Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’a, 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 Aina Le’a, Inc., Account No. , in each case, with the name and address of the individual or entity making payment. In the event any Subscriber’s address is not provided to Escrow Agent by the Subscriber, then the Company agrees to promptly provide Escrow Agent with such information in writing. All checks or wire transfers shall be deposited into a non-interest-bearing account at Signature Bank entitled “Aina Le’a, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent. (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 Subscriber and advise the Company and Placement Agent promptly thereof.
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Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aMonogram Orthopaedics, Inc.,” ”, or wire transfer to: Wilmington Trust Company ABA #: [_] A/C #: [_] A/C Name: [_] Attn: [_] International Wires: M&T Buffalo, New York ABA: [_] SWIFT: [_] Beneficiary Bank: [_] Beneficiary ABA: [_] A/C #: [_] A/C Name: [_] All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, N.A. as Escrow Agent for Monogram Orthopaedics, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement AgentWilmington Trust, the Placement Agent shallN.A. 0000 Xxxxx Xxxxxx Xxxxxx, promptly forward5th Floor Wilmington, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.DE 19890 Attention: [_]
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder. WTNA -- Subscription Escrow Agreement (with Placement Agent) (05/2021)
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Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver wire transfer investment funds to: Wilmington Trust Company ABA #: 000000000 A/C #: 137972-000 A/C Name: 1847 Holdings LLC Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 137972-000 A/C Name: 1847 Holdings LLC Escrow All wire transfers remitted to the Escrow Agent checks made payable to shall be accompanied by information identifying each Investor, subscription, the order of “Signature Bank, as Escrow Agent for Aina Le’a, Inc.,” Investor’s social security 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 Aina Le’a, Inc., Account No. , in each case, with the name taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All checks or The wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for 1847 Holdings LLC Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 .
(d) All funds received by the Escrow Agent shall be to return the check to the Subscriber and advise the Company and Placement Agent promptly thereof.held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION
Appears in 1 contract
Samples: Escrow Agreement (1847 Holdings LLC)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aMyomo, Inc.Inc. Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C # A/C Name: Myomo, Inc. Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: A/C Name: Myomo, Inc. Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Myomo, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Samples: Closing Escrow Agreement (Myomo Inc)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature Bank, Piermont Bank as Escrow Agent for Aina Le’aRAD Diversified REIT, Inc.,” Inc. Escrow”, or wire transfer to Signature to: Piermont Bank ABA #: 000000000 A/C #: 1100003845 A/C Name: FBO Escrow RAD clients International Wires: Piermont Bank ABA:000000000 SWIFT: PXXXXX00 Beneficiary Bank: PNC Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit National Association Beneficiary ABA:000000000 A/C #: TBD A/C Name: TBD RAD Diversified/Entoro/Piermont Bank Escrow Agreement 2 All such checks and wire transfers remitted to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Piermont Bank entitled “Aina Le’a, Inc., Signature Bank, Piermont Bank as Escrow AgentAgent for RAD Diversified REIT, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at Piermont Bank.
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Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aBeat the Bank, Inc.,” LLC Escrow”, at the following address; Beat the Bank, LLC c/o Wilmington Trust 0000 Xxxxx Xxxxxx Xxxxxx Wilmington, DE 19890 Attn: Workflow Management or wire transfer to: Wilmington Trust N.A. ABA #: A/C #: A/C Name: Beat the Bank/Rialto Markets Escrow Attn: Xxxxx Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: A/C Name: Beat the Bank/Rialto Markets Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature N.A. as Escrow Agent for Beat the Bank, as Escrow AgentLLC Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Samples: Escrow Agreement (Beat the Bank LLC)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aAutonomix Medical, Inc.,” ”, or wire transfer to: Wilmington Trust Company ABA #: [XXX] A/C #: [XXX] A/C Name: Autonomix Escrow Attn: Xxxxx Xxxx-Xxxxxxxx International Wires: M&T Buffalo, New York ABA: [XXX] SWIFT: [XXX] Beneficiary Bank: Wilmington Trust Beneficiary ABA: [XXX] A/C #: [XXX] A/C Name: Autonomix Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, N.A. as Escrow Agent for Autonomix Medical, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered Checks should be mailed to the Placement Agentfollowing address: Autonomix Escrow c/o Wilmington Trust 0000 Xxxxx Xxxxxx Xxxxxx Wilmington, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.DE 19890 Attn: Workflow Management
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and Parties acknowledge that on the Company Effective Date, the Buyer shall instruct Subscribers to deliver to the Escrow Agent checks made payable the sum of $200,000, constituting the “Note Purchase Price” pursuant to the order of “Signature Bankinstructions as set forth in Section 1(c), as Escrow Agent for Aina Le’a, 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 Aina Le’a, Inc., Account No. , in each case, with the name and address of the individual or entity making payment. In the event any Subscriber’s address is not provided to Escrow Agent by the Subscriber, then the Company agrees to promptly provide Escrow Agent with such information in writing. All checks or wire transfers which shall be deposited into a non-interest-bearing account at Signature the Chase Bank (the “Bank”) entitled “Aina Le’aAnthony L.G., Inc., Signature Bank, as Escrow AgentPLLC IOTA Trust Account” (the “Escrow Account”). In As set forth in the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered Agreement, Escrow Agent shall withhold from the Note Purchase Price the costs and fees due to the Placement Agent, the Placement Escrow Agent shall, promptly forward, by no later than noon pursuant to this Agreement and such other fees and expenses as are due and payable to Escrow Agent as of the next Business Day after receiptEffective Date, such subscription agreement(s) and/or subscription funds/checks and shall advance the remaining amount to ZHRH pursuant to wire instructions previously provided by ZHRH to the Escrow Agent, and no additional instructions or authorizations shall be required from either ZHRH or the Buyer with respect thereto.
