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 $_____________, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December 31, 2010; or (c) the date on which the Underwriter and the Company notify the Escrow Agent in writing that the Offering has been terminated. 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

Sources: Escrow Agreement (Qingdao Footwear, Inc.), Escrow Agreement (Qingdao Footwear, 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 $_____________7,200,000, representing the funds necessary to purchase the Shares (the “MaximumInvestment Amount”); (b) December 31September 30, 20102008; 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. 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

Sources: Escrow Agreement (Pansoft CO LTD), Escrow Agreement (Pansoft CO 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 $_____________15,000,000, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December 31, 2010; 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. 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

Sources: Escrow Agreement (Tibet Pharmaceuticals, 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 $_____________$ , representing the funds necessary to purchase the Shares (the “MaximumInvestment Amount”); (b) December 31, 2010; 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. 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

Sources: Escrow Agreement (Dehaier Medical Systems 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 $_____________12,000,000, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December 31March 7, 20102011; 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. 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

Sources: Escrow Agreement (Tai Shan Communications, 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 to the Company and the Placement Agent that it the Escrow Agent has received in the Escrow Account gross proceeds of $_____________$ , representing the funds necessary to purchase the Shares (the “MaximumInvestment Amount”); (b) December 31, 20102015; 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. 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

Sources: Escrow Agreement (China Customer Relations Centers, 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 The date on upon which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $_____________, representing the 25,000,000 in deposited funds necessary to purchase the Shares (the "Maximum Offering Amount") (MaximumContingency”);; or (b) December 31, 2010The expiration of 365 days from the date of commencement of the Offering; or (c) The date upon which a determination is made by the date on which Company and the Underwriter and to terminate the Company notify the Escrow Agent in writing that the Offering has been terminatedOffering. 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

Sources: Escrow Agreement (TerraCycle US 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 $_____________15,000,000, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December 31November 22, 2010; 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. 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

Sources: Escrow Agreement (Tibet Pharmaceuticals, 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 $_____________15,000,000, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December 31November 30, 2010; 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. 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

Sources: Escrow Agreement (Tibet Pharmaceuticals, 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 $_____________12,000,000, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December 31, 2010; 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. 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

Sources: Escrow Agreement (Tai Shan Communications, 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 $_____________15,000,000, representing the funds necessary to purchase the Shares (the “Maximum”); (b) December January 31, 20102011; 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. 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

Sources: Escrow Agreement (Tibet Pharmaceuticals, Inc.)