Common use of Delivery of Escrow Funds Clause in Contracts

Delivery of Escrow Funds. (a) Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent funds by wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 (Swift Code: XXXXXX00) for credit to BioLife Solutions, Inc., Signature Bank as Escrow Agent, Account No. ________, in each case, with the name and address of the individual or entity making payment. In the event that any Subscriber’s address is 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 funds shall be deposited into a non interest-bearing account at Signature Bank entitled “BioLife Solutions, Inc., 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.

Delivery of Escrow Funds. (a) Placement Agent Agents and the Company shall instruct Subscribers to deliver to Escrow Agent funds by wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 (Swift Code: XXXXXX00) for credit to BioLife Solutions, PLC Systems Inc., Signature Bank as Escrow Agent, Account No. ________0000000000, in each case, with the name and address of the individual or entity making payment. In the event that any Subscriber’s address is not provided to Escrow Agent by the Subscriber, then Placement Agent Agents and/or the Company agree to promptly provide Escrow Agent with such information in writing. The funds shall be deposited into a non interest-bearing account at Signature Bank entitled “BioLife Solutions, PLC Systems Inc., 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.

Delivery of Escrow Funds. (a) Placement Agent and the Company shall instruct Subscribers to deliver to Escrow Agent funds by wire transfer to Signature Bank, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, ABA No. 000000000 (Swift Code: XXXXXX00) for credit to BioLife SolutionsRealco International, Inc., Signature Bank as Escrow Agent, Account No. ________1502567264, in each case, with the name and address of the individual or entity making payment. In the event that any Subscriber’s address is 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 funds shall be deposited into a non interest-bearing account at Signature Bank entitled “BioLife SolutionsRealco International, Inc., 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.