Delivery of Escrow Funds. (i) The Company shall cause to be delivered to Escrow Agent checks received from Subscribers made payable to the order of Signature Bank, as Escrow Agent for SmartMetric, Inc., along with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”). The checks shall be deposited into a non interest-bearing account at Signature Bank entitled "Signature Bank, as Escrow Agent for SmartMetric, Inc.” (the "Escrow Account"). (a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account. (b) The collected funds deposited into the Escrow Account are referred to as the "Escrow Funds.” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company promptly thereof.
Appears in 3 contracts
Samples: Escrow Deposit Agreement (SmartMetric, Inc.), Escrow Deposit Agreement (SmartMetric, Inc.), Escrow Deposit Agreement (SmartMetric, Inc.)
Delivery of Escrow Funds. (ia) The Company shall cause deliver to be delivered to the Escrow Agent checks received from Subscribers or wire transfers made payable to the order of Signature Bank“Escrow Specialists, as TransAct Energy Corp. Escrow Account” together with the Subscribers mailing address. The funds delivered to the Escrow Agent for SmartMetric, Inc., along with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”). The checks shall be deposited by the Escrow Agent into a non non-interest-bearing account at Signature Bank entitled "Signature Bankdesignated “Escrow Specialists, as TransAct Energy Corp. Escrow Agent for SmartMetric, Inc.Account” (the "“Escrow Account").
(a”) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money and shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide held and distributed by the Escrow Agent in writing accordance with the name, address and social security number or taxpayer identification number of the Subscriberterms hereof. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to herein as the "“Escrow Funds.”” The Escrow Agent shall acknowledge receipt of all Escrow Funds by notifying the Company of deposits into the Escrow Account in the Escrow Agent’s customary manner no later than the next business day following the business day on which the Escrow Funds are deposited into the Escrow Account.
(cb) 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 promptly thereofCompany.
Appears in 2 contracts
Samples: Proceeds Escrow Agreement (Transact Energy Corp), Proceeds Escrow Agreement (Transact Energy Corp)
Delivery of Escrow Funds. (ia) The Underwriter and the Company shall cause instruct Investors to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricShineco, Inc.,” or wire transfer to Signature Bank, 900 Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Shineco, Inc., along Account No. 1502647489, in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”)payment. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "“Shineco, Inc., Signature Bank, as Escrow Agent for SmartMetric, Inc.Agent” (the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber Investor and advise the Company and Underwriter promptly thereof.
(d) Funds or checks received by the Underwriter shall be forwarded to the Escrow Agent by noon of the next business day following the date of receipt thereof by the Underwriter.
Appears in 2 contracts
Samples: Escrow Deposit Agreement (Shineco, Inc.), Escrow Deposit Agreement (Shineco, Inc.)
Delivery of Escrow Funds. (ia) The Placement Agent and the Company shall cause instruct the Investors to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of Signature Bank“WILMINGTON TRUST, N.A. as Escrow Agent for SmartMetricEbang Escrow”, Inc.or wire transfer to: Wilmington Trust Company ABA #: 000000000 A/C #: 144429-000 A/C Name: Ebang International Escrow Attn: Xxxxx Xxxxxxx International Wires: M&T Buffalo, along with New York ABA: 000000000 SWIFT: XXXXXX00 Beneficiary Bank: Wilmington Trust Beneficiary ABA: 000000000 A/C #: 144429-000 A/C Name: Ebang International Escrow All such checks and wire transfers remitted to the nameEscrow Agent shall be accompanied by information identifying each Investor, subscription, the Investor’s social security or taxpayer identification number and address. In the event the Investor’s address and and/or social security number or taxpayer identification number of are not provided to Escrow Agent by the individual or entity making payment (“Subscriber”)Investor, then the Placement Agent and/or the Company agree to promptly upon request provide the Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank WILMINGTON TRUST, NATIONAL ASSOCIATION entitled "Signature Bank, as Escrow Agent for SmartMetric, Inc.“Ebang Escrow” (the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the 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 2 contracts
Samples: Escrow Agreement (Ebang International Holdings Inc.), Escrow Agreement (Ebang International Holdings Inc.)
