Common use of Deposit of Escrowed Property Clause in Contracts

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 Sales Placement Agent, on behalf of the subscribers of for the Shares, shall from -------------------------------------- time to time 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 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 "Escrow Escrowed Property"). Any checks, 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 Fund Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. The Sales Placement Agent, on behalf of ---------------------------- the subscribers of for the Shares, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following the date of receipt by the Placement Agent, cause to be wired to or deposited with 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 "Escrow Escrowed Property"). Any checks, checks delivered to the Escrow Agent pursuant to the terms hereof shall be endorsed made payable 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 Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, the Escrow Agent shall credit such funds and the amount of such checks to a non-an 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. The Sales Placement Agent, on behalf of the ---------------------------- subscribers of for the Shares, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following the date of receipt by the Placement Agent, cause to be wired to or deposited with 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 "Escrow Escrowed Property"). Any checks, 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 Fund Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, the Escrow Agent shall credit such funds and the amount of such checks to a non-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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. The Sales AgentUnderwriter, on behalf of the ----------------------------- subscribers of Shares, and/or such subscribers 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 Escrowed Property"). Any checks, 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. "U.S. Trust Company of New York as escrow agent for SIGA Pharmaceuticals, Inc." 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 Company in the same manner as notices are delivered pursuant to Section 64. Upon receipt of such funds or checks for the purchase of Shares by subscriberschecks, the Escrow Agent shall credit such funds and the amount of such checks to a non-an interest-bearing account (the "Escrow Account") held by the Escrow Agent. If If, following the credit of the amount of any check to the Escrow Account Account, such check is dishonored, the Escrow agent shall, if such dishonored check amount Agent 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 amountcheck.

Deposit of Escrowed Property. The Sales Placement Agent, on behalf of the subscribers of for the Shares, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following the date of receipt by the Placement Agent, cause to be wired to or deposited with 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 "Escrow Escrowed Property"). Any checks, 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 Fund Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, the Escrow Agent shall credit such funds and the amount of such checks to a non-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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. The Sales Selling Agent, on behalf of the subscribers of Sharesthe Notes, shall from -------------------------------------- time to time time, cause to be wired to or deposited with the Escrow Agent funds or checks of the subscribers delivered in payment for Shares the Notes (the "Escrow Escrowed Property"). Any checks, checks delivered to the Escrow Agent pursuant to the terms hereof shall be made payable to or endorsed to the order of ____________________________________________________. Subject to Section 3, 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 Company in the same manner notices are delivered pursuant to Section 65. Upon receipt of funds or checks for from the purchase of Shares by subscribersSelling Agent, the Escrow Agent shall credit such funds and the amount of such checks to a non-an 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 Agent 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 amountcheck.

Deposit of Escrowed Property. The Sales Each Placement Agent, on behalf of the subscribers of Sharesfor the Shares solicited by such Placement Agent, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following receipt by such Placement Agent, cause to be wired to or deposited with with, or, cause such subscribers for the Shares to wire or deposit with, the Escrow Agent funds or checks of the subscribers delivered in payment for the Shares (the "Escrow Escrowed Property"). Any checks, 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 Fund Placement Agent who solicited the subscriber issuing such check, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agents, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. The Sales Selling Agent, on behalf of the subscribers of Sharesthe Notes, shall from -------------------------------------- time to time time, cause to be wired to or deposited with the Escrow Agent funds or checks of the subscribers delivered in payment for Shares the Notes (the "Escrow Escrowed Property"). Any checks, checks delivered to the Escrow Agent pursuant to the terms hereof shall be made payable to or endorsed to the order of Greater Bay Trust/Sentinel Escrow. Subject to Section 3, 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 Company in the same manner notices are delivered pursuant to Section 65. Upon receipt of funds or checks for from the purchase of Shares by subscribersSelling Agent, the Escrow Agent shall credit such funds and the amount of such checks to a non-an 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 Agent 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 amountcheck.

Deposit of Escrowed Property. The Sales Placement Agent, on behalf of the subscribers of for the Shares, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following the date of receipt by the Placement Agent, cause to be wired to or deposited with 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 "Escrow Escrowed Property"). Any checks, 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-drawee- bank thereunder after the first presentment for payment shall be returned to the Fund Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. 3.

Deposit of Escrowed Property. The Sales Placement Agent, on behalf of the subscribers of for the Shares, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following the date of receipt by the Placement Agent, cause to be wired to or deposited with 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 "Escrow Escrowed Property"). Any checks, 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 Fund Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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 amountcheck.

Deposit of Escrowed Property. The Sales Placement Agent, on behalf of the subscribers of for the Shares, shall from -------------------------------------- time to time 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 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 the Shares (the "Escrow Escrowed Property"). Any checks, 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 Fund Placement Agent, on behalf of such subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agent, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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. The Sales Agent, on behalf of the subscribers of Shares, shall from -------------------------------------- time to time cause All funds to be wired to or deposited with the Escrow Agent funds or checks of the subscribers delivered in payment for the Shares (the "Escrow Escrowed Property") shall be wired to, or deposited with, the Escrow Agent on or prior to the Closing Date (as hereinafter defined). Any checks, checks delivered to the Escrow Agent pursuant to the terms hereof shall be made payable to or endorsed to the order of the "Chase Manhattan Bank-Escrow Agent. ." The Escrow Agent upon receipt of such checks shall present such checks for payment to the drawee-bank under such checks. The Escrow Agent shall not be required to accept any amounts representing payments for the Shares, whether by check or by wire transfer, except during the Escrow Agent's regular banking hours. Any checks not honored by the drawee-bank thereunder after the first presentment for payment shall be returned to the Fund Placement Agent in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for the purchase of Shares by subscribersfunds, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among amount such investments and debit the Escrow Account for the amount of such 2 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 Sales AgentPlacement Agents, on behalf of the subscribers of Sharesfor Securities, shall from -------------------------------------- time to time time, but in no event later than 12:00 noon on the date following the date of receipt by the Placement Agents, cause to be wired to or deposited with with, or cause the subscribers for the Securities to wire to or deposit with, the Escrow Agent funds or checks of the subscribers delivered in payment for Shares Securities (the "Escrow Escrowed Property"). Any checks, checks delivered to the Escrow Agent pursuant to the terms hereof shall be made payable to or endorsed to the order of the Escrow AgentAgent for the account of the Company. 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 Placement Agent, on behalf of the subscriber, in the same manner notices are delivered pursuant to Section 6. Upon receipt of funds or checks for from the purchase of Shares by subscribersPlacement Agents, 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 shallAgent, if such dishonored check amount shall have been invested pursuant to Section 3, shall liquidate to the extent of such dishonored check among 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.