Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following: (a) In the event that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination Notice”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or offset.
Appears in 5 contracts
Samples: Escrow Deposit Agreement (ADiTx Therapeutics, Inc.), Escrow Deposit Agreement (ADiTx Therapeutics, Inc.), Escrow Deposit Agreement (Moleculin Biotech, Inc.)
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(a) In the event that the Company and Underwriter Placement Agent advise the Escrow Agent in writing that the Offering has been terminated (the “Termination Notice”), the Escrow Agent shall promptly return the funds paid by each Investor Subscriber to said Investor Subscriber without interest or offset.
Appears in 3 contracts
Samples: Escrow Deposit Agreement (Xspand Products Lab, Inc.), Escrow Deposit Agreement (Xspand Products Lab, Inc.), Escrow Deposit Agreement (Xspand Products Lab, Inc.)
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(a) In the event that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination Notice”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or offsetoffset within one (1) business day.
Appears in 2 contracts
Samples: Escrow Deposit Agreement (Alliance MMA, Inc.), Escrow Deposit Agreement (Alliance MMA, Inc.)
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(a) In the event that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination Notice”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or offsetoffset within five (5) business days.
Appears in 2 contracts
Samples: Escrow Deposit Agreement (ZK International Group Co., Ltd.), Escrow Deposit Agreement (ZK International Group Co., Ltd.)
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(a) In the event that the Company and Underwriter Lead Investor advise the Escrow Agent in writing that the Offering has been terminated (the “"Termination Notice”"), the Escrow Agent shall promptly return the funds paid by each Investor Subscriber to said Investor Subscriber without interest or offset.
Appears in 2 contracts
Samples: Escrow Deposit Agreement (Bioptix, Inc.), Escrow Deposit Agreement (Bioptix, Inc.)
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(a) In the event that the Company and Underwriter advise Trust advises the Escrow Agent in writing that the Offering has been terminated (the “"Termination Notice”"), then the Escrow Agent shall promptly return the funds paid by each Investor Subscriber to said Investor Subscriber without interest or offset.
Appears in 1 contract
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(aA) In the event that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated IN THE EVENT THAT THE COMPANY AND UNDERWRITER ADVISE THE ESCROW AGENT IN WRITING THAT THE OFFERING HAS BEEN TERMINATED (the THE “Termination NoticeTERMINATION NOTICE”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or offset.
Appears in 1 contract
Release of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:
(a) In the event that the Company and Underwriter advise Trust advises the Escrow Agent in writing that the Offering has been terminated (the “Termination Notice”), then the Escrow Agent shall promptly return the funds paid by each Investor Subscriber to said Investor Subscriber without interest or offset. The Escrow Funds returned to each Subscriber shall be free and clear of any and all claims of the Escrow Agent.
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