Common use of Deposit of Certificates Clause in Contracts

Deposit of Certificates. if the Offering is Fully Subscribed. ------------------------------------------------------------ If subscriptions for all 50,000 Shares have been received and accepted by the Company and $50,000 of funds have been deposited into the Escrow Account within 90 days after the date of the Prospectus, the Company shall deposit into the Escrow Account share certificates issued in the names of each subscriber for the number of Shares sold by the Company to each subscriber. The share certificates certificates shall be held in the Escrow Account during the Post-Offering Period and shall not be released or delivered by the Escrow Agent except as expressly provided herein.