(b) The collected funds Parties acknowledge that, prior to the Shares Closing, Buyer shall deliver the sum of $200,000 (the “Shares Purchase Price”) to Escrow Agent by wire transfer, which shall be deposited into the Escrow Account at the Bank.
(c) The wire instructions for the Escrow Account are as follows: For Domestic Wires: Chase Bank 000 Xxxx Xxx XX, XX 00000 ABA# 000000000 For Credit To: Anthony L.G., PLLC IOTA Trust Account Account Number – 201306203 Re: Anthony L.G., PLLC as Escrow Agent for ZHRH- Xxxxx Partners SAS For International Wires: Chase Bank 000 Xxxx Xxx XX, XX 00000 Swift Code XXXXXX00 For Credit To: Anthony L.G., PLLC IOTA Trust Account Account Number – 201306203 Re: Anthony L.G., PLLC as Escrow Agent for ZHRH- Xxxxx Partners SAS
(d) The amount of the Shares Purchase Price as deposited into the Escrow Account are referred to as the “Escrow Funds”.”
(ce) 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 Subscriber Buyer and advise the Company and Placement Agent promptly Transaction Parties thereof.
(f) The Escrow Agent shall provide to each Transaction Party confirmation of all funds that are accepted into or released from the Escrow Account, and, upon closing of the Escrow Account, an accounting of all funds accepted into or released from the Escrow Account.
Appears in 1 contract
Samples: Escrow Agreement (ZHRH Corp)
Delivery of Escrow Funds. (a) The Placement Lead Selling Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aLevel Brands, Inc.Inc. Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: [] A/C Name: Level Brands - Jxxxxx Xxxxxx Escrow Attn: Bxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: [] A/C Name: Level Brands - Jxxxxx Xxxxxx Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Lead Selling Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank the Escrow Agent entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Level Brands, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Lead Selling Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aTTSA Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 140439-000 A/C Name: TTSA Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 140439-000 A/C Name: TTSA Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for TTSA Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION
Appears in 1 contract
Samples: Escrow Agreement (To the Stars Academy of Arts & Science Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investors to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aEbang Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: TBD Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: TBD All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Placement Agent and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’a, Inc., Signature Bank, as Escrow AgentEbang Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and the Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
Appears in 1 contract
Samples: Escrow Agreement (Ebang International Holdings Inc.)
Delivery of Escrow Funds. (a) The Placement Selling Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aLevel Brands, Inc.Inc. Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: [] A/C Name: Level Brands –TriPoint Escrow Attn: Bxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: [] A/C Name: Level Brands –TriPoint Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Selling Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank the Escrow Agent entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Level Brands, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Selling Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent Dealer Manager and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aManufactured Housing Escrow”, Inc.,” or wire transfer to: Domestic wires: Wilmington Trust Company ABA #: A/C #: A/C Name: MHPIII Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T ABA: SWIFT: Beneficiary Bank: Wilmington Trust Company Beneficiary ABA: A/C #: A/C Name: MHPIII Escrow Physical checks should be sent to: Wilmington Trust Company Xxxxxx Xxxxxxx/Xxxxx Xxxxxxx 0000 X. Xxxxxx Xxxxxx 0xx Xxxxx Xxxxxxxxxx, XX 00000 All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Dealer Manager and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Manufactured Housing Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent the Dealer Manager promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
Appears in 1 contract
Samples: Escrow Agreement (Manufactured Housing Properties Inc.)
