Investment of Subscription Proceeds; Compensation of Escrow Agent. (a) The Escrow Agent shall deposit all Subscription Proceeds in non-interest bearing accounts unless otherwise directed in writing by the Company; and (b) The Company shall promptly pay to the Escrow Agent compensation, and reimburse the Escrow Agent for costs and expenses, including the Escrow Agent’s attorney’s fees, through the funds in the Company’s operating account held by Atlantic Capital Bank or another account designated by Company and acceptable to Escrow Agent.
Appears in 16 contracts
Samples: Subscription Escrow Agreement (Here Collection LLC), Subscription Escrow Agreement (Every Assets I, LLC), Subscription Escrow Agreement (Every Assets I, LLC)
Investment of Subscription Proceeds; Compensation of Escrow Agent. (a) The Escrow Agent shall deposit all Subscription Proceeds in non-interest bearing accounts unless otherwise directed in writing by the Company; and
(b) The Company shall promptly pay to the Escrow Agent compensation, and reimburse the Escrow Agent for costs and expenses, including the Escrow Agent’s attorney’s fees, through the funds in the Company’s operating account held by Atlantic Capital SouthState Bank or another account designated by Company and acceptable to Escrow Agent.
Appears in 1 contract
