Deposits to the Bank Account. 3.1 The Issuer shall, upon the closing of the Offering, deliver to the Escrow Agent, by wire transfer in accordance with the wire transfer instructions set forth on the Information Sheet, the Escrow Amount. Upon the Escrow Agent’s receipt of the Escrow Amount, it shall be credited to the Escrow Account. 3.2 Promptly after receiving the Escrow Amount as described in Section 3.1, the Escrow Agent shall deposit the same into the Bank Account. The Escrow Agent shall cause the Bank to process the Escrow Amount for collection through the banking system.
Appears in 4 contracts
Samples: Escrow Agreement (CDT Environmental Technology Investment Holdings LTD), Escrow Agreement (CDT Environmental Technology Investment Holdings LTD), Escrow Agreement (EZGO Technologies Ltd.)
Deposits to the Bank Account. 3.1 The Issuer shall, shall upon the closing execution of the Offering, this Agreement deliver to the Escrow Agent, by wire transfer in accordance with the wire transfer instructions set forth on the Information Sheet, the Escrow Amount. Upon the Escrow Agent’s receipt of the Escrow Amount, it shall be credited to the Escrow Account.
3.2 Promptly after receiving the Escrow Amount as described in Section 3.1, the Escrow Agent shall deposit the same into the Bank Account. The Escrow Agent shall cause the Bank to process the Escrow Amount for collection through the banking system.
Appears in 1 contract
Samples: Escrow Agreement (CLPS Inc)