Delivery of Escrow Funds. (a) The Placement Selling Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature Bank"WILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aIntelGenx Technologies Corp.", Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 167928-000 A/C Name: IntelGenx Escrow Attn: Xxxxx Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 167928-000 A/C Name: IntelGenx Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor's social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriber’s the Investor's address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’a"WILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow Agent” Agent for IntelGenx Technologies Corp." (the “"Escrow Account”"). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement AgentIntelGenx Escrow c/o Wilmington Trust 0000 Xxxxx Xxxxxx Xxxxxx Wilmington, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.DE 19890 Attn: Workflow Management
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
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Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aSky Quarry Inc.”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 165471-000 A/C Name: Sky Quarry Escrow Attn: Xxxxx Xxxx-Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 WTNA -- Subscription Escrow Agreement (with Placement Agent) (05/2021) A/C #: 165471-000 A/C Name: Sky Quarry Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, N.A. as Escrow Agent for Sky Quarry, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered Checks should be mailed to the Placement Agentfollowing address: Sky Quarry Escrow c/o Wilmington Trust 0000 Xxxxx Xxxxxx Xxxxxx Wilmington, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.DE 19890 Attn: Workflow Management
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Samples: Escrow Agreement (Sky Quarry Inc.)
Delivery of Escrow Funds. (a) The Placement Agent As part of its Offering, and pursuant to the terms of the Offering, the Company shall instruct Subscribers the Investor to deliver payment made under the Offering to Escrow Agent with checks made payable to the order of “Signature Bank, Nevada Agency and Transfer Company as Escrow Agent for Aina Le’aXspand Products Lab, Inc.,” or by wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, to: Nevada Agency and Transfer Company ABA No. 000000000 for credit to Signature Bank, as #: 026 009 593 A/C #: [] A/C Name: Nevada Agency and Transfer Company Escrow Agent for Aina Le’aXspand Products Lab, Inc.Inc. Attn: Xxxxxx Xxxxxxxxxx International Wires: Nevada Agency and Transfer Company ABA: 026 009 593 SWIFT: BOFAUS3N Beneficiary Bank: Bank of America A/C #: [] A/C Name: Nevada Agency and Transfer Company Escrow Agent for Xspand Products Lab, Account No. Inc. All such checks and wire transfers remitted to the Escrow Agent shall be accompanied by information identifying each Investor, in each casesubscription, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Company agrees to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank of America entitled “Aina Le’aNevada Agency and Transfer Company Escrow Agent for Xspand Products Lab, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’aLilis 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 Aina Le’aLilis Energy, Inc., Account No. *****, in each case, with the name and address of the individual or entity making payment. In the event any Subscriber’s address is not provided to Escrow Agent by the Subscriber, then the Company Company, upon notification by Escrow Agent, agrees to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’aLilis Energy, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks shall receive money directly from the Investors from time to time by means of check made payable to the order of “Signature Bank"Law Debenture Trust Company of New York, as Escrow Agent for Aina Le’aStrong Technical Inc.", Inc.,” or wire transfer transfer. If by wire transfer, money shall be wired to Signature BankLaw Debenture Trust Company of New York, 000 Xxxxxxx Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Citibank, N.A., ABA No. 000000000 for credit to Signature BankNumber 000000000, as Escrow Agent for Aina Le’a, Inc.Law Debenture Trust Company Collection Account, Account No. 00000000, in each case, with the name and address of the individual or entity making payment. In the event any Subscriber’s address is not provided to Escrow Agent by the Subscriber, then the Company agrees to promptly provide Escrow Agent with such information in writingReference: Strong Technical Inc. Escrow. All checks or wire transfers such money shall be deposited into a non-interest-bearing an account at Signature Bank Law Debenture Trust Company of New York entitled “Aina Le’a, Inc., Signature Bank, as "Strong Technical Inc. Escrow Agent” Account" (the “"Escrow Account”"). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(b) The collected funds deposited into the Escrow Account are hereinafter 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 Subscriber and advise notify the Company and the Placement Agent.
(d) The Escrow Agent shall confirm in writing to the Company and the Placement Agent promptly thereofeach deposit received by it pursuant to this Section 1 and the amount of each such deposit.
(e) The Escrow Agent shall invest the Escrow Funds in the Xxxxxxx Xxxxx Financial Square Prime Obligations Fund, Service Class. Any income received by the Escrow Agent on investment of the Escrow Funds will be distributed in accordance with the written instructions signed by the Company and the Placement Agent and delivered to the Escrow Agent. The Escrow Agent is authorized to liquidate in accordance with its customary procedures any portion of the Escrow Fund consisting of investments to provide for payments required to be made under this Agreement. Uninvested funds held hereunder shall not earn or accrue interest. The Company and the Placement Agent acknowledge that the fund investment advisor, custodian, distributor and other service providers as described in the prospectus previously provided to them in connection with this Agreement are not affiliates of the Escrow Agent, and investment in the fund includes approval of the fund's fees and expenses as detailed in the prospectus, including advisory and custodial fees and shareholder service expenses (which may be so called 12b-1 shareholder service fees), which fees and expenses are paid to the investment advisor or the Escrow Agent as the case may be. The shares of the funds are not deposits or obligations of, or guaranteed by, any bank or the Escrow Agent, or any of its affiliates, nor are they insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other agency. The investment in the fund involves investment risk, including possible loss of principal.
