Common use of Establishment of Escrow Account Clause in Contracts

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 58 contracts

Samples: Escrow Services Agreement (Cub Crafters, Inc.), Escrow Services Agreement (LQR House Inc.), Escrow Services Agreement (Oracle Health, Inc.)

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Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. For purposes of communications and directives, Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 39 contracts

Samples: Escrow Agreement (Puraverde Inc.), Escrow Agreement (Radar USA Inc.), Escrow Services Agreement (Aptera Motors Corp)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer Offering (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. For purposes of communications and directives, Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 12 contracts

Samples: Escrow Services Agreement (Careerlink Holdings, Inc), Escrow Services Agreement (GeoSolar Technologies, Inc.), Escrow Services Agreement (Rebrain.ai Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the "Escrow Account"). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. For purposes of communications and directives, Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 4 contracts

Samples: Escrow Services Agreement (RAD Diversified REIT, Inc.), Escrow Services Agreement (RAD Diversified REIT, Inc.), Escrow Services Agreement (RAD Diversified REIT, Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the "Escrow Account"). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 4 contracts

Samples: Escrow Services Agreement (Parallel Flight Technologies, Inc.), Escrow Services Agreement (Parallel Flight Technologies, Inc.), Escrow Services Agreement (Xcraft Enterprises, LLC)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account. 2.

Appears in 2 contracts

Samples: Escrow Services Agreement (Solutions Vending International, Inc.), Escrow Services Agreement (Solutions Vending International, Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an a second account for the Issuer (the “Escrow Account”)) solely for funds generated by subscribers initiated by Broker. All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 1 contract

Samples: Escrow Services Agreement (Brewdog Usa Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow AccountAccount ”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 1 contract

Samples: Escrow Services Agreement (Future Pearl Labs, Inc)

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Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber fundsfunds in USD, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties Escrow Agent shall only serve as escro agent for subscriptions to the Offering made in USD. Prime Trust agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. For purposes of communications and directives, Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 1 contract

Samples: Escrow Services Agreement (Blockstack Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”)) in accordance with the terms of the Offering. All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. For purposes of communications and directives, Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 1 contract

Samples: Escrow Services Agreement (Knightscope, Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 1 contract

Samples: Escrow Services Agreement (20/20 GeneSystems, Inc.)

Establishment of Escrow Account. Prior to the Issuer initiating conducting closings with Subscribers in connection with the OfferingOffering following the date hereof, and prior to the receipt of the first Subscriber fundsfunds following such date, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. For purposes of communications and directives, Escrow Agent shall be the sole administrator of the Escrow Account.

Appears in 1 contract

Samples: Escrow Services Agreement (Knightscope, Inc.)

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