Common use of Escrow Period Clause in Contracts

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 (the “Maximum”); (b) December 31, 2005; or (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 2 contracts

Samples: Escrow Agreement (Supertel Hospitality Inc), Escrow Agreement (Supertel Hospitality Inc)

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Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms to the Company and IAA that it has received in the Escrow Account gross proceeds of $25,000,000 (the “Maximum”)20,000,000 in Offering Proceeds; (b) December 31November 14, 20052015; or (c) the date on which the Underwriter IAA and the Company notify the Escrow Agent in writing that the Offering has been terminated in writingterminated. During the Escrow Period, the The Company is aware and understands that that, during the Escrow Period, it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, entity or be subject to the debts of the Company or any other entity.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement (Lm Funding America, Inc.)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds for the sale of $25,000,000 (the “Maximum”)1,500,000 Shares; (b) December 31April 30, 20052011; or (c) the date on which the Underwriter Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated in writingterminated. During the Escrow Period, the The Company is aware and understands that that, during the Escrow Period, it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, entity or be subject to the debts of the Company or any other entity.

Appears in 2 contracts

Samples: Escrow Agreement, Escrow Agreement (Homeowners Choice, Inc.)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 9,000,000 (the “Maximum”); (b) December May 31, 2005; or2006; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 2 contracts

Samples: Escrow Agreement (eFuture Information Technology Inc.), Escrow Agreement (eFuture Information Technology Inc.)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 9,000,000 (the “Maximum”); (b) December October 31, 2005; or; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 2 contracts

Samples: Escrow Agreement (eFuture Information Technology Inc.), Escrow Agreement (eFuture Information Technology Inc.)

Escrow Period. The escrow period (the "Escrow Period") shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 101,250,000 (the "Maximum”)") plus any exercise of the Overallotment Option; (b) December 31, 2005; or; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (China Hospitals Inc)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 9,000,000 (the “Maximum”); (b) December 31September , 2005; or2006; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (eFuture Information Technology Inc.)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds for the sale of $25,000,000 (the “Maximum”); Units; [NOTE: Insert maximum amount] (b) December 31, 20052014; or (c) the date on which the Underwriter Sales Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated in writingterminated. During the Escrow Period, the The Company is aware and understands that that, during the Escrow Period, it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, entity or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (OXBRIDGE RE HOLDINGS LTD)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 8,750,000 (the “Maximum”); (b) December 31June 1, 2005; or2008; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Sino-Global Shipping America, Ltd.)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds for the sale of $25,000,000 (the “Maximum”)1,666,668 Units; (b) December 31September 30, 20052008; or (c) the date on which the Underwriter Placement Agent and the Company notify the Escrow Agent that the Offering offering has been terminated in writing. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Homeowners Choice, Inc.)

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Escrow Period. The escrow period (the "Escrow Period") shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 16,000,002 (the “Maximum”"Minimum"); (b) December 31, 20051998; or (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writingterminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Hersha Hospitality Trust)

Escrow Period. The escrow period (the "Escrow Period") shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 6,090,000 (the “Maximum”"Minimum"); (b) December 31November 21, 2005; or1997; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writingterminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Commonwealth Biotechnologies Inc)

Escrow Period. The escrow period (the “Escrow Period”) Period shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the A. The date on upon which the Escrow Agent confirms to the Company as hereinafter provided that it has received in the Escrow Account gross proceeds of $25,000,000 3,000,000 in deposited funds (the “Maximum”"Minimum"); (b) December 31, 2005; or (c) the B. September 30, 2002; or C. The date on upon which the Underwriter and a determination is made by the Company notify to terminate the Escrow Agent that offering prior to the Offering has been terminated in writingsale of the Minimum. During the Escrow Periodescrow period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Abacus Research & Development Inc)

Escrow Period. The escrow period (the "Escrow Period") shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $25,000,000 5,004,000 (the “Maximum”"Minimum"); (b) December 31November 21, 2005; or1997; (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writingterminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Commonwealth Biotechnologies Inc)

Escrow Period. (a) The escrow period (the "Escrow Period") shall begin with on the commencement of date that is three business days after the Offering Election Deadline. (b) Unless earlier terminated by the Company and the Purchasers in writing, the Escrow Period shall terminate upon the earlier earliest to occur of the following datesof: (ai) The opening of business on the date on which Closing Date of the Escrow Agent confirms that it has received Acquisition, (ii) The termination of the Standby Agreements in the Escrow Account gross proceeds of $25,000,000 accordance with Section 8 thereof, or (the “Maximum”); (biii) December 31February 28, 2005; or (c) the date on which the Underwriter and the Company notify the Escrow Agent that the Offering has been terminated in writing1997. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow in the Escrow Account and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Standby Stock Purchase Agreement (Western Bancorp)

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds for the sale of $25,000,000 (the “Maximum”)3,000,000 Shares; (b) December 3122, 20052012; or (c) the date on which the Underwriter Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated in writingterminated. During the Escrow Period, the The Company is aware and understands that that, during the Escrow Period, it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, entity or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Wheeler Real Estate Investment Trust, Inc.)

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