Common use of Escrow Period Clause in Contracts

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, upon the earlier to occur of the following: a. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker instructed a partial or full closing on those funds.; or b. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker or any third-party, or be subject to any debts, liens or encumbrances of any kind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, be held in whole or in part, as applicablethe Escrow Account for the benefit of Subscribers, upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum Amount of the Offering that have cleared in the Escrow Account funds and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. c. The date upon which a determination is made by Issuer and/or their authorized representatives representatives, to terminate the Offering; or. c. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until such funds are cleared and the contingency has been satisfied by Issuer instructs the sale disbursement of the Minimum Amount of the Offering to such Subscribers in bona fide transactions that are fully paid and clearedfunds.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, terminate upon the earlier to occur of the following: a. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. 2. October 30, 2019 if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. 5. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, upon the earlier to occur of the following: a. The date upon which the Maximum Amount of the Offering is receivedany amount, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received any gross proceeds of the Maximum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Broker, the Selling Shareholders or any third-party, or be subject to any debts, liens or encumbrances of any kind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers in bona fide transactions that funds are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, terminate upon the earlier to occur of the following: a. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. 2. December 31, 2017 if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. 5. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, terminate in whole or in part, as applicable, part upon the earlier to occur of the following: a. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum Escrow Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker instructed a partial or full closing on those funds, provided, however, that the Escrow Amount does not exceed the Maximum Amount of the Offering.; or b. The date which is _____________________ from the date of qualification of the Offering by the Securities and Exchange Commission; or c. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds Escrow Amount will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into (iii) the Escrow Account Amount shall become the property of Issuer, Broker Issuer or any other third-party, or be subject to any debts, liens or encumbrances of any kind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, be held in whole or in part, as applicablethe Escrow Account for the benefit of Subscribers, upon the earlier to occur of the following: a. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Offering Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. [·] if the Minimum Amount of the Offering has not been reached; or c. The date upon which a determination is made by Issuer and/or their authorized representatives representatives, to terminate the Offering; or. c. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, terminate in whole or in part, as applicable, part upon the earlier to occur of the following: a. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum Escrow Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker instructed a partial or full closing on those funds, provided, however, that the Escrow Amount does not exceed the Maximum Amount of the Offering.; or b. The date which is three years and six months from the date of qualification of the Offering by the Securities and Exchange Commission; or c. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds Escrow Amount will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into (iii) the Escrow Account Amount shall become the property of Issuer, Broker Issuer or any other third-party, or be subject to any debts, liens or encumbrances of any kind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, be held in whole or in part, as applicablethe Escrow Account for the benefit of Subscribers, upon the earlier to occur of the following: a. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Offering Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. The date upon which a determination is made by Issuer and/or their authorized representatives representatives, to terminate the Offering; or. c. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, terminate upon the earlier to occur of the following: a. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. 2. _________if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, terminate upon the earlier to occur of the following: a. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. 2021 if the Minimum Amount of the Offering has not been reached; or c. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, terminate upon the earlier to occur of the following: a. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. if the Minimum Amount of the Offering has not been reached; or c. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate, in whole or in part, as applicable, terminate upon the earlier to occur of the following: a. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or b. 2. if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives to terminate the Offering; or c. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer nor the Broker are is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer, Broker Issuer or any third-partyother entity, or be subject to any debts, liens or encumbrances of any kindkind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such Subscribers investors in bona fide transactions that are fully paid and cleared.