which will be utilized to transfer the Escrowed Shares to the Purchaser upon satisfaction of all of the terms of the Stock Purchase Agreement, the Note, the Stock Pledge Agreement, and the Consulting Agreements or any of the Attachments referred to therein, and this Agreement.
Creation of Escrow. Parent hereby directs the Escrow Agent, at the Effective Time, in its capacity as trustee under the Trust Agreement, to transfer to the Escrow Agent, out of the Trust Funds otherwise payable to Parent pursuant to the Trust Agreement, an amount equal to the Escrowed Amount. The Escrow Agent hereby agrees to accept the Escrowed Amount and hold the same in escrow pursuant to the terms of this Agreement. The Escrow Agent and the other parties hereto agree that all Escrowed Funds held hereunder shall be held for the account of the Parent Indemnified Stockholders for purposes of payment to the Parent Indemnified Stockholders as required under Article IV hereunder and, if not so paid, for the account of Parent to be used as Parent shall determine.
Creation of Escrow. At any time and from time to time after the date hereof until completion of the Offering and Closing thereunder, the Company shall deliver, or cause to be delivered by Xxxxxx, to the Escrow Agent funds representing the purchase price of shares subscribed for by subscribers. The Escrow Agent shall accept and hold in escrow all such funds received by it from the Company or Xxxxxx for deposit in escrow hereunder (the "Escrowed Funds") until released as set forth herein.
Creation of Escrow. Purchaser agrees to deposit with and deliver to Escrow Agent, the net closing proceeds of the Seller's Property, which net closing proceeds shall consist of cash in the amount of One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00) plus or minus any adjustments allowed under Paragraph 4(a) of the Contract and less costs of closing, fees, taxes, and other reductions contemplated by the Contract, said net closing proceeds being hereinafter referred to as the "Escrow Fund." Escrow Agent shall have no responsibility to ascertain whether the funds deposited with it as the Escrow Funds are equal to the net closing proceeds described in the immediately preceding sentence. Each deposit to the Escrow Fund, whether initially made as contemplated above, or made subsequently for whatever reason, shall be in cash, and shall be accompanied by notice to Escrow Agent setting forth the time and method of delivery of such cash, the amount thereof, and directions to Agent shall invest the Escrow Fund at the written request of the parties hereto. Said request shall be by notice, which shall specify the type of investment to be made, the maturity date, and the principal amount to be invested. The Escrow Agent shall not be liable for losses on any investments made by it pursuant to and in compliance with such instructions; and Escrow Agent shall not be responsible or liable for any penalty or loss incurred as a result of the settlement or liquidation of any such investment prior to this maturity to enable Escrow Agent to make any disbursement required hereunder. The Escrow Fund will remain uninvested until such notice of investment instructions is received. All interest earned on the Escrow Fund shall be added to and shall become a part of the Escrow Fund, subject to the same restrictions on distribution as contained herein for the Escrow Fund. No assignment, transfer, conveyance or hypothecation of any right, title or interest in and to the subject matter of this Escrow shall be binding upon Escrow Agent unless notice thereof shall be served upon Escrow Agent and all fees, costs and expenses incident thereto shall have been paid and then only upon Escrow Agent's assent thereto in writing. Escrow Agent shall be under no duty or obligation to ascertain the identity, authority or rights of the parties executing, delivering or purporting to execute or deliver these instructions or any documents, paper, or payments deposited or called for hereunder, and assumes no responsibi...
Creation of Escrow. Investment of Escrowed Funds ----------------------------
Creation of Escrow. Christie shall deliver into escrow with the ------------------ Escrow Agent, the receipt of which is hereby acknowledged by the Escrow Agent, 2,500,000 shares of the Company Common Stock (the "Escrowed Shares"). The escrow created hereunder shall continue until December 31, 2004 or until such time as the Board of Directors of the Company has deemed in their sole discretion and good faith judgment that Christie has cooperated fully with the Company in the proceedings to liquidate all aspects of the business and operations of Christie-Petersen Development, xxxxxxxxx xx xxe later.