Delivery of Escrow Funds. (ia) The Underwriter and the Company shall cause instruct Investors to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricSpheric Technologies, Inc.,” or wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Spheric Technologies, Inc., along Account No., in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“payment. In the event any Subscriber”)’s address and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Subscriber, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "“Signature Bank, as Escrow Agent for SmartMetricSpheric Technologies, Inc.” (the "“Escrow Account"”).
(a) (ii) . The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money Underwriter shall be wired promptly deliver to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent all monies which it receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number prospective purchasers of the Subscriber. All Shares by noon of the next business day following receipt of such money shall be deposited into monies by the Escrow AccountUnderwriter.
(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 Underwriter promptly thereof.
Appears in 2 contracts
Samples: Escrow Deposit Agreement (Spheric Technologies, Inc.), Escrow Deposit Agreement (Spheric Technologies, Inc.)
Delivery of Escrow Funds. (ia) The Placement Agent and the Company shall cause instruct Subscribers to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, Bank as Escrow Agent for SmartMetricWorld Tree USA, Inc.LLC” or wire transfer to Signature Bank, along 000 Xxxxxxxx, Xxxxxxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to “Signature Bank as Escrow Agent for World Tree USA, LLC” Account No. 1504036096, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”). The checks shall be deposited into a non interest-bearing account at Signature Bank entitled "Signature Bank, as Escrow Agent for SmartMetric, Inc.” (the "Escrow Account").
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________payment. In the event that the Escrow Agent receives funds directly from the any Subscriber, the Company shall provide the Escrow Agent in writing with the name, ’s address and and/or social security number or taxpayer identification number of are not provided to Escrow Agent by the Subscriber, then Placement Agent and/or the Company agree to promptly provide Escrow Agent with such information in writing. All such money shall be deposited into The Placement Agent and Company authorize the Escrow Agent to negotiate such checks and accept such wire transfers and deposit the proceeds of such checks and wires into an interest-bearing money market deposit account at Signature Bank, entitled “Signature Bank as Escrow Agent for World Tree USA, LLC” (the “Escrow Account”).
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and Placement Agent promptly thereof.
Appears in 2 contracts
Samples: Escrow Deposit Agreement (World Tree Usa, LLC), Escrow Deposit Agreement (World Tree Usa, LLC)
Delivery of Escrow Funds. (ia) The Underwriter and the Company shall cause instruct Investors to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricShineco, Inc.,” or wire transfer to Signature Bank, 900 Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Shineco, Inc., along Account No. 1502650277, in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”)payment. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "“Shineco, Inc., Signature Bank, as Escrow Agent for SmartMetric, Inc.Agent” (the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber Investor and advise the Company and Underwriter promptly thereof.
(d) Funds or checks received by the Underwriter shall be forwarded to the Escrow Agent by noon of the next business day following the date of receipt thereof by the Underwriter.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Company shall cause instruct Purchasers to be delivered deliver to the Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricElectro Energy,” or wire transfer to Signature Bank, Inc.000 Xxxxxxx Xxxxxx, along Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Electro Energy, Account No. 1500766316, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”)payment. In the event any Purchaser’s address and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Purchaser, then the Company agrees to promptly provide Escrow Agent with such information in writing. The wire transfers or certified checks shall be deposited into a non interest-bearing account at Signature Bank entitled "“Signature Bank, as Escrow Agent for SmartMetric, Inc.Electro Energy” (the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account or transferred to the Retained Amount Escrow Account (as defined below) pursuant to section 2(b) herein 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 promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Placement Agents and the Company shall cause instruct Subscribers to be delivered deliver to the Placement Agents or Escrow Agent checks received from Subscribers made payable to the order of "Signature Bank, as Escrow Agent for SmartMetricPurden Lake Resource Corp.," or wire transfer to Signature Bank, Inc.200 Xxxxxxx Xxxxxx, along Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Purden Lake Resource Corp., Account No. 1501326425, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“payment. In the event any Subscriber”)'s address and/or social security number or taxpayer identification number are not provided to the Escrow Agent by such Subscriber, the Placement Agents and/or the Company agree to promptly provide the Escrow Agent with such information. The checks or wire transfers shall be deposited into a non interest-interest- bearing account at Signature Bank entitled "Signature Bank, as Escrow Agent for SmartMetric, Inc.” Purden Lake Resource Corp." (the "Escrow Account").
