Deposit of Escrowed Funds. On the date hereof, Buyer shall, as partial payment of the Purchase Price, deliver to Escrow Agent for deposit in escrow pursuant to the provisions hereof, a wire transfer of immediately available funds in the amount of $1,750,000 (the "Escrowed Funds") into an interest bearing account.
Deposit of Escrowed Funds. On the Closing Date, the Pledgor shall deposit, or direct the deposit, of the Escrow Amount into the Collateral Account.
Deposit of Escrowed Funds. Certain of the subscribers for the Shares may wire or deposit with the Escrow Agent funds of the subscribers delivered in payment for the Shares (the “Escrowed Funds”). Upon receipt of funds from such subscribers, the Escrow Agent shall credit such funds to a non-interest bearing account held by the Escrow Agent. The wire instructions for such subscriber funds are set forth in the notice provision for the Escrow Agent in Section 9 to this Agreement and in Section 3.3 of the Subscription Agreements. If any checks or other instruments deposited in the escrow account hereunder prove uncollectible, the Escrow Agent shall debit such escrow account for the amount of the returned check or other instrument deposited and shall deliver the returned checks or other instruments to the applicable subscriber.
Deposit of Escrowed Funds. Unless otherwise agreed to by the Company, the Placement Agent and any particular Investor, the Placement Agent shall instruct the Investors to wire to the Escrow Agent funds of such Investors delivered in payment for their respective Shares (the “Escrowed Funds”). The Placement Agent shall, as to each Investor, instruct each such Investor to remit the aggregate purchase price pursuant to the Purchase Agreement entered into by such Investor in the form of a wire transfer to the Escrow Account (as defined below) as promptly as possible with respect to the Escrowed Funds in payment for their respective Shares. Wire transfers to the Escrow Account (as defined below) shall be made in immediately available federal funds transferred to DNB to the following account: Bank name: DNB Bank ASA, New York Branch SWIFT BIC: XXXXXX00 Bank Account Name: DHT Holdings Inc/X.X. Xxxxxx Markets Inc Bank Account Number: 00000000 Attention: Xxxxxx Xxxxx Upon receipt of Escrowed Funds from such Investors, the Escrow Agent shall credit such Escrowed Funds to a fully segregated non-interest bearing account held by the Escrow Agent for the purpose of holding in trust all Escrowed Funds (the “Escrow Account”).
Deposit of Escrowed Funds. All proceeds received from the collection of Payment checks (collectively the “Escrowed Funds”) shall be deposited by the Escrow Agent into the Escrow Account, which shall be a non-interest-bearing account at the Escrow Agent. The Escrow Account shall be fully insured by the Federal Deposit Insurance Corporation or another agency of the United States government, up to the maximum applicable limits on such deposits.
Deposit of Escrowed Funds. The Company and the Placement Agent hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein. The Placement Agent is hereby directed by the Company to instruct each Purchaser for the Shares identified on Exhibit A attached hereto to wire to the Escrow Agent immediately available funds of such Purchaser delivered in payment for the Shares such Purchaser agrees to purchase (the “Escrowed Funds”). Upon receipt of Escrowed Funds from each Purchaser, the Escrow Agent shall credit such Escrowed Funds to an Escrow Account held by the Escrow Agent. The wire instructions to which each Purchaser shall wire or deposit such funds are set forth in the notice provision for the Escrow Agent in Section 10 to this Agreement and in Exhibit A to the Subscription Agreements.
Deposit of Escrowed Funds. Each Purchaser for the Securities identified on Exhibit A attached hereto shall wire or deposit with the Escrow Agent immediately available funds of such Purchaser delivered in payment for the Securities such Purchaser agrees to purchase (the “Escrowed Funds”). Upon receipt of funds from each Purchaser, the Escrow Agent shall credit such funds to a non-interest bearing account held by the Escrow Agent. The wire instructions to which each Purchaser shall wire or deposit such funds are set forth in the notice provision for the Escrow Agent in Section 9 to this Agreement.
Deposit of Escrowed Funds. (a) At the closing (the “Closing”) of the transaction contemplated by the Purchase Agreement, Buyer will deliver to Escrow Agent an aggregate amount of Seven Hundred and Fifty Thousand Dollars ($750,000) to be held by Escrow Agent, subject to the terms and conditions hereof.
(b) All funds deposited by Buyer shall be retained by Escrow Agent in escrow and shall be held in an interest-bearing deposit account pending disbursement pursuant to this Escrow Agreement. For purposes hereof, “Escrowed Funds” shall mean all funds deposited with Escrow Agent pursuant to this Section 2, along with all interest accrued thereon.
Deposit of Escrowed Funds. The Escrowed Funds shall be deposited with Escrow Agent in accordance with the procedures set forth in the Escrow Agreement Supplement that is attached hereto. Upon receipt of the Escrowed Funds from Escrowee, Escrow Agent shall transmit to Escrowee and Escrowor a confirmation of receipt of the Escrowed Funds. The confirmation shall be in the form of the receipt attached to this Agreement as Attachment 1 and it shall be transmitted telephonically by facsimile to Escrowee at facsimile number: (000) 000-0000, attention Xxxxxxx Xxxxxxx; and to Escrowor at facsimile number: ( ), attention: Xxxxxx Xxxxxx.
Deposit of Escrowed Funds. On the date hereof and concurrently with the closing of the sale of the Notes, (x) the Initial Purchasers shall deposit, or direct the deposit of, at the direction of the Company and pursuant to the Purchase Agreement, the Net Offering Proceeds, (y) the Initial Purchasers shall deposit, or direct the deposit of, pursuant to the Purchase Agreement, the Initial Purchasers’ Discount, and (z) Frontier shall deposit, or direct the deposit of, the Additional Commitments, into the Escrow Account.
