Escrow Deposit. Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.
Escrow Deposit. Upon the Effective Date, the Company may accept subscriptions for its shares of common stock from qualified investors. The Company and the subscription agreement that it provides to prospective investors shall instruct all subscribers (each a “Subscriber”) to make their checks, bank drafts or money orders for the purchase of such shares payable to the Escrow Agent in trust and to deliver such payment, along with an executed subscription agreement to the Escrow Agent. The Escrow Agent shall deposit all subscription funds received into a non-interest bearing attorney’s trust account in accordance with the requirements of the Florida Bar.
Escrow Deposit. An escrow deposit of Ten Percent (10%) of the total contract purchase price (which includes the buyer’s premium) will be wire transferred or hand delivered in the form of certified funds to the Title Company no later than 48 hours following the close of auction. See closing agents contact information below. The balance of the purchase price will be due in full at closing.
Escrow Deposit. By virtue of this Agreement and as partial security for any adjustments to the Closing Cash Consideration pursuant to Section 1.7 and Section 8.2(a)(iv), Parent shall withhold from the consideration payable to each Member at Closing pursuant to Section 1.1(b)(i)(B) an amount of cash equal to such Member’s Pro Rata Ordinary Payment Portion of the Adjustment Escrow Amount and deposit such amount with the Escrow Agent (such total aggregate amount and all interest earned thereon, the “Adjustment Escrow Fund”). By virtue of this Agreement and as partial security for the indemnity obligations provided in Article VIII, Parent shall withhold from the consideration payable to each Member at Closing pursuant to Section 1.1(b)(i)(B) an amount of cash equal to such Member’s Pro Rata Ordinary Payment Portion of the Indemnification Escrow Amount and shall deposit such amount with the Escrow Agent (such total aggregate amount and all interest earned thereon, the “Indemnity Escrow Fund”). The Adjustment Escrow Fund and the Indemnity Escrow Fund, together, are referred to herein as the “Escrow Fund.” The right of each Member to receive the portion of the Escrow Fund deposited with the Escrow Agent shall be subject to the terms of (and, if applicable, shall be reduced as provided in) this Agreement. Distributions of any cash from the Escrow Fund shall be governed by the terms of the Escrow Agreement, Section 1.7(f)(ii) and Section 8.4(h). The Escrow Agreement shall provide that any amount remaining in the Adjustment Escrow Fund after the final determination of the Closing Net Working Capital Amount in accordance with terms of Section 1.7 and the final resolution of any claims under Section 8.2(a)(iv) that have been made prior to the final resolution of the Closing Net Working Capital Amount shall be distributed to the Members in accordance with their Pro Rata Ordinary Payment Portions. The adoption of this Agreement and the approval of the Transaction shall constitute approval of all the arrangements relating to the Escrow Fund, including, without limitation, the appointment of the Member Representative. (h)
Escrow Deposit. Buyer has deposited with the Escrow Agent the sum of $225,000 in accordance with the Escrow Agreement. All such funds deposited with the Escrow Agent shall be held and disbursed in accordance with the terms of the Escrow Agreement and the following provisions:
Escrow Deposit. Within three (3) business days after the full execution and delivery of this Agreement, Buyer shall deliver Six Million Five Hundred Thousand Dollars ($6,500,000) (the “Deposit”) to First American Title Insurance Company, at its offices at 0000 X. Xxxxx Xxxxxx, Xxx Xxxx, Xxxxxxxxxx, Attention: Xxxx Xxxxx, which company, in its capacity as escrow holder hereunder, is called “Escrow Agent”. The Deposit, together with all interest earned thereon, is referred to herein as the “Escrow Deposit”. If, pursuant to Section 5 below, Seller elects to convey portions of the Property to Buyer in more than one conveyance, then One Million Five Hundred Thousand Dollars ($1,500,000) of the Escrow Deposit shall be applied towards the Installment Purchase Price of the first closing of any such portion and the remainder of the Escrow Deposit shall be applied to the Installment Purchase Price of the final closing, upon which Buyer shall have acquired all of the Property (the “Final Closing”). The Escrow Deposit shall be delivered to Escrow Agent by wire transfer of immediately available federal funds or by bank or cashier’s check drawn on a national bank reasonably satisfactory to Seller. Such amount shall be held by Escrow Agent as a deposit against the Purchase Price or Installment Purchase Price in accordance with the terms and provisions of this Agreement. If Buyer delivers the “Go Hard Notice” (as defined below), prior to the expiration of the “Due Diligence Period” (as defined below), then the Escrow Deposit shall be non-refundable to Buyer, except as expressly provided in this Agreement. Upon delivery of the Go Hard Notice, a memorandum of this Agreement, in the form attached hereto as Exhibit “C”, shall be recorded by Seller and Buyer in the official records of the County. At all times that the Deposit is being held by Escrow Agent, the Deposit shall be invested by Escrow Agent in the following investments (“Approved Investments”): (i) United States Treasury obligations, (ii) United States Treasury-backed repurchase agreements issued by a major money center banking institution reasonably acceptable to Seller and Buyer, (iii) the Bank of America money market fund that invests in U.S. Treasury securities known as “Nations Treasury Reserves - Daily Shares (symbol NTRDX)”, or (iv) such other manner as may be reasonably agreed to by Seller and Buyer. The Escrow Deposit shall be disposed of by Escrow Agent only as provided in this Agreement.
Escrow Deposit. Concurrently with the execution and delivery of this Agreement, the Holder will deliver the sum of ____________________ Dollars ($_____________) (the "Escrow Deposit") in lawful money of the United States of America by wire transfer of immediately available funds to Escrow Agent, to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit.
Escrow Deposit. Contemporaneously with the execution of this Agreement, Purchaser has delivered to the Escrow Agent the Signing Deposit and Seller has delivered to the Escrow Agent the Binder (collectively, the "Escrow Deposit") to be held by the Escrow Agent pursuant to the Escrow Agreement.
Escrow Deposit. (i) At the Effective Time of the Merger, Parent will cause to be delivered to the law offices of Xxxxxx X. Xxxx, as escrow agent (the "Escrow Agent") the Merger Consideration Escrow Deposit and the Parent Escrow Deposit to be held pursuant to the Escrow Agreement attached thereto as Exhibit A (The "Escrow Agreement").
Escrow Deposit. Buyer has deposited with the Escrow Agent the sum of One Million Dollars ($1,000,000) (the "Deposit"). All such funds deposited with the Escrow Agent shall be held and disbursed in accordance with the terms of the Escrow Agreement and the following provisions:
