Common use of Delivery of Escrow Funds Clause in Contracts

Delivery of Escrow Funds. (a) Placement Agent and the Company shall instruct Purchasers to deliver to Escrow Agent checks made payable to the order of "Signature Bank, as Escrow Agent for Consolidated Energy, Inc." or wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Consolidated Energy, Inc., Account No. 1500721657, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment. In the event any Purchaser's address and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Purchaser, then Placement Agent and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "Signature Bank, as Escrow Agent for Consolidated Energy, Inc." (the "Escrow Account"). (b) The collected funds deposited into the Escrow Account are referred to as the "Escrow Funds." (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Purchaser and advise the Company and Placement Agent promptly thereof.

Delivery of Escrow Funds. (a) Placement Agent Underwriter and the Company shall instruct Purchasers Investors to deliver to Escrow Agent checks made payable make payment for the shares they purchase by (i) delivering to the order of "Escrow Agent, Signature Bank, as Escrow Agent for Consolidated Energy, Inc." or wire transfer to Signature Bank, at 000 Xxxxxxx Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 checks made payable to the order of “Signature Bank, as escrow agent for credit Alliance MMA, Inc.,” or (ii) wire transfer to Signature Bank, as Escrow Agent for Consolidated Energy, Inc.ABA No. 000000000, Account No. 15007216570000000000, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 for credit Signature Bank, as escrow agent for Alliance MMA, Inc,, in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment. In the event any Purchaser's Investor’s address and/or social security number or taxpayer identification number are is not provided to Escrow Agent by the PurchaserInvestor, then Placement Agent Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non non-interest-bearing account at Signature Bank Transfer Online, Inc. entitled "Signature Bank“Alliance MMA, Inc., Transfer Online, Inc., as Escrow Agent for Consolidated Energy, Inc." Agent” (the "“Escrow Account"”). (b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds."” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Purchaser Investor and advise the Company and Placement Agent Underwriter promptly thereof.

Delivery of Escrow Funds. (a) Placement Agent Underwriter and the Company shall instruct Purchasers Investors to deliver to Escrow Agent checks made payable make payment for the shares they purchase by (i) delivering to the order of "Escrow Agent, Signature Bank, as Escrow Agent for Consolidated Energy, Inc." or wire transfer to Signature Bank, at 000 Xxxxxxx Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 checks made payable to the order of “Signature Bank, as escrow agent for credit Alliance MMA, Inc.,” or (ii) wire transfer to Signature Bank, as Escrow Agent for Consolidated Energy, Inc.ABA No. 000000000, Account No. 15007216570000000000, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 for credit Signature Bank, as escrow agent for Alliance MMA, Inc., in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment. In the event any Purchaser's Investor’s address and/or social security number or taxpayer identification number are is not provided to Escrow Agent by the PurchaserInvestor, then Placement Agent Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non non-interest-bearing account at Signature Bank entitled "“Alliance MMA, Inc., Signature Bank, as Escrow Agent for Consolidated Energy, Inc." Agent” (the "“Escrow Account"”). (b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds."” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Purchaser Investor and advise the Company and Placement Agent Underwriter promptly thereof.

Delivery of Escrow Funds. (a) Placement Agent and the Company RespireRx shall instruct Purchasers White Lion to deliver deposit funds pursuant to Escrow Agent checks made payable to Section 2.2(b) of the order of "Signature Bank, as Escrow Agent for Consolidated Energy, Inc." or EPA (the “Deposited Funds”) via wire transfer to Signature Bank, 000 200 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx XX 00000, ABA NoAttention: Mx. 000000000 Xxxxx Xxxxxx, for credit to Signature Bank, as Escrow Agent for Consolidated Energy, RespireRx Pharmaceuticals Inc., Account No. 1500721657, in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment. In the event any Purchaser's address and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Purchaser, then Placement Agent and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers Deposited Funds shall be deposited into a non non-interest-bearing account at Signature Bank entitled "“RespireRx Pharmaceuticals Inc., Signature Bank, as Escrow Agent for Consolidated Energy, Inc." Agent” (the "“Escrow Account")”) having ABA No. 000000000, Account No. 1504235102. (b) The collected funds deposited into aggregate amount of Deposited Funds in the Escrow Account are at any one time is referred to as the "“Escrow Funds."” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any the funds deposited delivered to Escrow Agent for deposit into the Escrow Account. If, for any reason, any check the funds deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to advise RespireRx and White Lion promptly thereof and return the check to funds in the Purchaser manner directed in writing by RespireRx and advise the Company and Placement Agent promptly thereofWhite Lion.