Funding of Escrow Account. Pursuant to the terms of the Escrow Agreement, on the date hereof, the RDC is granting to the FDC and the FDC is depositing with the Escrow Agent, the sum of Five Hundred Sixty Thousand Dollars ($560,000). Upon receipt of such funds, the Escrow Agent shall deposit all of such funds in the Escrow Account.
Appears in 4 contracts
Samples: Economic Development Agreement, Escrow and Control Agreement, Escrow and Control Agreement
