Common use of Deposit and Receipt of Funds Clause in Contracts

Deposit and Receipt of Funds. (a) The Dealer Manager shall deposit promptly all checks received by it in payment of subscriptions in an escrow account entitled "Bank of Texas, N.A., Escrow Agent for Reef 200 - Drilling Partnership, L.P.," established at the Bank, for the purpose of this Escrow Agreement. Concurrently with the delivery of such deposits to the Bank, the Dealer Manager shall supply the Bank and the Managing General Partner with the name, mailing address and a completed Form W9/W8 for each subscriber. The Bank shall hold the proceeds of said checks (the "Escrow Funds") in escrow until disbursements therefrom are directed as set forth in Paragraph 2.4.

Appears in 2 contracts

Samples: Escrow Agreement (Reef 2007-2009 Drilling Program), Escrow Agreement (Reef 2007-2009 Drilling Program)

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Deposit and Receipt of Funds. (a) The Dealer Manager shall deposit promptly all checks received by it in payment of subscriptions in an escrow account entitled "Bank of Texas“Wilmington Trust, N.A., Escrow Agent for Reef 200 - 2012-2013 Drilling PartnershipFund, L.P.," established at the Bank, for the purpose of this Escrow Agreement. Concurrently with the delivery of such deposits to the Bank, the Dealer Manager shall supply the Bank and the Managing General Partner with the name, mailing address and a completed Form W9/W8 for each subscriber. The Bank shall hold the proceeds of said checks (the "Escrow Funds") in escrow until disbursements therefrom are directed as set forth in Paragraph 2.4.

Appears in 1 contract

Samples: Escrow Agreement (Reef 2012 - 2013 Drilling Fund, L.P.)

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Deposit and Receipt of Funds. (a) The Dealer Manager shall deposit promptly all checks received by it in payment of subscriptions in an escrow account entitled "Bank of Texas, N.A., Escrow Agent for Reef 200 - Drilling PartnershipGlobal Energy , L.P.," established at the Bank, for the purpose of this Escrow Agreement. Concurrently with the delivery of such deposits to the Bank, the Dealer Manager shall supply the Bank and the Managing General Partner with the name, mailing address and a completed Form W9/W8 for each subscriber. The Bank shall hold the proceeds of said checks (the "Escrow Funds") in escrow until disbursements therefrom are directed as set forth in Paragraph 2.4.

Appears in 1 contract

Samples: Escrow Agreement (Reef Global Energy Ventures II)

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