Deposit of Escrowed Property. The Sales Agent, on behalf of the subscribers of Shares, shall from -------------------------------------- time to time cause to be wired to or deposited with the Escrow Agent funds or checks of the subscribers delivered in payment for Shares (the "Escrow Property"). Any checks, delivered to the Escrow Agent pursuant to the terms hereof shall be endorsed to the order of the Escrow Agent. The Escrow Agent upon receipt of such checks shall present such checks for payment to the drawee-bank under such checks. Any checks not honored by the drawee-bank thereunder after the first presentment for payment shall be returned to the Fund in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for the purchase of Shares by subscribers, the Escrow Agent shall credit such funds and the amount of such checks to a non-interest-bearing account (the "Escrow Account") held by the Escrow Agent. If following the credit of the amount of any check to the Escrow Account such check is dishonored, the Escrow agent shall, if such dishonored check amount shall have been invested pursuant to Section 3, liquidate to the extent of such dishonored check among such investments and debit the Escrow Account for the amount of such dishonored check plus, if any, the amount of interest and other income earned with respect to any investment of such dishonored check amount.
Deposit of Escrowed Property. The Placement Agent, on behalf of the subscribers for the Shares, shall from time to time, but in no event later than 12:00 noon on the date following receipt by the Placement Agent, cause to be wired to or deposited with, or, cause the subscribers for the Shares to wire or deposit with, the Escrow Agent funds or checks of the subscribers delivered in payment for Shares (the "Escrowed Property"). [Such Escrowed Property shall be wired to or deposited with the Escrow Agent not later than 12:00 noon on the date following the date on which it is received by the Placement Agent.] Any checks delivered to the Escrow Agent pursuant to the terms hereof shall be made payable to or endorsed to the order of the Escrow Agent. The Escrow Agent upon receipt of such checks shall present such checks for payment to the drawee-bank under such checks. Any checks not honored by the drawee-bank thereunder after the first presentment for payment shall be returned to the Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks from the Placement Agent, the Escrow Agent shall credit such funds and the amount of such checks to a non-interest-bearing account 2 (the "Escrow Account") held by the Escrow Agent. If following the credit of the amount of any check to the Escrow Account such check is dishonored, the Escrow Agent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check amount such investments and debit the Escrow Account for the amount of such dishonored check plus, if any, the amount of interest and other income earned with respect to any investment of such dishonored check amount.
Deposit of Escrowed Property. (a) During the term of this Agreement, the Escrow Agent is hereby directed to deposit the Escrowed Property and any interest or income earned thereon in the BT Institutional Cash Management Fund.
Deposit of Escrowed Property. As soon as reasonably practicable following the Closing Date (as defined in the Purchase Agreement), FGC shall, as set forth in Section 1.02, deposit with the Escrow Agent 3,500 shares of FGC Common Stock.
Deposit of Escrowed Property. The Placement Agent shall from time to time cause to be wired to or deposited with the Escrow Agent funds or checks of the subscribers delivered in payment for Shares (the "Escrowed Property"). Such Escrowed Property shall be wired to or deposited with the Escrow Agent not later than 12:00 noon on the date following the date on which it is received by the Placement Agent. Any wire transfers sent and any checks delivered to the Escrow Agent shall be made in accordance with the instructions set forth in Exhibit A attached hereto. Any checks delivered to the Escrow Agent pursuant to the terms hereof shall be made payable to or endorsed to the order of U.S.
Deposit of Escrowed Property. Upon the Closing, SciClone shall deliver the Initial Cash Payment to the Escrow Agent by wire transfer to the Escrow Agent in immediately available funds. Upon receipt of the Initial Cash Payment from SciClone, the Escrow Agent shall credit such funds (the “Escrow Funds”) to an interest-bearing account (the “Escrow Account”) held by the Escrow Agent.
Deposit of Escrowed Property. On the Closing Date, each of the Stockholders shall deliver or cause to be delivered to the Escrow Agent certificates representing the number of Remaining Shares set forth opposite such Stockholder's name on Exhibit 1, together with signed stock powers and any other instruments executed in blank necessary to permit the Escrow Agent to effect the delivery, transfer and registration of the Remaining Shares in accordance with the terms of this Agreement. If prior to Escrow Break Date the Company effects any split, combination or reclassification of its Voting Common Stock or declares or pays any dividend or other distribution payable to the holders of its Voting Common Stock in additional shares of Common Stock, other securities or other property other than cash dividends ("Non-Cash Distributions"), then the Stockholders shall promptly deliver any such Non-Cash Distributions to the Escrow Agent and the Escrow Agent shall hold, deliver and transfer any such Non-Cash Distributions in accordance with the terms of this Agreement. The Remaining Shares together with any such Non-Cash Distributions are hereinafter referred to as the "Escrowed Property".
Deposit of Escrowed Property. (a) The Company and the Placement Agents shall instruct Investors to direct any amounts wired in payment for Shares to the Escrow Agent for deposit into the Escrow Account, in accordance with the wire instructions provided for the Escrow Agent in Section 7 hereof. Upon receipt thereof, the Escrow Agent shall credit such funds to the Escrow Account. During any period prior to the closing of the Offering, the Company is aware and understands that it is not entitled to the assets held in the Escrow Account (the “Escrow Property”) and no Escrow Property shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity, until properly released by the Escrow Agent to the Company in accordance with this Agreement. All proceeds so deposited shall remain the property of the Investors and shall not be subject to any liens or charges by the Company, the Placement Agents or the Escrow Agent until properly released by the Escrow Agent to the Company and Xxxxxxx Xxxxxxxx in accordance with this Agreement.
Deposit of Escrowed Property. (a) On the date hereof, the Purchasers shall deposit with the Escrow Agent a stock certificate or stock certificates representing 29,414,732 shares of Common Stock of the Company, duly endorsed in blank or accompanied with stock powers duly endorsed in blank. Until delivered out of escrow, each of the Purchasers shall retain its respective right to vote its Acquisition Shares and to any dividend rights related thereto.
Deposit of Escrowed Property. Subscribers for the Securities shall from time to time wire to the Escrow Agent funds in payment for the Securities (the “Escrowed Property”) ina ccordance with the escrow wire instructions annexed hereto as Exhibit A. Upon receipt of funds from Subscribers, the Escrow Agent shall credit such funds to a non-interest-bearing account (the “Escrow Account”) held by the Escrow Agent at Credit Suisse, Lausanne, Switzerland.
