Common use of Escrow of Funds Clause in Contracts

Escrow of Funds. On or prior to the Closing Date, the following shall occur: the Purchasers shall remit by wire transfer $395,000 of the Purchase Price to the Escrow Agent pursuant to this Escrow Agreement (the “Escrow Amount”). The Escrow Agent shall hold the Escrow Amount only in accordance with the terms and conditions of this Escrow Agreement.

Appears in 4 contracts

Samples: Escrow Agreement (IGIA, Inc.), Escrow Agreement (IGIA, Inc.), Escrow Agreement (IGIA, Inc.)

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Escrow of Funds. On or prior to the Closing Date, the following shall occur: the Purchasers shall remit by wire transfer $395,000 500,000 of the Purchase Price to the Escrow Agent pursuant to this Escrow Agreement (the "Escrow Amount"). The Escrow Agent shall hold the Escrow Amount only in accordance with the terms and conditions of this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Advanced BioPhotonics Inc.)

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Escrow of Funds. On or prior to the Closing DateDate (as defined in the Purchase Agreement), the following shall occur: the Purchasers shall remit by wire transfer of $395,000 of the Purchase Price 3,008,431.06 to the Escrow Agent pursuant to this Escrow Agreement as payment in full for the Notes and the Warrants (the "Escrow Amount"). The Escrow Agent shall hold the Escrow Amount only in accordance with the terms and conditions of this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Digital Descriptor Systems Inc)

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