(f) The Placement Agent hereby agrees to allow the Company to instruct the Escrow Agent in matters pertaining to this Agreement, so long as such instructions are made in writing, signed by an authorized person as designated in Exhibit B, and contain the signature and/or acknowledgement of the Placement Agent.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’aWeikang Bio-Technology Group Company, Inc.,” or wire transfer to Signature Bank, 000 Xxxxxxx 900 Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’aWeikang Bio-Technology Group Company, Inc., Account No. 1501298510, in each case, with the name name, address and address social security number or taxpayer identification number of the individual or entity making payment. In the event any Subscriber’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Subscriber, then Placement Agent and/or the Company agrees agree to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’a, Inc., Signature Bank, as Escrow AgentAgent for Weikang Bio-Technology Group Company, Inc.” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Samples: Escrow Deposit Agreement (Weikang Bio-Technology Group Co., Inc.)
Delivery of Escrow Funds. (aA) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of UNDERWRITER AND THE COMPANY SHALL INSTRUCT INVESTORS TO DELIVER TO ESCROW AGENT CHECKS MADE PAYABLE TO THE ORDER OF “Signature BankSIGNATURE BANK, as Escrow Agent for Aina Le’aAS ESCROW AGENT FOR MOLECULIN BIOTECH, Inc.INC.,” or wire transfer to Signature BankOR WIRE TRANSFER TO SIGNATURE BANK, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000[INSERT ADDRESS OF SIGNATURE BANK’S FINANCIAL CENTER MAINTAINING THE ACCOUNT], ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’aMoleculin Biotech, Inc., Account No. _____________, in each case, with the name and address of the individual or entity making payment. In the event any SubscriberInvestor’s address is not provided to Escrow Agent by the SubscriberInvestor, then Underwriter and/or the Company agrees agree to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’aMoleculin Biotech, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(bB) The collected funds deposited into the Escrow Account are referred to as the THE COLLECTED FUNDS DEPOSITED INTO THE ESCROW ACCOUNT ARE REFERRED TO AS THE “Escrow FundsESCROW FUNDS.”
(cC) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow AccountTHE ESCROW AGENT SHALL HAVE NO DUTY OR RESPONSIBILITY TO ENFORCE THE COLLECTION OR DEMAND PAYMENT OF ANY FUNDS DEPOSITED INTO THE ESCROW ACCOUNT. IfIF, for any reasonFOR ANY REASON, any check deposited into the Escrow Account shall be returned unpaid to the Escrow AgentANY 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 Subscriber and advise the Company and Placement Agent promptly thereofTHE SOLE DUTY OF THE ESCROW AGENT SHALL BE TO RETURN THE CHECK TO THE INVESTOR AND ADVISE THE COMPANY AND UNDERWRITER PROMPTLY THEREOF.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Lead Selling Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aLevel Brands, Inc.Inc. Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 124391-000 A/C Name: Level Brands - Jxxxxx Xxxxxx Escrow Attn: Bxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 124391-000 A/C Name: Level Brands - Jxxxxx Xxxxxx Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Lead Selling Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank the Escrow Agent entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Level Brands, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Lead Selling Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and Parties acknowledge that on the Company Effective Date, the Buyer shall instruct Subscribers to deliver to the Escrow Agent checks made payable the sum of $30,000, constituting the “Purchase Price” pursuant to the order of “Signature Bankinstructions as set forth in Section 1(b), as Escrow Agent for Aina Le’a, 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 Aina Le’a, Inc., Account No. , in each case, with the name and address of the individual or entity making payment. In the event any Subscriber’s address is not provided to Escrow Agent by the Subscriber, then the Company agrees to promptly provide Escrow Agent with such information in writing. All checks or wire transfers which shall be deposited into a non-interest-bearing account at Signature the Chase Bank (the “Bank”) entitled “Aina Le’aAnthony L.G., Inc., Signature Bank, as Escrow AgentPLLC IOTA Trust Account” (the “Escrow Account”). In As set forth in the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered Agreement, Escrow Agent shall withhold from the Purchase Price the costs and fees due to the Placement Agent, the Placement Escrow Agent shall, promptly forward, by no later than noon pursuant to this Agreement and such other fees and expenses as are due and payable to Escrow Agent as of the next Business Day after receiptEffective Date, such subscription agreement(s) and/or subscription funds/checks and shall advance the remaining amount to ZHRH pursuant to wire instructions previously provided by ZHRH to the Escrow Agent, and no additional instructions or authorizations shall be required from either ZHRH or the Buyer with respect thereto.
