Deposit of Escrow Funds Sample Clauses

Deposit of Escrow Funds. By its execution hereof, Recipient acknowledges that the deposit of the Escrow Funds into escrow with Escrow Agent does not confer any rights or claims to the Escrow Funds by Recipient unless all of the conditions in Section 2 above and the conditions as set forth in the Grant Agreement, have been satisfied.

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 Funds. Simultaneously with the execution and delivery of this Escrow Agreement, the Company will transfer the Escrow Funds in the amount set forth on Schedule A hereto to Escrow Agent, by wire transfer of immediately available funds, to the account of the Escrow Agent referenced on Schedule A hereto. The Escrow Funds shall be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes as set forth in this Escrow Agreement. The Officer and his beneficiaries shall have no preferred claim on, or any beneficial ownership interest in the Escrow Funds. Any rights created under this Escrow Agreement shall be mere unsecured contractual rights of the Officer. The Escrow Funds held by the Escrow Agent will be subject to the claims of the Company’s general creditors under federal and state law in the event of Insolvency.

Deposit of Escrow Funds. Within five (5) business days of the execution and delivery of this Escrow Agreement, Depositor will transfer the Escrow Funds in the amount $_____ by wire transfer of immediately available funds, to an account designated by Escrow Agent.

Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Agreement, Depositor will transfer the Escrow Funds in the amount of $345,000.00 by wire transfer of immediately available funds, to a separate account designated by Escrow Agent, maintained for the purposes, and on the terms and subject to the conditions, set forth in this Agreement (the “Escrow Account”). Escrow Funds shall remain uninvested except as provided in Section 7.

Deposit of Escrow Funds. Upon execution of a subscription agreement, the Subscribing Stockholder shall have delivered to the Escrow Agent, via check or wire transfer, the sum total equal to the Purchase Price, which sum shall remain in the Client Trust Account at Bank of America, N.A. held for the benefit of the Subscribing Stockholder, to be held and disbursed subject to the terms and conditions of this Agreement.

Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Escrow Agreement, Purchaser will transfer the Escrow Funds in the amount of USD Three Million Dollars (USD $3,000,000.00) by wire transfer of immediately available funds, to an account designated by Escrow Agent.

Deposit of Escrow Funds a. Within 30 days of the Effective Date of the Settlement, (1) TIN will deposit $4,250,000 with the Escrow Agent to form the Real Property Owners Fund; (2) TIN will deposit $2,750,000 with the Escrow Agent to form the Business Entities Fund; (3) TIN will deposit $1,500,000 with the Escrow Agent to form the Other Impacted Persons Fund; and (4) TIN will deposit $500,000 with the Escrow Agent to form the Other Losses Fund. The deposits made by TIN are collectively referred to as the “Settlement Funds Escrow Deposits,” and, together with any investment income or proceeds received by the Escrow Agent from the investment thereof from time to time pursuant to Section 2 below, collectively, the “Settlement Funds Escrow Property.” The Escrow Agent agrees to hold the Settlement Funds Escrow Property in accounts established with the Escrow Agent (“Settlement Funds Escrow Accounts”), such that the Settlement Funds Escrow Property will be segregated from other assets of the Interested Parties pursuant to the Qualified Settlement Fund requirements in Treasury Regulation Section 1.468B-1 of the IRC. The Escrow Agent also agrees to administer the Settlement Funds Escrow Property in accordance with the terms of this Agreement. b. The Settlement Funds Escrow Property is to be held in the Settlement Funds Escrow Accounts until fully disbursed in accordance with the terms of the Amended Settlement Agreement, this Agreement and applicable orders of the Court. The Escrow Agent shall follow the directions given by the Special Master or the Settlement Administrator with respect to any disbursements of the Settlement Funds Escrow Property. The Escrow Agent shall notify the following representative of TIN whenever a disbursement is made: Xxx Xxxx, Xxxxxx Xxxxx Xxxxxxx Xxxxx & Xxxxx LLP, 000 Xxxxxxx Xxxxxx, Xxxxx 0000, Xxx Xxxxxxx, XX 00000.

Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Agreement, Purchaser, on behalf of the Seller Parties, will transfer Escrow Funds in the amount of $19,500,000 (Nineteen Million Five Hundred Thousand Dollars), by wire transfer of immediately available funds, to a segregated account designated by Escrow Agent.

Deposit of Escrow Funds. (a) Upon execution of this Escrow Agreement, Purchaser shall deposit the sum of One Hundred Dollars ($100.00) into an account (the "Escrow Account") established with Escrow Agent. In addition to such initial deposit, Escrow Agent shall receive a monthly amount from Finova Realty Capital, Inc., a Delaware corporation ("FRC") for immediate deposit into the Escrow Account. At all times from and effect the date of this Agreement, Purchaser shall be the sole owner of the Escrow Account. (b) Escrow Agent will hold the initial deposit and all subsequent deposits from FRC in the Escrow Account, together with all investments thereof and all interest accumulated thereon and proceeds therefrom, in escrow upon the terms and conditions set forth in this Escrow Agreement and shall not disburse funds from the Escrow Account except as provided herein. (c) Unless otherwise directed by Purchaser, Escrow Agent shall invest the Escrow Account solely in securities issued or guaranteed by the United States or an agency thereof, or in securities of mutual funds the assets of which are invested in securities issued or guaranteed by the United States or an agency thereof, or in repurchase agreements involving securities issued or guaranteed by the United States or an agency thereof, or in certificates of deposit issued by banks.