PROCEEDS TO BE PLACED IN ESCROW. All proceeds received from the sale of the securities subject to this Impoundment Agreement on or after the date hereof shall be paid to the Impoundment Agent within two (2) business days from the date of sale, and deposited by Impoundment Agent in an escrow account. During the term of this Impoundment Agreement, the Issuer shall cause all checks received by it in payment for such securities to be either payable to the Impoundment Agent or endorsed forthwith to the Impoundment Agent.
PROCEEDS TO BE PLACED IN ESCROW. The Aggregate Purchaser Price shall be delivered to the Escrow Agent within one (1) business day following the Closing, and shall be retained in escrow by the Escrow Agent in an account which allows the Escrow Agent to individually account for funds received and any interest earned on such funds (the "Escrow Account").
PROCEEDS TO BE PLACED IN ESCROW. Upon the issuance of Subscription Receipts, the Proceeds in respect thereof shall be delivered by the Purchaser to the Subscription Receipt Agent by electronic transfer of funds into a segregated trust account as directed by the Subscription Receipt Agent to be held pursuant to the terms hereof. The Subscription Receipt Agent hereby agrees to hold the Escrowed Funds as agent on behalf of the Receiptholders and the Corporation and to invest, disburse and deal with the same as provided herein.
PROCEEDS TO BE PLACED IN ESCROW. All proceeds received by the Company or SHL from the sale of the Notes shall be promptly delivered to the Escrow Agent and deposited by the Escrow Agent into an interest bearing account (the “Deposited Funds”) by noon of the next business day after receipt by the Company or SHL. During the term of this Escrow Agreement, the Company and SHL shall cause all checks received by it or others arising from the sale of Notes to be made payable to “ Bank-PHB Escrow Account.” In addition, all proceeds received or to be received by the Company or Title upon release, satisfaction or payment of any collateral securing the Notes shall be promptly delivered to the Escrow Agent and deposited by the Escrow Agent upon receipt. Such funds shall be held as additional Deposited Funds and disbursed only as provided herein.
PROCEEDS TO BE PLACED IN ESCROW. All proceeds received by the Company constituting subscriptions for the Units shall be promptly delivered to the Escrow Agent and deposited by the Escrow Agent (the "Deposited Funds") in an interest bearing account (the "Escrow Account"). During the term of this Escrow Agreement, the Company shall cause all checks received by it or others with respect to the offering to be made payable to "XXXXX FARGO BANK IOWA AS ESCROW AGENT FOR -BADGER STATE ETHANOL, LLC ESCROW."
PROCEEDS TO BE PLACED IN ESCROW. The proceeds received by the Agent in subscription for the Securities (the “Subscription Proceeds”) on or after the date hereof and during the Term of Escrow (as defined herein), shall be promptly delivered to Escrow Agent and shall be deposited by Escrow Agent in an escrow account (hereinafter the “Escrow Account”) subject to the terms of this Agreement. All funds received by the Escrow Agent will be held in an interest bearing bank accounts. During the Term of Escrow, Agent shall cause all checks received as Subscription Proceeds for such Securities to be made payable, or immediately endorsed over, to the “OnPoint Medical Escrow.” To the extent subscriptions are to be paid with wire transfers, they shall be sent as follows: Bank: Private Bank Minnesota ABA #: 091 005 836 For Credit to: OnPoint Medical Escrow
PROCEEDS TO BE PLACED IN ESCROW. The Purchaser shall deliver to the Escrow Agent prior to 4:00 p.m. (C.S.T.) on Thursday, February 10, 2000, the sum of one hundred fifty-two thousand five hundred dollars and no cents ($152,500.00), representing the cash payable by the Purchaser to the Seller at the Closing (the "Escrowed Funds"). The Escrowed Funds shall remain the property of the Purchaser and shall not be subject to any liens or charges by the Escrow Agent or judgments or creditors' claims against the Purchaser until released as hereinafter provided.
PROCEEDS TO BE PLACED IN ESCROW. Upon the receipt and acceptance by the Company of duly completed subscriptions for Subscription Receipts, and upon the issuance of the Subscription Receipts, the Canadian Proceeds shall be delivered to the Subscription Receipt Agent and the U.S. Proceeds shall be delivered to the U.S. Escrow Agent, in each case to be held pursuant to the terms hereof. Each of the Subscription Receipt Agent and the U.S. Escrow Agent shall immediately place such funds in escrow to be held pursuant to the terms hereof. The Subscription Receipt Agent hereby agrees to hold the Canadian Proceeds, as escrow agent for and on behalf of the Company and the Canadian and non-U.S. Receiptholders and to release and deal with the Canadian Escrowed Funds, as provided herein. The U.S. Escrow Agent hereby agrees to hold the U.S. Proceeds, as trustee and agent for and on behalf of the Company and the U.S. Receiptholders and to release and deal with the U.S. Escrowed Funds, as provided herein.
PROCEEDS TO BE PLACED IN ESCROW. Upon the issuance of Subscription Receipts, including the issuance of Over-Allotment Subscription Receipts, the Proceeds in respect thereof shall be delivered by the Lead Underwriter, on behalf of the Underwriters, to the Subscription Receipt Agent by electronic transfer of funds into a segregated trust account as directed by the Subscription Receipt Agent to be held pursuant to the terms hereof. The Subscription Receipt Agent hereby agrees to hold the Escrowed Funds as agent on behalf of the Receiptholders and the Corporation and to invest, disburse and deal with the same as provided herein.
PROCEEDS TO BE PLACED IN ESCROW. (a) Upon the receipt and acceptance by the Company of duly completed subscriptions for Subscription Receipts, and upon the issuance of the Subscription Receipts, the Lead Agent, for and on behalf of the Agents shall deliver or cause to be delivered the Proceeds to the Receipt Agent, such payment to be made by bank draft or money order payable to the Receipt Agent or wire transfer to the account designated by the Receipt Agent. The Receipt Agent shall immediately place such funds in escrow to be held pursuant to the terms hereof.
(b) The Receipt Agent hereby agrees to hold the Escrowed Funds as agent for and on behalf of the Company and the Receiptholders and to release and deal with the Escrowed Funds as provided herein only.
(c) The Company represents to the Receipt Agent that any account to be opened by the Receipt Agent in connection with this Agreement, for or to the credit of the Company, is not intended to be used by or on behalf of a party other than the Company and the Receiptholders.