(b) The collected funds wire instructions for the Escrow Account are as follows: For Domestic Wires: Chase Bank 000 Xxxx Xxx XX, XX 00000 ABA# 000000000 For Credit To: Anthony L.G., PLLC IOTA Trust Account Account Number – 201306203 Re: Anthony L.G., PLLC as Escrow Agent for ZHRH- Xxxxx X. Xxxx For International Wires: Chase Bank 000 Xxxx Xxx XX, XX 00000 Swift Code XXXXXX00 For Credit To: Anthony L.G., PLLC IOTA Trust Account Account Number – 201306203 Re: Anthony L.G., PLLC as Escrow Agent for ZHRH- Xxxxx X. Xxxx
(c) The amount of the Purchase Price as deposited into the Escrow Account are referred to as the “Escrow Funds”.”
(cd) 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 Subscriber Buyer and advise the Company and Placement Agent promptly Transaction Parties thereof.
(e) The Escrow Agent shall provide to each Transaction Party confirmation of all funds that are accepted into or released from the Escrow Account, and, upon closing of the Escrow Account, an accounting of all funds accepted into or released from the Escrow Account.
Appears in 1 contract
Samples: Escrow Agreement (ZHRH Corp)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investors to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aEbang Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: [●] A/C #: [●] A/C Name: Ebang International Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: [●] A/C #: [●] A/C Name: Ebang International Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Placement Agent and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’a, Inc., Signature Bank, as Escrow AgentEbang Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and the Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
Appears in 1 contract
Samples: Escrow Agreement (Ebang International Holdings Inc.)
Delivery of Escrow Funds. (a) The Placement Selling Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aLevel Brands, Inc.Inc. Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 124389-000 A/C Name: Level Brands –TriPoint Escrow Attn: Bxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 124389-000 A/C Name: Level Brands –TriPoint Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Selling Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank the Escrow Agent entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Level Brands, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Selling Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aZergratran SA, Inc.,” Inc. Escrow”, or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 157317-000 A/C Name: Zergratran SA, Inc. Escrow Attn: Xxxxx Xxxx-Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 157317-000 A/C Name: Zergratran SA, Inc. Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-interest-non interest- bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, N.A. as Escrow Agent for Zergratran SA, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered Checks should be mailed to the Placement Agentfollowing address: Wilmington Trust, the Placement Agent shallN.A. 0000 Xxxxx Xxxxxx Xxxxxx, promptly forward0xx Xxxxx Xxxxxxxxxx, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow AgentXX 00000 Attention: Xxxxx X. Xxxxxxxx Xx.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent jointly and severally shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’a______ Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent ______” (the “Escrow Account”). In Investors can also send funds using credit or debit card by utilizing the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to Invoice and Pay® service offered by M&T Bank by visiting the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.portal listed below: xxxxx://xxx.xxxxxxxxxxxx.xxx.xxx”
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest-bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Samples: Escrow Agreement (Medical 21, Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’aMarine Park Holdings, Inc.,” or wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’aMarine Park Holdings, Inc., Account No. _____________, in each case, with the name name, address and address social security number or taxpayer identification number of the individual or entity making payment. In the event any Subscriber’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Subscriber, then Placement Agent and/or the Company agrees agree to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’a, Inc., Signature Bank, as Escrow AgentAgent for Marine Park Holdings, Inc.” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’aCardium Therapeutics, Inc.,” or wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’aCardium Therapeutics, Inc., Account No. 1501099321, in each case, with the name name, address and address social security number or taxpayer identification number of the individual or entity making payment. In the event any Subscriber’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Subscriber, then Placement Agent and/or the Company agrees agree to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’a, Inc., Signature Bank, as Escrow AgentAgent for Cardium Therapeutics, Inc.” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber and advise the Company and Placement Agent promptly thereof.
(d) Escrow Agent shall hold all Escrow Funds in the Escrow Account free from any lien, claim or offset of Escrow Agent, except as set forth herein.
Appears in 1 contract
Samples: Escrow Deposit Agreement (Cardium Therapeutics, Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aMuscle Maker, Inc.Inc Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C # A/C Name: Muscle Maker Escrow Attn: Bxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: A/C Name: Muscle Maker Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Muscle Maker Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent Agent, DSGS and the Company shall instruct Subscribers to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’a, Inc.,InVivo Therapeutics Corporation” 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 Aina Le’a, Inc.InVivo Therapeutics Corporation, Account No. 1501508892, in each case, with the name name, address and address social security number or taxpayer identification number of the individual or entity making payment. In the event any Subscriber’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Subscriber, then Placement Agent and/or the Company agrees agree to promptly provide Escrow Agent with such information in writinginformation. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’a, Inc., Signature Bank, as Escrow AgentAgent for InVivo Therapeutics Corporation” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber and advise the Company Company, DSGS and the Placement Agent promptly thereof.
