Common use of Escrow Account Statements and Information Clause in Contracts

Escrow Account Statements and Information. The Escrow Agent agrees to send to the General Partner and/or the Selling Agent a copy of the Escrow Account periodic statement, upon request in accordance with the Escrow Agent’s regular practices for providing account statements to its non-escrow clients, and to also provide the Partnership and/or Selling Agent, or their designee, upon request other deposit account information, including Escrow Account balances, by telephone or by computer communication, to the extent practicable. The General Partner and Selling Agent agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The General Partner and Selling Agent each consents to the Escrow Agent’s release of such Escrow Account information to any of the individuals designated by the General Partner or the Selling Agent, as applicable, which designation has been signed in accordance with Section 3(a) by any of the persons in Schedule II. Further, the General Partner and Selling Agent have an option to receive e-mail notification of incoming and outgoing wire transfers. If this e-mail notification service is requested and subsequently approved by the Escrow Agent, the General Partner and/or Selling Agent agrees to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The General Partner and Selling Agent each consents to the Escrow Agent’s release of wire transfer information to the designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information.

Appears in 3 contracts

Samples: Escrow Deposit Agreement (SQN Asset Income Fund V, L.P.), Escrow Deposit Agreement (SQN Asset Income Fund V, L.P.), Escrow Deposit Agreement (SQN Asset Income Fund V, L.P.)

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Escrow Account Statements and Information. The Escrow Agent agrees to send to the General Partner Company, DSGS and/or the Selling Placement Agent a copy of the Escrow Account periodic statement, upon request in accordance with the Escrow Agent’s regular practices for providing account statements to its non-escrow clients, clients and to also provide the Partnership Company, DSGS and/or Selling Placement Agent, or their designee, upon request other deposit account information, including Escrow Account balances, by telephone or by computer communication, to the extent practicable. The General Partner Company, DSGS and Selling Placement Agent agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The General Partner Company, DSGS and Selling Placement Agent each consents consent to the Escrow Agent’s release of such Escrow Account information to any of the individuals designated by the General Partner Company, DSGS or the Selling Placement Agent, as applicable, which designation has been signed in accordance with Section paragraph 3(a) by any of the persons in Schedule II. Further, the General Partner Company, DSGS and Selling Placement Agent have an option to receive e-mail notification of incoming and outgoing wire transfers. If this e-mail notification service is requested and subsequently approved by the Escrow Agent, the General Partner and/or Selling Company, DSGS and Placement Agent agrees agree to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The General Partner Company, DSGS and Selling Placement Agent each consents consent to the Escrow Agent’s release of wire transfer information to the designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information.

Appears in 1 contract

Samples: Escrow Deposit Agreement (Invivo Therapeutics Holdings Corp.)

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Escrow Account Statements and Information. The Escrow Agent agrees to send to the General Partner Company and/or the Selling Agent Placement Agent, at no cost to the Company and/or Placement Agent, a copy of the Escrow Account periodic statement, upon request in accordance with the Escrow Agent’s regular practices for providing account statements to its non-escrow clients, clients and to also provide the Partnership Company and/or Selling Placement Agent, or their designee, upon request other deposit account information, including Escrow Account balances, by telephone or by computer communication, to the extent practicable. The General Partner Company and Selling Placement Agent agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The General Partner Company and Selling Placement Agent each consents to the Escrow Agent’s release of such Escrow Account information to any of the individuals designated by the General Partner Company or the Selling Placement Agent, as applicable, which designation has been signed in accordance with Section paragraph 3(a) by any of the persons in Schedule II. Further, the General Partner Company and Selling Placement Agent have an option to receive e-mail notification of incoming and outgoing wire transfers. If this e-mail notification service is requested and subsequently approved by the Escrow Agent, the General Partner Company and/or Selling Placement Agent agrees to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The General Partner Company and Selling Placement Agent each consents to the Escrow Agent’s release of wire transfer information to the designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information.

Appears in 1 contract

Samples: Escrow Deposit Agreement (Lilis Energy, Inc.)

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