Delivery of Escrow Deposit. Simultaneous with the execution and delivery of the FPM Agreement, Incumbent shall deposit an amount in cash equal to the Incumbent Escrow Deposit in an escrow account with the Escrow Agent to be held, drawn upon and returned by the Escrow Agent in accordance with the terms and conditions hereinafter set forth.
Delivery of Escrow Deposit. Within ninety (90) days after delivery by Pathnet to Incumbent of the System Design as to each Segment, Pathnet shall deposit the amount in cash equal to fifty percent (50%) of the Pathnet Escrow Deposit in an escrow account with the Escrow Agent to be held, drawn upon and returned by the Escrow Agent in accordance with the terms and conditions hereinafter set forth.
Delivery of Escrow Deposit. Upon Buyer's delivery of the Escrow Deposit to Escrow Agent, Escrow Agent agrees to accept, provide Seller an acknowledgment of receipt of, and maintain on deposit in an interest-bearing account the Escrow Deposit.
Delivery of Escrow Deposit. 4.1. FAAC acknowledges that it deposited the Escrow Deposit in an account (the “Escrow Account”) with the Escrow Agent. The FAAC common stock in the Escrow Account, together with any dividends (and any interest or other net income received from or earned thereon) is hereinafter collectively referred to as the “Escrow Property.”
4.2. If, during the term of this Agreement, there is Escrow Property other than the FAAC common shares, the Escrow Agent will invest the Escrow Property (other than the FAAC common stock) as provided in Section 11.
Delivery of Escrow Deposit. Contemporaneously with the execution of this Agreement by the parties, Seller shall deposit into escrow (the "ESCROW") with Escrow Holder out of the Purchase Price proceeds the sum of $3,170,144 (the "DEPOSIT"), which amount represents $2,851,532 with respect to the Initial Tenant Funds, as more particularly set forth on EXHIBIT C attached hereto and made a part hereof, $237,617 with respect to the Vacant Space Funds as more particularly set forth on EXHIBIT C, $61,157 respect to the Leasing Commission Funds as more particularly set forth on EXHIBIT B, $13,438 with respect to the Slippage Funds, as more particularly set forth on Exhibit D attached hereto and made a part hereof and $15,400 with respect to the Flood Zone Funds. Escrow Holder agrees to hold, invest and distribute the Deposit in accordance with the terms and conditions of this Agreement. Seller shall have no liability with respect to payments for base rent, CAM, taxes or insurance for the Pending Initial Tenant Space or the Vacant Space, beyond the Deposit, other than as set forth in Section 5 hereof nor shall Seller have any liability with respect to Slippage beyond the deposit of the Slippage Funds.
Delivery of Escrow Deposit. The Escrow Agent acknowledges receipt of two warrant certificates (referred to herein as “Warrant 1” and “Warrant 2”, and collectively as the “Warrants”) as the initial Escrow Deposit (as defined below) hereunder. Each Warrant represents the right to purchase 875,000 shares of common stock of the Buyer (the “Warrant Shares”) and is exercisable for five (5) years. Warrant 1 has an exercise price of $1.40 per share and Warrant 2 has an exercise price of $2.10 per share. The Buyer and Seller hereby further agree that the Escrow Deposit shall also include, as applicable: (i) any common stock certificates representing Warrant Shares that are issued upon the exercise of the Warrants pursuant to Section 6(d) hereof; (ii) any cash proceeds arising from sale of the Warrants or Warrant Shares pursuant to Section 6(e) hereof (“Cash Proceeds”) and any additional cash deposits required pursuant to Section 6(f) hereof (each, an “Additional Cash Deposit”). The Warrants and, if applicable, Warrant Shares and Cash Proceeds and Additional Cash Deposits shall hereinafter be collectively referred to as the “Escrow Deposit”. Seller acknowledges that the Warrants and the certificates for the Warrant Shares, if any, shall bear a legend to reflect the deposit of such securities in escrow pursuant to this Agreement. The Buyer and Seller agree that the Escrow Deposit is to be held in escrow pursuant to this Agreement as security for any indemnification obligations of Seller under Section 6 of the Purchase Agreement. Seller agrees that it will not hypothecate, pledge, grant a security interest in or otherwise encumber the Warrants, Warrant Shares, Cash Proceeds or Additional Cash Deposits as long as they constitute part of the Escrow Deposit. Prior to the Termination Date, Seller agrees that it will not sell, assign or transfer the Warrants, Warrant Shares, Cash Proceeds or Additional Cash Deposits except in accordance with this Section 4.
Delivery of Escrow Deposit. 1.1. Within 25 days of execution of this Agreement, Client will deliver to Agent by check the amount of Dollars ($ ). The foregoing Deposit is hereinafter referred to as the “Initial Escrow Deposit.” American Living Organ Donor Fund
1.2. The Initial Escrow Deposit may be supplemented with further funds through the following means: Client’s personal funds, fundraisers carried out by Agent, or grants received by Client’s living organ donor from other sources for the purpose of paying the living organ donor expenses associated with Client’s organ transplant. These deposits in total will hereinafter be referred to as “Escrow Deposits.”
1.3. The Escrow Deposits shall be held subject to the provisions set forth herein and only be distributed to the Client’s living organ donor as provided for herein.
1.4. In addition to the Escrow Deposits, Client agrees to pay Agent a non-refundable
Delivery of Escrow Deposit. You are hereby authorized to deliver the Escrow Deposit in accordance with one of the following:
a. A joint written direction of the Seller and Xxxxx or their attorneys.
b. A certified copy of a court order directing the disbursement of the Escrow Deposit.
Delivery of Escrow Deposit. On the Closing Date, and for a period of one year after the Closing Date, each of the Laser Signatory Shareholders and the SCL Investors shall deliver to the Escrow Agent the Escrow Deposit to be held by the Escrow Agent in escrow pursuant to the terms and conditions of this Agreement.
Delivery of Escrow Deposit. Contemporaneously with the execution of this Agreement by the parties, Seller shall deposit into escrow (the "ESCROW") with Escrow Holder out of the Purchase Price proceeds the sum of $992,466 (less any amounts previously paid by Seller on account of the Xxxxxxx Leasing Commissions) (the "DEPOSIT"), which amount represents $92,466 with respect to the Xxxxxxx Leasing Commissions (less any amounts previously paid by Seller on account of the Xxxxxxx Leasing Commissions) and $900,000 for the Xxxxxxx TI Work. Escrow Holder agrees to hold, invest and distribute the Deposit in accordance with the terms and conditions of this Agreement.