(d) Escrow Agent shall hold all Escrow Funds in the Escrow Account free from any lien, claim or offset of Escrow Agent, except as set forth herein.
Appears in 1 contract
Samples: Escrow Deposit Agreement (Invivo Therapeutics Holdings Corp.)
Delivery of Escrow Funds. (a) The Placement Agent Underwriter and the Company shall instruct Subscribers Investors to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’a, Inc.Dragon Xxxxxxx Xxxxxxxxxxxxx Limited,” or wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000[insert address of Signature Bank’s financial center maintaining the account], ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’a, Inc.Dragon Xxxxxxx Xxxxxxxxxxxxx Limited, Account No. _____________, in each case, with the name and address of the individual or entity making payment. In the event any SubscriberInvestor’s address is not provided to Escrow Agent by the SubscriberInvestor, then Underwriter and/or the Company agrees agree to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’a, Inc.Dragon Xxxxxxx Xxxxxxxxxxxxx Limited, Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(b) The collected funds deposited into the Escrow Account are referred to as the “Escrow Funds.”
(c) On or before the date of the initial deposit in the Escrow Account, the Underwriter shall notify the Escrow Agent in writing of the Effective Date of the Registration Statement (the “Effective Date”), and the Escrow Agent shall not be required to accept any amounts for credit to the Escrow Account prior to its receipt of such notification.
(d) 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 Subscriber Investor and advise the Company and Placement Agent Underwriter promptly thereof. Escrow Agent shall follow best practices promulgated by anti-money laundering (“AML”) rules and regulations and those regulatory agencies that enforce them.
Appears in 1 contract
Samples: Escrow Deposit Agreement (Dragon Victory International LTD)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aTTSA Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company International Wires: M&T Buffalo, New York All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for TTSA Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION
Appears in 1 contract
Samples: Escrow Agreement (To the Stars Academy of Arts & Science Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature Bank, Piermont Bank as Escrow Agent for Aina Le’a______Escrow”, Inc.,” or wire transfer to: Piermont Bank ABA #: A/C #: TBD A/C Name: ______ Escrow Attn: International Wires: [bank] [City], [State] ABA: SWIFT: Beneficiary Bank: Piermont Bank Beneficiary ABA: A/C #: TBD A/C Name: _____Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Piermont Bank entitled “Aina Le’a, Inc., Signature Bank, Piermont Bank as Escrow AgentAgent for ________Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at Piermont Bank
Appears in 1 contract
Samples: Escrow Agreement (RYSE, Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Purchaser to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A., as Escrow Agent for Aina Le’a, Inc.Innovation Economy Corporation TriPoint Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C # [_______________] A/C Nm: Innovation Economy Corporation TriPoint Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: [_______________] A/C Name: Innovation Economy Corporation TriPoint Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Purchaser, Inc.subscription, Account No. , in each case, with the name Purchaser’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Purchaser’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberPurchaser, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature BankN.A., as Escrow AgentAgent for Innovation Economy Corporation TriPoint Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Purchaser and advise the Company and Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aKurve Therapeutics, Inc.,” Inc. Escrow”, or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 155778-000 A/C Name: Kurve Therapeutics, Inc. Escrow Attn: Xxxxx Xxxx-Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 155778-000 A/C Name: Kurve Therapeutics, Inc. Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Kurve Therapeutics, Inc” (the “Escrow Account”). In Investors can also send funds using credit or debit card by utilizing the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to Invoice and Pay® service offered by M&T Bank by visiting the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.portal listed below: xxxxx://xxx.xxxxxxxxxxxx.xxx.xxx”
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent jointly and severally shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aEvolveX Equity Fund, Inc.,” LLC Escrow”, or wire transfer to: Wilmington Trust Company ABA #: A/C #: A/C Name: Evolve X Escrow Attn: Xxxxx Xxxx-Xxxxxxxx International Wires: M&T Buffalo, New York ABA: SWIFT: Beneficiary Bank: Wilmington Trust Beneficiary ABA: A/C #: A/C Name: EvolveX Equity Fund, LLC Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for EvolveX Equity Fund, LLC Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered Checks should be mailed to the Placement Agentfollowing address: Wilmington Trust, N.A. 0000 Xxxxx Xxxxxx Xxxxxx, 0xx Xxxxx Xxxxxxxxxx, XX 00000 Attention: Xxxxx X. Xxxxxxxx Xx. Investors can also send funds using credit or debit card by utilizing the Placement Agent shall, promptly forward, Invoice and Pay® service offered by no later than noon of M&T Bank by visiting the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.portal listed below: xxxxx://xxx.xxxxxxxxxxxx.xxx.xxx
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Selling Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’a, Inc.iPic Escrow,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: [ ] A/C Name: iPic Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: [ ] A/C Name: iPic Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Selling Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, N.A. entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for iPic Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Selling Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent Representative and the Company shall instruct Subscribers the Investors to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aFAT Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: FAT Escrow Attn: Bxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: FAT Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Representative and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for FAT Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent the Representative promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION
