Common use of Escrow Arrangements; Form of Payment Clause in Contracts

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank as escrow agent (the “Escrow Agent”), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) the Company shall deliver to the Buyer(s), the Convertible Note, duly executed on behalf of the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cambridge Holdings LTD), Securities Purchase Agreement (UFood Restaurant Group, Inc.)

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Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Gottbetter & Partners, LLP as escrow agent (the "Escrow Agent"), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes Debentures to be issued and sold to the Buyer(s) on such Closing Date), and (ii) the Company shall deliver to the Buyer(s), the Convertible NoteDebenture, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Foothills Resources Inc)

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer Buyers and pending the a Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Gottbetter & Partners, LLP as escrow agent Agent (the “Escrow Agent”), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the applicable Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) Buyer on such Closing Date, and (ii) the Company shall deliver to the Buyer(s)Buyer, the Convertible Note, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (George Foreman Enterprises Inc)

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Gottbetter & Partners, LLP, as escrow agent (the “Escrow Agent”), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) the Company shall deliver to the Buyer(s), the Convertible Note, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Max Cash Media Inc)

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank CKR Law LLP, as escrow agent (the "Escrow Agent"), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, Agreement (i) on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) promptly after the Closing Date, the Company shall deliver to the Buyer(s), the Convertible NoteNotes, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cur Media, Inc.)

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Citibank, N.A. on behalf of Gottbetter & Partners, LLP, as escrow agent (the “Escrow Agent”), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) the Company shall deliver to the Buyer(s), the Convertible Note, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nevada Gold Holdings, Inc.)

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Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Ofsink, LLC, as escrow agent (the “Escrow Agent”), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) the Company shall shall, as soon thereafter as is practicable, deliver to the Buyer(s), the Convertible NoteNote and the Warrant, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Thompson Designs Inc)

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Gottbetter & Partners, LLP as escrow agent (the “Escrow Agent”), pursuant to the terms of the Escrow Article 8 of this Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes Debentures to be issued and sold to the Buyer(s) on such Closing Date), and (ii) the Company shall deliver to the Buyer(s), the Convertible NoteDebenture, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cromwell Uranium Corp.)

Escrow Arrangements; Form of Payment. Upon execution hereof by the Buyer and pending the Closing, the Purchase Price shall be deposited in a non-interest bearing escrow account with Signature Bank Gottbetter & Partners, LLP, as escrow agent (the “Escrow Agent”), pursuant to the terms of the Escrow Agreement. Subject to the satisfaction of the terms and conditions of this Agreement, Agreement (i) on the Closing Date, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement the Purchase Price for the Convertible Notes to be issued and sold to the Buyer(s) on such Closing Date, and (ii) promptly after the Closing Date, the Company shall deliver to the Buyer(s), the Convertible NoteNotes, duly executed on behalf of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Placer Del Mar, Ltd.)

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