Receipt of Escrow Funds. Escrow Agent shall have no obligation to accept the Company's delivery of any Escrow Funds unless and until the Company has delivered to Escrow Agent written notice under Section 5.1 that the Registration Statement has been declared effective. If any check or wire transfer for any Escrow Funds does not clear normal banking channels in due course, Escrow Agent will promptly notify the Company and return such check to the Company or cancel such wire transfer.
Receipt of Escrow Funds. Escrow Agent shall receive funds via bank draft, cashier’s check or wire transfer (the “Escrow Funds”) from time to time from Philadelphia Brokerage Corporation (“PBC”) on behalf of Customer or directly from subscribers for Customer’s shares, in each instance in connection with that certain offering of up to 5,000,000 shares of Customer’s common stock as set forth in that certain Registration Statement on Form SB-2, as filed with the Securities and Exchange Commission on September 25, 2003, as the same may be amended from time to time (SEC File No. 333-109115).
Receipt of Escrow Funds. By its signature below, the Escrow Agent hereby acknowledges its receipt by wire transfer of funds in the amount of the Escrow Funds to a separate, segregated escrow account established by the Escrow Agent and maintained by it at its office referred to in Section 10 below (the “Escrow Account”). The Escrow Funds shall be held by the Escrow Agent for the benefit of Purchaser and Seller pursuant to this Agreement.
Receipt of Escrow Funds. Escrow Agent shall receive funds via bank draft, cashier's check or wire transfer (the "Escrow Funds") from time to time from subscribers for Customer"s shares, in each instance in connection with that certain offering of up to shares of Customer's common stock as set forth in that certain Registration Statement on Form SB-2, as filed with the Securities and Exchange Commission on ____________, as the same may be amended from time to time (SEC File No. 333-104131).
Receipt of Escrow Funds. (a) Upon execution of this Escrow Agreement and upon the Closing of the Offering, the Company shall cause to be deposited $3,000,000 into a United States Dollar denominated account (the “Escrow Account”) established by the Escrow Agent. The Escrow Account is set forth below: Bank: City National Bank Address: 000 Xxxx Xxxxxx, 0xx Xxxxx New York, NY 10022 ABA# 026 013 958 Swift Code: XXXXXX0X Account Title: Ortoli Rosenstadt LLP Account No.: 682 022 779
Receipt of Escrow Funds. If the closing hereunder shall have occurred and the Company has not received from the Escrow Agent the Escrow Funds (as defined in the Joint Escrow Instructions) within three business days after the Closing Date, the Company shall have the right, exercisable by written notice
Receipt of Escrow Funds. Persons subscribing to purchase Shares will be instructed to remit funds ("Escrow Funds") representing the purchase price in the form of checks or drafts payable to the order of, Automated Clearing House ("ACH") funds or funds wired in favor of, "Hines Real Estate Investment Trust, Inc." or "Hines REIT" (collectivxxx "Instruments of Payment") for deposit into xx xccount with Escrow Agent. Such Instruments of Payment received from residents of the State of Pennsylvania shall be placed in a separate deposit sub-account entitled "Wells Fargo Bank, N.A., as Escrow Agent for Pennsylvania Residents (Xxxxx Real Estate Investment Trust, Inc.)" (collectively the account xxx the sub-account shall be referred to as the "Escrow Account").
Receipt of Escrow Funds. Persons subscribing to purchase Shares will be instructed to remit funds ("Escrow Funds") representing the purchase price in the form of checks, drafts or money orders payable to the order of, Automated Clearing House ("ACH") funds or funds wired in favor of, "Wells Fargo Bank, N.A., as Escrow Agent for Hines Real Estate Investxxxx Trust, Inc." (collectively "Instruments xx Xayment") for deposit into an account with Escrow Agent. Such Instruments of Payment received from residents of the State of Pennsylvania shall be placed in a separate deposit sub-account entitled "Wells Fargo Bank, N.A., as Escrow Agent for Pennsylvania Residents (Xxxxx Real Estate Investment Trust, Inc.)" (collectively the account xxx the sub-account shall be referred to as the "Escrow Account"). Any Instruments of Payment received made payable to a party other than the Escrow Agent shall be returned to the Company.
Receipt of Escrow Funds. (a) The Parties hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent xxxxxx accepts such appointment and agrees to act as escrow agent in accordance with the terms and conditions set forth herein.
Receipt of Escrow Funds. On the Closing Date, Purchaser shall deposit with the Escrow Agent by wire transfer of immediately available funds, the Indemnification Escrow Amount and the Working Capital Escrow Amount and the Escrow Agent agrees to hold, invest, administer and distribute the Indemnification Escrow Amount and the Working Capital Escrow Amount and all interest thereon (collectively, the “Escrow Fund”) in accordance with the terms of this Agreement and the Merger Agreement.