Appears in 1 contract
Samples: Escrow Agreement (Fat Brands, Inc)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall either remit funds received from the Subscribers directly to the Escrow Agent or instruct the Subscribers to deliver to the Escrow Agent checks made payable to the order of “Signature Bank"OTR, Inc. as Escrow Agent For Willamette Valley Vineyards, Inc.," for credit to OTR, Inc., as Escrow Agent for Aina Le’aWillamette Valley Vineyards, Inc.,” , or by wire transfer to Signature Xxxxx Fargo Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’a, Inc.000000000, Account No. , 7912026544, in each case, with the name name, address and address social security number or taxpayer identification number of the individual or entity making payment. In the event any Subscriber’s 's address is and/or social security number or taxpayer identification number are not provided to the Escrow Agent by the Subscriber, then the Company agrees to promptly provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-interest-bearing account at Signature Bank Xxxxx Fargo Bank, entitled “Aina Le’a"OTR, Inc. as Escrow Agent for Willamette Valley Vineyards, Inc., Signature Bank, as Escrow Agent” " (the “"Escrow Account”"). In , which is fully insured by the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow AgentFederal Deposit Insurance Corporation.
(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 Subscriber and advise the Company and Placement Agent promptly thereof.
(d) From time to time the Escrow Agent will provide the Company with information relative to the total number of subscriptions received pursuant to this Agreement together with the total amount of funds received and collected. Upon termination or expiration of this Agreement, the Escrow Agent shall provide an accounting of funds received, invested and disbursed pursuant to this Agreement together with a list of the Subscribers' names and addresses and the aggregate amount of funds received from each Subscriber.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aAmerican Rebel Holdings, Inc.,” ”, by credit card payment via My IPO platform to Escrow Agent or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 166835-000 A/C Name: American Rebel Escrow Attn: Lxxxx Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 163835-000 A/C Name: American Rebel Escrow All such checks, credit card payments and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All checks The checks, credit card payments or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, N.A. as Escrow Agent for American Rebel Holdings, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement AgentAmerican Rebel Escrow c/o Wilmington Trust 1000 Xxxxx Xxxxxx Xxxxxx Wilmington, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.DE 19890 Attn: Workflow Management
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investors to deliver to the Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aDigital Social Retail, Inc.,” Inc. Escrow”, or wire transfer transfers to: Wilmington Trust Company ABA #: 000000000 A/C #: 122727-0000 A/C Name: Digital Social Retail, Inc. Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 122727-0000 A/C Name: Digital Social Retail, Inc. Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription amount, Account No. social security or taxpayer identification number, in each case, with the name and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Placement Agent and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Digital Social Retail, Inc. Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and the Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aEquityLine Capital (Delaware) LP Escrow”, Inc.,” or wire transfer to: M&T Bank ABA #: 000000000 A/C #: 152819-000 A/C Name: EquityLine Capital Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 WTNA -- Subscription Escrow Agreement (with Placement Agent) (05/2021) SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 151819-000 A/C Name: EquityLine Capital Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-interest-non interest- bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for EquityLine Capital LP Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section WTNA -- Subscription Escrow Agreement (with Placement Agent) (05/2021)
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent Underwriter and the Company shall shall: (i) instruct Subscribers Investors to deliver to Escrow Agent checks checks, for deposit in the Escrow Account by noon of the business day following receipt, made payable to the order of “Signature Bank, as Escrow Agent for Aina Le’aADOMANI, Inc.,” or wire transfer to Signature Bank, 000 Xxxxxxx XxxxxxXxxxx Xxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Aina Le’aADOMANI, Inc., Account No. , in each case, with the name and address of the individual or entity making paymentpayment and (ii) until the contingency is met, the Underwriter shall promptly, upon receipt of any and all checks, drafts, and money orders received from prospective purchasers of the shares/units, deliver same to the Escrow Agent for deposit in the Escrow Account by noon of the next business day following the receipt, together with a written account of each purchaser which sets forth, among other things, the name and address of the purchaser, the number of securities purchased and the amount paid therefor. Any checks received which are made payable to any party other than the Escrow Agent, shall be returned to the purchaser who submitted the check and not accepted. In the event any SubscriberInvestor’s address is not provided to Escrow Agent by the SubscriberInvestor, then Underwriter and/or the Company agrees agree to promptly provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank entitled “Aina Le’aADOMANI, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent Underwriter promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent Underwriter and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aManufactured Housing Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 030000000 A/C #: 137798-000 A/C Name: Manufactured Housing Escrow Attn: Boxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 020000000 XWIFT: MAXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 030000000 A/C #: 137798-000 A/C Name: Manufactured Housing Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Underwriter and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Manufactured Housing Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent the Underwriter promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
Appears in 1 contract
Samples: Escrow Agreement (Manufactured Housing Properties Inc.)
