Common use of Deposit of Escrowed Funds Clause in Contracts

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.

Appears in 3 contracts

Samples: Earnest Money Escrow Agreement (K Tel International Inc), Earnest Money Escrow Agreement (Platinum Entertainment Inc), Earnest Money Escrow Agreement (K Tel International Inc)

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Deposit of Escrowed Funds. On the date hereof, Buyer Purchaser shall, as partial payment of the Purchase Price, deliver to Escrow Agent for deposit in escrow pursuant to the provisions hereofof this Agreement, a wire transfer of immediately available funds in the amount of $1,750,000 250,000 (the "Escrowed Funds") into an interest bearing account).

Appears in 1 contract

Samples: Stock Purchase Agreement (Apogee Enterprises Inc)

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 1,000,000 (the "Escrowed Funds") into an interest bearing account.

Appears in 1 contract

Samples: Indemnification & Liability (K Tel International Inc)

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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 2,000,000 (the "Escrowed Funds") into an interest bearing account.

Appears in 1 contract

Samples: Indemnity Escrow Agreement (K Tel International Inc)

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