Common use of Delivery of Escrow Funds Clause in Contracts

Delivery of Escrow Funds. (a) The Underwriter and the Company shall instruct Subscribers to deliver to the Escrow Agent checks made payable to the order of “UMB Bank, as Escrow Agent for FOTV Media Networks Inc.,” or by ACH or wire transfer to UMB Bank, ABA No. , 0000 Xxxxxxxx, Xxxxxx, XX 00000, for credit to UMB Bank, as Escrow Agent for FOTV Media Networks 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. The checks, ACH or wire transfers shall be deposited into a non-interest-bearing account at UMB Bank entitled “UMB Bank as Escrow Agent for FOTV Media Networks Inc.” (the “Escrow Account”). (b) The collected funds deposited into the Escrow Account are referred to as the “Escrow Funds.” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and Underwriter promptly thereof.

Delivery of Escrow Funds. (a) The Underwriter and the Company shall instruct Subscribers to deliver to the Escrow Agent checks made payable to the order of “UMB Bank, as Escrow Agent for FOTV Media Networks Inc.,” or by ACH or wire transfer to UMB Bank, ABA No. , 0000 Xxxxxxxx, Xxxxxx, XX 00000, for credit to UMB Bank, as Escrow Agent for FOTV Media Networks 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. The checks, ACH or wire transfers funds shall be deposited into a non-interest-bearing account at UMB Bank MVB Bank, Inc. entitled “UMB Bank ADiTx Therapeutics, Inc., MVB Bank, Inc., as Escrow Agent for FOTV Media Networks Inc.Agent” (the “Escrow Account”). (b) Underwriter and the Company shall instruct Investors to deliver to Escrow Agent any funds from the Offering in accordance with the instructions set forth on Exhibit A. 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. (c) The collected funds 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 Investor and advise the Company and Underwriter promptly thereof.

Delivery of Escrow Funds. (a) The Underwriter Sales Agent and the Company shall instruct Subscribers to deliver to the Escrow Agent checks made payable to the order of “UMB Signature Bank, as Escrow Agent for FOTV Media Networks Ondas Holdings Inc.,” or by ACH or wire transfer to UMB Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, XX 00000, ABA No. , 0000 Xxxxxxxx, Xxxxxx, XX 00000, for credit to UMB Signature Bank, as Escrow Agent for FOTV Media Networks Ondas Holdings Inc., Account No. , in each case 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. The checks, ACH checks or wire transfers shall be deposited into a non-interest-bearing account at UMB Signature Bank entitled “UMB Bank Ondas Holdings Inc., Signature Bank, as Escrow Agent for FOTV Media Networks Inc.Agent” (the “Escrow Account”). (b) The collected funds deposited into the Escrow Account are referred to as the “Escrow Funds.” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and Underwriter Sales Agent promptly thereof.

Delivery of Escrow Funds. (a) The Underwriter Placement Agent and the Company shall instruct Subscribers to deliver to the Escrow Agent checks made payable to the order of “UMB Signature Bank, as Escrow Agent for FOTV Media Networks Aina Le’a, Inc.,” or by ACH or wire transfer to UMB Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. , 0000 Xxxxxxxx, Xxxxxx, XX 00000, 000000000 for credit to UMB Signature Bank, as Escrow Agent for FOTV Media Networks Aina Le’a, Inc., Account No. _____________, in each case 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. The checks, ACH All checks or wire transfers shall be deposited into a non-interest-bearing account at UMB Signature Bank entitled “UMB Bank Aina Le’a, Inc., Signature Bank, as Escrow Agent for FOTV Media Networks Inc.Agent” (the “Escrow Account”). (b) The collected funds deposited into the Escrow Account are referred to as the “Escrow Funds.” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber and advise the Company and Underwriter Placement Agent promptly thereof.

Delivery of Escrow Funds. (a) The Underwriter and the Company shall instruct Subscribers Investors to deliver to the Escrow Agent checks made payable to the order of “UMB Signature Bank, as Escrow Agent for FOTV Media Networks Inc.1847 Holdings LLC,” or by ACH or wire transfer to UMB Signature Bank, 000 Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000, ABA No. , 0000 Xxxxxxxx, Xxxxxx, XX 00000, 000000000 for credit to UMB Signature Bank, as Escrow Agent for FOTV Media Networks Inc.1847 Holdings LLC, Account No. _____________, in each case 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. The checks, ACH checks or wire transfers shall be deposited into a non-non interest-bearing account at UMB Signature Bank entitled “UMB Bank 1847 Holdings LLC, Signature Bank, as Escrow Agent for FOTV Media Networks Inc.Agent” (the “Escrow Account”). (b) The collected funds deposited into the Escrow Account are referred to as the “Escrow Funds.” (c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Subscriber Investor and advise the Company and Underwriter promptly thereof.