Delivery of the Escrowed Funds. 2.1 The Placement Agent and/or the Company will direct subscribers in the Offering to deliver the Escrowed Funds to the Escrow Agent, addressed to following account of the Escrow Agent: Account Name: Tri-State Title & Escrow, LLC Bank: Access National Bank, Xxxxxx, XX 00000 Account No.: 0000000 ABA No: .000000000
(a) All Subscribers’ checks shall be made payable to “TRI-STATE TITLE & ESCROW, LLC” and shall be delivered to the Escrow Agent at the address set forth on Exhibit A hereto and shall be accompanied by a written account of subscription in the form attached hereto as Exhibit B (the “Subscription Information”) The Escrow Agent shall, upon receipt of a Subscription, together with the related Investment Amount therefore, deposit the related Investment Amount of said Subscription in the Escrow Account for collection; or (b) all funds to be wired shall be wired to the account set forth in Section 2.1 above and written Subscription Information shall be faxed or emailed to the Escrow Agent in accordance with the information provided on Exhibit A.
2.3 Any checks which are received by Escrow Agent that are made payable to a party other than the Escrow Agent shall be returned directly to the Placement Agent together with any documents delivered therewith. Simultaneously with each deposit, the Placement Agent shall provide the Escrow Agent with the Subscription Information to include the name, address and taxpayer identification number of each Subscriber and of the aggregate principal amount of Securities subscribed for by such Subscriber. The Escrow Agent is not obligated, and may refuse, to accept checks that are not accompanied by a Subscription containing the requisite information.
2.4 In the event a wire transfer is received by the Escrow Agent and the Escrow Agent has not received Subscription Information, the Escrow Agent shall notify the Placement Agent. If the Escrow Agent does not receive the Subscription Information by such Subscriber prior to close of business on the third business day (days other than a Saturday or Sunday or other day on which the Escrow Agent is not open for business in the State of Virginia) after notifying Placement Agent of receipt of said wire, the Escrow Agent shall return the funds to the prospective purchaser.
Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, into a non-interest bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Five Hundred Thousand Dollars ($500,000).
Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, into an interest bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. Such Escrow Account shall bear interest at such rates as provided from time to time by the bank account in which the Escrow Funds are deposited. In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Six Hundred Thousand Dollars ($600,000).
Delivery of the Escrowed Funds a. The Company will direct each Buyer to deliver the Escrowed Funds to the Escrow Agent as follows: REMARK: [COMPANY NAME/BUYER NAME]
b. The Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer, together with the written account of subscription (the “Subscription”) in the form attached hereto as Exhibit B (the “Subscription Information”). The Escrowed Funds to be wired shall be wired to the account set forth in Section 2(a) above and the Subscription shall be faxed or emailed to the Escrow Agent in accordance with the information provided on Exhibit A.
c. Simultaneously with each deposit, each Buyer shall provide the Escrow Agent with the Subscription Information, including the name, address and taxpayer identification number of each Buyer and of the aggregate principal amount of shares of Common Stock and attached warrants subscribed for by such Buyer.
d. In the event a wire transfer is received by the Escrow Agent and the Escrow Agent has not received Subscription Information, the Escrow Agent shall notify the Buyer. If the Escrow Agent does not receive the Subscription Information by such Buyer prior to close of business on the fifth (5th) business day (days other than a Saturday or Sunday or other day on which the Escrow Agent is not open for business in the State of New York) after notifying the Buyer of receipt of said wire, the Escrow Agent shall return the funds to the Buyer.
Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, into an interest-bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. Such Escrow Account shall bear interest at such rates as provided from time to time by the bank account in which the Escrow Funds are deposited. In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Four Hundred Thousand Dollars ($400,000). The parties hereto agree that (i) all interest accrued on the Escrowed Funds shall be paid to the Company (regardless of whether the Escrowed Funds are distributed to the Company or the Underwriter), and (ii) for tax reporting purposes, all interest and/or other taxable income earned on the Escrowed Funds in any tax year shall be taxable to the Company. The Escrow Agent agrees to provide to the Company the appropriate form to report such interest and/or other taxable income earned (i.e., 1099 Misc., etc.).
Delivery of the Escrowed Funds a. The Company hereby directs that the Escrow Agent provide instructions to Wilmington Trust Company, as escrow agent for the General Escrow Agreement, dated as of even date herewith, for the transfer and deposit on the Closing Date of the Escrowed Funds into the escrow account as follows (the “Escrow Account”) maintained by the Escrow Agent by wire transfer in accordance with the wire transfer instructions set forth below: Bank: Xxxxx Fargo Address: 000 Xxxx Xxxx Xxxxxx Xxxxxxxx, Xxx Xxxxxx 00000 ABA No.: 000000000 Account No.: 2000013292968 Reference: Ansheng – Investor and Public Relations Escrow Account Attn: Xxxxxxx X. Xxxxxx, Esq.
Delivery of the Escrowed Funds. The Company hereby directs that the Escrowed Funds be delivered simultaneously with the Closing to the Escrow Agent’s account (the “Escrow Account”) as follows: Bank Name: Nexity Bank ABA #: 000000000 Credit to: Vision Bank – Texas Account #: 2000001897 For the benefit of: Securities Transfer Corporation account “K” Account #: 201558 Escrowed Funds: $450,000
Delivery of the Escrowed Funds a. The Company hereby directs that the Escrow Agent provide instructions to Continental Stock Transfer & Trust Company, as escrow agent for the General Escrow Agreement, dated as of even date herewith, for the transfer and deposit on the Closing Date of the Escrowed Funds into the escrow account as follows (the “Escrow Account”) maintained by the Escrow Agent by wire transfer in accordance with the wire transfer instructions set forth below: Bank: Wachovia Bank NA Address: 000 Xxxx Xxxx Xxxxxx Xxxxxxxx, Xxx Xxxxxx 00000 ABA No.: 000000000 Account No.: 2000013292968 Reference: China Wood – Investor and Public Relations Escrow Account Attn: Xxxxxxx X. Xxxxxx, Esq.
Delivery of the Escrowed Funds. 2.1 Each Investor hereby agrees to deliver its applicable portion of the Escrowed Funds (which shall equal such Investor's Investment Amount) to the Escrow Agent’s account as set forth below within one Business Day of the date of the Securities Purchase Agreement (the “Escrow Account”): Account Name: Tri-State Title & Escrow, LLC Bank: Access National Bank, Xxxxxx, XX 00000 Account No.: 0000000 ABA No: 000000000
2.2 The Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer to the Escrow Account, together, via facsimile or e-mail, with the written account of subscription in the form attached hereto as Exhibit B (the “Subscription Information”). Upon receipt of any portion of the Escrowed Funds, the Escrow Agent shall immediately deposit such Escrowed Funds in the Escrow Account.
Delivery of the Escrowed Funds. 2.1 Within fifteen calendar days after the Company’s U.S. legal counsel has delivered a written notice to the Investment Agent, confirming that the definitive Schedule 14C Information Statement related to this Offering has being filed with the Securities and Exchange Commission, the Investors in the Offering shall deliver the Escrowed Funds to the Escrow Agent, addressed to the following account of the Escrow Agent:
