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

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. 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, sale and deposited by Impoundment Agent in an escrow account. During the term of this Impoundment Agreement, the Issuer and Underwriter shall cause all checks received by it them 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. 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) before 12:00 noon on the second business days from day following the date of sale, subscription in accordance with Rule 15c2-4 under the Securities Exchange Act of 1934 and deposited by the 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. All proceeds received from the sale of the securities franchises 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, sale and deposited by Impoundment Agent in an escrow account. During the term of this Impoundment Agreement, the Issuer Franchisor shall cause all checks received by it in payment for such securities franchises to be either payable to the Impoundment Agent or endorsed forthwith to the Impoundment Agent.