Common use of FUNDS TO BE PLACED IN ESCROW Clause in Contracts

FUNDS TO BE PLACED IN ESCROW. All Escrow Funds to be received by the Company shall be paid to the Escrow Agent who shall maintain the Escrow Funds, without any interest thereon, in a separate and distinct escrow account.

Appears in 4 contracts

Samples: Proceeds Escrow Agreement (LDG Inc), Proceeds Escrow Agreement (Dundee Mining Inc), Escrow Agreement (Highland Clan Creations Corp)

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FUNDS TO BE PLACED IN ESCROW. All Escrow Funds to be received by the Company shall be paid to the Escrow Agent who shall maintain the Escrow Funds, without any interest thereon, in a separate and distinct escrow account.

Appears in 2 contracts

Samples: Proceeds Escrow Agreement (Medusa Style Corp), Proceeds Escrow Agreement (Torch Executive Services LTD)

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FUNDS TO BE PLACED IN ESCROW. All Escrow Funds to be received by the Company shall be paid to the Escrow Agent who shall maintain the Escrow Funds, without any interest thereon, in a separate and distinct an escrow account.

Appears in 2 contracts

Samples: Proceeds Escrow Agreement (Metalex Resources Inc), Proceeds Escrow Agreement (Metalex Resources Inc)

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