Deposit of Escrow Deposit Sample Clauses

Deposit of Escrow Deposit. On or before the date hereof, each Purchaser shall transmit the Escrow Deposit to Escrow Agent by federal wire transfer of immediately available U.S. funds. Subject to Section 8(d) hereof, and until all of the Escrow Deposit shall have been disbursed as provided in this Agreement, Escrow Agent shall hold the Escrow Deposit in an non-interest bearing account. Upon distribution to the Company, such income shall be treated as income of the Company for income tax purposes. Whenever required by this Agreement to disburse any of the Escrow Deposit, Escrow Agent shall liquidate sufficient investments to permit such disbursement to be made.
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Deposit of Escrow Deposit. At the consummation of the Maven Transaction, the transfer agent of ISS (the “Transfer Agent”) shall deliver to the Escrow Agent, but registered in the name of the applicable Maven Shareholders as the owner thereof, share certificates representing 35% of the ISS Common Stock issued to the Maven Stockholders at the Closing. The ISS Common Stock shall be referred to as Shareholders Escrow Shares, in the case of claims under Section 3.1 and shall be referred to as Milestone Escrow Shares, in the case of clams under Section 3.2. The ISS Common Stock shall be held and distributed subject to the terms and conditions of the Exchange Agreements and this Escrow Agreement.
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Deposit of Escrow Deposit. On the date hereof, the Subsidiary delivered to the Escrow Agent for deposit in escrow (all such amounts held by the Escrow Agent in escrow, the “Escrow Fund”) pursuant to the provisions hereof a wire transfer of immediately available funds in the amount of $25,000,000 (the “Escrow Deposit”). Receipt of the Escrow Deposit is hereby acknowledged by the Escrow Agent.
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Deposit of Escrow Deposit. Pursuant to Section 1.11 of the Merger Agreement, Parent has deposited with the Escrow Agent the cash amount of $8,550,000 (the "Escrow Deposit") which represents a portion of the Initial Cash Consideration under the Merger Agreement. The Escrow Agent hereby acknowledges receipt of the Escrow Deposit.
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Deposit of Escrow Deposit. Simultaneously with the execution of this Escrow Agreement, Buyer has delivered the Escrow Deposit to the Escrow Agent. The receipt of the Escrow Deposit is hereby acknowledged by the Escrow Agent.
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Deposit of Escrow Deposit. Simultaneously with the execution hereof by all of the parties hereto, BUYER has deposited with ESCROW AGENT the sum of Fifteen Million Dollars ($15,000,000) (the “ESCROW DEPOSIT”), which ESCROW DEPOSIT shall be held and disbursed by ESCROW AGENT in accordance with and subject to the terms and conditions of this ESCROW AGREEMENT.
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Deposit of Escrow Deposit. Release from Escrow.
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Deposit of Escrow Deposit. On or before the date hereof, each Purchaser shall transmit the Escrow Deposit to Escrow Agent by federal wire transfer of immediately available U.S. funds. Subject to Section 8(d) hereof, and until all of the Escrow Deposit shall have been disbursed as provided in this Agreement, Escrow Agent shall hold the Escrow Deposit in an interest bearing account entitled "Drinker Biddle & Reath LLP as escrox xxxnt." Xxl income earned on and other proceeds of the Escrow Deposit shall be added to the amount thereof and distributed in accordance with the terms hereof. Upon distribution to the Company, such income shall be treated as income of the Company for income tax purposes. Whenever required by this Agreement to disburse any of the Escrow Deposit, Escrow Agent shall liquidate sufficient investments to permit such disbursement to be made.
Sample 1
Deposit of Escrow Deposit 
Sample 1

Related to Deposit of Escrow Deposit

  • Deposit of Escrow Fund The Escrow Agent shall establish an account in the name of Mercantile Absolute Return Fund LLC, Escrow Account for the Benefit of Members (the "Subscription Account") and an account in the name of Mercantile Absolute Return Fund LLC Repurchase Account (the "Repurchase Account") and together with the Subscription Account, (the "Accounts"). The Escrow Agent shall promptly deposit in the Subscription Account checks remitted by Potential Members and made payable to the Company. Potential Members also may deposit monies in the Subscription Account by wire transfer pursuant to instructions provided to them by the Company. Balances on deposit in the Subscription Account will earn interest at prevailing market rates pursuant to arrangements approved by the Company.

  • Deposit of Escrow Funds Escrow Holder acknowledges the receipt from Seller of _________________ Thousand and No/100 Dollars ($____________.00) (the “Escrow Funds”). The Escrow Funds are the property of Guarantor subject to the terms of this Agreement. Escrow Holder shall disburse the Escrow Funds in strict accordance with the terms of this Agreement.

  • Deposit of Escrow Shares On or before the Effective Date, each of the Initial Stockholders shall deliver to the Escrow Agent certificates representing his respective Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement. Each Initial Stockholder acknowledges that the certificate representing his Escrow Shares is legended to reflect the deposit of such Escrow Shares under this Agreement.

  • Deposit of Escrow Securities On or before the Closing Date, the Initial Holders shall deliver to the Escrow Agent certificates representing their respective Escrow Securities, in proper transfer order with Medallion guaranteed stock powers, to be held and disbursed subject to the terms and conditions of this Agreement. The Initial Holders acknowledge and agree that the certificates representing the Escrow Securities will bear a legend to reflect the deposit of such Escrow Securities under this Agreement.

  • Disbursement of Escrow Funds (a) Subject to Section 3(b) and Section 10, NCPS shall promptly disburse in accordance with the Instruction Letter the liquidated value of the Escrow Funds from the Escrow Account to Issuer by wire transfer no later than one Business Day following receipt of the following documents:

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Investment of Escrow Funds The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

  • Investment of Escrow Amount Escrow Agent may, at its’ discretion, invest any or all of the Escrow Account balance as permitted by banking or trust company regulations. No interest shall be paid to Issuer or Subscribers on balances in the Escrow Account or in Issuers custodial account.

  • Investment of Escrow Account The Escrow Agent shall deposit funds received from purchasers in the Escrow Account, which shall be a non-interest-bearing bank account at SunTrust Bank.

  • Investment of Escrow Fund During the term of this Escrow Agreement, the Escrow Fund shall be invested and reinvested by the Escrow Agent in the investment indicated on Schedule 1 or such other investments as shall be directed in writing by the Issuer and the Depositor and as shall be acceptable to the Escrow Agent. All investment orders involving U.S. Treasury obligations, commercial paper and other direct investments may be executed through broker-dealers selected by the Escrow Agent. Periodic statements will be provided to the Issuer and the Depositor reflecting transactions executed on behalf of the Escrow Fund. The Issuer and the Depositor, upon written request, will receive a statement of transaction details upon completion of any securities transaction in the Escrow Fund without any additional cost. The Escrow Agent shall have the right to liquidate any investments held in order to provide funds necessary to make required payments under this Escrow Agreement. The Escrow Agent shall have no liability for any loss sustained as a result of any investment in an investment indicated on Schedule 1 or any investment made pursuant to the instructions of the parties hereto or as a result of any liquidation of any investment prior to its maturity or for the failure of the parties to give the Escrow Agent instructions to invest or reinvest the Escrow Fund. The Escrow Agent may earn compensation in the form of short-term interest (“float”) on items like uncashed distribution checks (from the date issued until the date cashed), funds that the Escrow Agent is directed not to invest, deposits awaiting investment direction or received too late to be invested overnight in previously directed investments.

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