Common use of Delivery of the Escrowed Funds Clause in Contracts

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).

Appears in 7 contracts

Samples: Indemnification Escrow Agreement (CDT Environmental Technology Investment Holdings LTD), Indemnification Escrow Agreement (Infobird Co., LTD), Indemnification Escrow Agreement (Oriental Culture Holding LTD)

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Delivery of the Escrowed Funds. Upon the closing of the Offering, Offering the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, agent into an 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. 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).

Appears in 3 contracts

Samples: Indemnification Escrow Agreement (Farmmi, Inc.), Indemnification Escrow Agreement (Farmmi, Inc.), Indemnification Escrow Agreement (Farmmi, Inc.)

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 Five Hundred Thousand Dollars ($600,000500,000).

Appears in 1 contract

Samples: Indemnification Escrow Agreement (EZGO Technologies Ltd.)

Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered by the Underwriter 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 Three Hundred Thousand Dollars ($600,000300,000).

Appears in 1 contract

Samples: Indemnification Escrow Agreement (MaxsMaking Inc.)

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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 Two Hundred Thousand Dollars ($600,000200,000).

Appears in 1 contract

Samples: Indemnification Escrow Agreement (Elite Education Group International LTD)

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