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "Escrow Funds.”"
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and the Placement Agents promptly thereof.
(d) The Escrow Agent shall hold all Escrow Funds in the Escrow Account free from any lien, claim or offset of the Escrow Agent, except as set forth herein.
Appears in 1 contract
Samples: Escrow Deposit Agreement (China BCT Pharmacy Group, Inc.)
Delivery of Escrow Funds. (ia) The Underwriter and the Company shall cause instruct Investors to be delivered deliver to Escrow Agent checks received from Subscribers made payable wire transfers to the order of Signature Bank, 950 Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, ABA No. 020000000 xor credit to Signature Bank, as Escrow Agent for SmartMetricMoleculin Biotech, Inc., along Account No. 1500000000, in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment (“Subscriber”)payment. The previous sentence notwithstanding, any checks received by the Escrow Agent directly from investors or indirectly through an underwriter made payable to the order of “Signature Bank, as Escrow Agent for Moleculin Biotech, Inc.” shall be dealt with as set forth below. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The wire transfers and any such checks shall be deposited into a non interest-bearing account at Signature Bank entitled "“Moleculin Biotech, Inc., Signature Bank, as Escrow Agent for SmartMetric, Inc.Agent” (the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber Investor and advise the Company and Underwriter promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Company Placement Agent and the Trust shall cause instruct Subscribers to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of Signature "UMB Bank, as Escrow Agent for SmartMetricwShares Bitcoin Fund," or wire transfer to UMB Bank NA, Inc.000 Xxxxx Xxxx, along Xxxxxx Xxxx, XX 00000, XXX No: 000000000, Account No: 9800006823, Account Name: Trust Clearance for credit to wShares Bitcoin Fund, Account No.160156.1, Attn Xxxx Xxxxxxx, in each case, with the name, name and address and social security number or taxpayer identification number of the individual or entity making payment (“payment. In the event any Subscriber”)'s address is not provided to Escrow Agent by the Subscriber, then the Trust agrees to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non non-interest-bearing account at Signature UMB Bank entitled "Signature wShares Bitcoin Fund, UMB Bank, as Escrow Agent for SmartMetric, Inc.” Agent" (the "Escrow Account").
(a) (ii) The . Subscription funds received from any participating Subscriber will be promptly transmitted to the Escrow Agent may receive money from Account in compliance with Rule 15c2-4 of the Subscriber by means Securities Exchange Act of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank1934, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Accountamended.
(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 Trust and the Placement Agent promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Company and the Selling Agent shall cause instruct Subscribers to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricOrganovo, 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 Organovo, Inc., along Account No. 1501667028, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“payment. In the event any Subscriber”)’s address and/or social security number or taxpayer identification number are not provided to Escrow Agent by such Subscriber, then the Company and/or the Selling Agent agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "“Signature Bank, as Escrow Agent for SmartMetricOrganovo, Inc.” (hereinbefore defined as the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and the Selling Agent promptly thereof.
(d) The Escrow Agent shall hold all Escrow Funds in the Escrow Account free from any lien, claim or offset of the Escrow Agent, except as set forth herein.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Underwriter and the Company shall cause instruct Subscribers to be delivered deliver to the Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetric, Inc., along with the name, address and social security number Code Rebel Corporation,” or taxpayer identification number of the individual or entity making payment (“Subscriber”). The checks shall be deposited into a non interest-bearing account at Signature Bank entitled "Signature Bank, as Escrow Agent for SmartMetric, Inc.” (the "Escrow Account").
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired transfer to Signature Bank, ABA No. 000000000, 000 Xxxxx Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc.Code Rebel Corporation, Account No. _____________, in each case with the name and address of the individual or entity making payment. In the event that the any Subscriber’s address is not provided to Escrow Agent receives funds directly from by the Subscriber, then the Company shall agrees to promptly provide the Escrow Agent with such information in writing with the name, address and social security number writing. The checks or taxpayer identification number of the Subscriber. All such money wire transfers shall be deposited into a non-interest-bearing account at Signature Bank entitled “Code Rebel Corporation, Signature Bank, as Escrow Agent” (the “Escrow Account”).
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and Underwriter promptly thereof.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Placement Agent, Pubco and the Company shall cause instruct Subscribers to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricOrganovo, 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 Organovo, Inc., along Account No. 1501725427, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“payment. In the event any Subscriber”)’s address 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 agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "“Signature Bank, as Escrow Agent for SmartMetricOrganovo, Inc.” (hereinbefore defined as the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and the Placement Agent promptly thereof.
(d) The Escrow Agent shall hold all Escrow Funds in the Escrow Account free from any lien, claim or offset of the Escrow Agent, except as set forth herein.
Appears in 1 contract
Delivery of Escrow Funds. (ia) The Placement Agents and the Company shall cause instruct Subscribers to be delivered deliver to the Placement Agents or Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetricPurden Lake Resource Corp.,” or wire transfer to Signature Bank, Inc.000 Xxxxxxx Xxxxxx, along Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for Purden Lake Resource Corp., Account No. 1501326425, in each case, with the name, address and social security number or taxpayer identification number of the individual or entity making payment (“payment. In the event any Subscriber”)’s address and/or social security number or taxpayer identification number are not provided to the Escrow Agent by such Subscriber, the Placement Agents and/or the Company agree to promptly provide the Escrow Agent with such information. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled "“Signature Bank, as Escrow Agent for SmartMetric, Inc.Purden Lake Resource Corp.” (the "“Escrow Account"”).
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired to Signature Bank, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA Number 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc., Account No. ____________. In the event that the Escrow Agent receives funds directly from the Subscriber, the Company shall provide the Escrow Agent in writing with the name, address and social security number or taxpayer identification number of the Subscriber. All such money shall be deposited into the Escrow Account.
(b) The collected funds deposited into the Escrow Account are referred to as the "“Escrow Funds.”
(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and the Placement Agents promptly thereof.
(d) The Escrow Agent shall hold all Escrow Funds in the Escrow Account free from any lien, claim or offset of the Escrow Agent, except as set forth herein.
Appears in 1 contract
Samples: Escrow Deposit Agreement (CHINA BAICAOTANG MEDICINE LTD)
Delivery of Escrow Funds. (ia) The Underwriter and the Company shall cause instruct Investors to be delivered deliver to Escrow Agent checks received from Subscribers made payable to the order of “Signature Bank, as Escrow Agent for SmartMetric, Inc., along with the name, address and social security number SXXX.xxx Limited,” or taxpayer identification number of the individual or entity making payment (“Subscriber”). The checks shall be deposited into a non interest-bearing account at Signature Bank entitled "Signature Bank, as Escrow Agent for SmartMetric, Inc.” (the "Escrow Account").
(a) (ii) The Escrow Agent may receive money from the Subscriber by means of wire transfer, whereby money shall be wired transfer to Signature Bank, 000 900 Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx XX 00000, ABA Number No. 000000000 for credit to Signature Bank, as Escrow Agent for SmartMetric, Inc.SXXX.xxx Limited, Account No. ____________1503262742, in each case, with the name and address of the individual or entity making payment. In the event that the any Investor’s address is not provided to Escrow Agent receives funds directly from by the SubscriberInvestor, then Underwriter and/or the Company shall agree to promptly provide the Escrow Agent with such information in writing with the name, address and social security number upon request. The checks or taxpayer identification number of the Subscriber. All such money wire transfers shall be deposited into a non-interest-bearing account at Signature Bank entitled “SXXX.xxx Limited, Signature Bank, as Escrow Agent” (the “Escrow Account”). The Escrow Agent shall not accept any deposits into the Escrow AccountAccount until it has received notice from the Company or the Underwriter that the Registration Statement is declared effective by the Commission.
(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 collection, or demand payment 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 Underwriter promptly thereof.
Appears in 1 contract