Deposit into Escrow Account. On the date of this Agreement, Parent is depositing the Escrow Amount with the Escrow Agent into an interest bearing escrow account established with the Escrow Agent entitled PhoneTel Technologies, Inc. Escrow Account (the "Escrow Account").
Deposit into Escrow Account. On the date of this Agreement, PhoneTel is depositing the 175,000 shares of PhoneTel common stock comprising the Escrow Amount into an escrow account established with the Escrow Agent and entitled "PhoneTel Escrow Account" (the "Escrow Account").
Deposit into Escrow Account. On the Closing Date, the Sub shall deposit the Escrow Payment (the Escrow Payment together with any proceeds realized from the investment of the Escrow Payment are collectively referred to as the "Escrow Amount") into an escrow account (the "Escrow Account") with BancTrust, the Trust Division of BancFirst, Oklahoma City, Oklahoma (the "Escrow Agent"), to be held and invested by the Escrow Agent pursuant to the terms and conditions of the Escrow Agreement attached as Exhibit C to this Agreement and distributed not later than one (1) year following the Closing Date (the "Escrow Closing Date").
Deposit into Escrow Account. Concurrently with the execution and delivery hereof and of the Purchase Agreement, the Buyer has delivered to the Escrow Agent the sum of Five Hundred Thousand Dollars ($500,000.00) for deposit in an account, from which the Escrow Agent alone has the power of withdrawal (the "Escrow Account"), to be held by the Escrow Agent under and subject to the terms and provisions of this Agreement. Receipt of the funds so deposited is hereby acknowledged by the Escrow Agent. The Purchaser and the Seller respectively do hereby confirm the Purchase Agreement and promise and agree to take such action in connection with the effectuation and administration of this Agreement as shall be reasonable and proper to fulfill their respective duties and obligations under the Purchase Agreement.
Deposit into Escrow Account. (a) Concurrently with the closing of the offering of the Notes on the Issue Date, the Issuers will enter into the Escrow Agreement with, inter alios, the Trustee and the Escrow Agent, pursuant to which the Initial Purchasers will deposit (i) the gross proceeds of the Senior Euro Notes sold on the Issue Date into the Senior Euro Escrow Account and (ii) the gross proceeds of the Senior Dollar Notes sold on the Issue Date into the Senior Dollar Escrow Account ((i) and (ii) together, the “Escrow Accounts”), in each case, pursuant to the terms of the Escrow Agreement.
Deposit into Escrow Account. The Escrow Bank will establish an Escrow Account into which all fees received from the Hospital pursuant to the Hospital Contract will be deposited. The account will be in the form of an escrow account and the Escrow Bank will have total and complete control over the Escrow Account, subject to the terms of this Agreement. Notwithstanding anything in this Agreement to the contrary, Escrow Bank may charge the Escrow Account to the extent permitted by this Agreement or applicable law, for: (i) the face amount of a check, draft, money order, instrument, wire transfer of funds, automated clearing house entry, credit from a merchant card transaction, other electronic transfer of funds or other item (A) deposited in or credited to the Escrow Account, whether before or after the date of this Agreement, and returned unpaid or otherwise uncollected or subject to an adjustment entry, whether for insufficient funds or for any other reason and without regard to the timeliness of the return or adjustment or the occurrence or timeliness of any other person’s notice of nonpayment or adjustment, or (B) deposited in or credited to the Escrow Account, whether before or after the date of this Agreement, which is subject to a claim against Escrow Bank for breach of transfer, presentment, encoding, retention or other warranty under Federal Reserve Regulations or Operating Circulars, clearing house rules, the UCC or other applicable law; (ii) normal service charges or fees payable to Escrow Bank in connection with the Escrow Account or any depository services related to the Escrow Account; and (iii) any adjustments or corrections of any posting or encoding errors as to the Escrow Account. If any action is brought by a party to enforce this Agreement, the non-prevailing party shall pay to the prevailing party its reasonable out-of-pocket legal fees and expenses incurred in such action provided that such action, is finally adjudicated by a court of competent jurisdiction. Except for the above mentioned fees and charges and deductions for returned items, Escrow Bank shall have no rights in the Escrow Account or any of the funds therein. To the extent that Escrow Bank may have ever had any such rights, Escrow Bank hereby expressly agrees to subordinate all such rights.
Deposit into Escrow Account. Pursuant to Paragraph 1.2.b.(2) of the Purchase Agreement, on the First Closing Date, Xxxxxx XX will deposit Forty Thousand (40,000) shares of Common Stock of Xxxxxx (Xxxxxx Common Stock), registered in the names of the Significant Shareholders as set forth on the attached Schedule A , into an account (the Escrow Account) maintained by the ----------
Deposit into Escrow Account. Promptly following the execution and delivery of this Agreement, the Purchaser shall cause to be deposited with the Escrow Agent, and upon such deposit the Escrow Agent shall acknowledge receipt of, $20,000,000 (such funds together with any income earned thereon pursuant to Section 4 hereof after payment of expenses incurred or taxes incurred, the “Escrowed Funds”) via a wire transfer of immediately available funds to the account of the Escrow Agent set forth in Schedule 2 hereto (the “Escrow Account”). The Escrow Agent shall hold the Escrowed Funds and shall administer the same and the Escrow Account in accordance with the terms of this Agreement. The Escrow Agent shall report to the Company and the Purchaser upon receipt of the Purchase Price into the Escrow Account.
Deposit into Escrow Account. At the Closing, Buyer shall deposit the principal amount of the Escrowed Funds into the Escrow Account, which shall be governed by the terms of the Escrow Agreement.
Deposit into Escrow Account. (a) Concurrently with the execution and delivery of this Agreement, in accordance with Section 7.17 and Section 9.8 of the Asset Purchase Agreement, the Sellers shall deposit with the Escrow Agent and the Escrow Agent will acknowledge upon receipt an amount equal to $[ ] (the “Escrowed Funds Balance”) to be held in Account No. [ ] (the