Delivery of Escrow Funds. (a) The Placement Agent Dealer Manager and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aManufactured Housing Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: Manufactured Housing II Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: Manufactured Housing II Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Dealer Manager and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Manufactured Housing Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent the Dealer Manager promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
Appears in 1 contract
Samples: Escrow Agreement (Manufactured Housing Properties Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’a1847 Holdings LLC Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: 1847 Holdings LLC Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: 1847 Holdings LLC Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for 1847 Holdings LLC Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and the Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION
Appears in 1 contract
Samples: Escrow Agreement (1847 Holdings LLC)
Delivery of Escrow Funds. (a) The Placement Agent Underwriter and the Company shall instruct Subscribers the Investors to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aRemembrance Group Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: Remembrance Group Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: Remembrance Group Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then the Underwriter and/or the Company agrees agree to promptly upon request provide the Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Remembrance Group Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent the Underwriter promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
Appears in 1 contract
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’a______ Escrow”, Inc.,” or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: TBD A/C Name: Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: TBD A/C Name: All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent ______” (the “Escrow Account”). In Investors can also send funds using credit or debit card by utilizing the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to Invoice and Pay® service offered by M&T Bank by visiting the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.portal listed below: xxxxx://xxx.xxxxxxxxxxxx.xxx.xxx”
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
Appears in 1 contract
Samples: Escrow Agreement (McGinley Orthopaedic Innovations, Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aKnightscope, Inc.,” ”, or wire transfer to: Wilmington Trust Company ABA #: XXXXX A/C #: XXXXXX A/C Name: Knightscope Escrow Attn: XXXXXXX International Wires: M&T Buffalo, New York ABA: XXXXX SWIFT: XXXXXX Beneficiary Bank: Wilmington Trust Beneficiary ABA: XXXXXXX A/C #: XXXXX A/C Name: Knightscope Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, Inc., Signature Bank, N.A. as Escrow AgentAgent for Knightscope Escrow” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement Agent, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.
(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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent [jointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
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Samples: Escrow Agreement (Knightscope, Inc.)
Delivery of Escrow Funds. (a) The Placement Agent and the Company shall instruct Subscribers the Investor to deliver to Escrow Agent checks made payable to the order of “Signature BankWILMINGTON TRUST, N.A. as Escrow Agent for Aina Le’aAmerican Rebel Holdings, Inc.,” ”, or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 166835-000 A/C Name: American Rebel Escrow Attn: Lxxxx Xxxxxxxx International Wires: M&T Buffalo, New York ABA: 000000000 SWIFT: MXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 163835-000 A/C Name: American Rebel Escrow All such checks and wire transfers remitted to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as the Escrow Agent for Aina Le’ashall be accompanied by information identifying each Investor, Inc.subscription, Account No. , in each case, with the name Investor’s social security or taxpayer identification number and address of the individual or entity making paymentaddress. In the event any Subscriberthe Investor’s address is and/or social security number or taxpayer identification number are not provided to Escrow Agent by the SubscriberInvestor, then Placement Agent and/or the Company agrees agree to promptly upon request provide Escrow Agent with such information in writing. All The checks or wire transfers shall be deposited into a non-non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled “Aina Le’aWILMINGTON TRUST, N.A. as Escrow Agent for American Rebel Holdings, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). In the event that any subscription agreements and/or funds with respect to any subscription agreement are delivered to the Placement AgentAmerican Rebel Escrow c/o Wilmington Trust 1000 Xxxxx Xxxxxx Xxxxxx Wilmington, the Placement Agent shall, promptly forward, by no later than noon of the next Business Day after receipt, such subscription agreement(s) and/or subscription funds/checks to the Escrow Agent.DE 19890 Attn: Workflow Management
(b) The collected funds deposited into the Escrow Account are referred refened 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 Subscriber Investor and advise the Company and Placement Agent promptly thereof.
(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.
(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company and Placement Agent uointly and severally] shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.
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