Retention of Funds. in the Escrow Account if a Closing occurs. If subscriptions for any or all 25,000 Shares have been received and accepted by the Company within ninety (90) days after the date of the Prospectus, the funds shall be held in the Escrow Account during the Post-Offering Period and shall not be disbursed by the Escrow Agent except as expressly provided herein.
Appears in 3 contracts
Samples: Escrow Agreement (Samdrew Iii Inc), Escrow Agreement (Samdrew Ii Inc), Escrow Agreement (Samdrew I Inc)
Retention of Funds. in the Escrow Account if a Closing occursthe Offering is Fully Subscribed. If subscriptions for any or all 25,000 Shares 200,000 Units have been received and accepted by the Company and $100,000 of funds have been deposited into the Escrow Account within ninety (90) 90 days after the date of the Prospectus, the funds shall be held in the Escrow Account during the Post-Offering Period and shall not be disbursed by the Escrow Agent except as expressly provided herein.
Appears in 3 contracts
Samples: Escrow Agreement (Bluegate Corp), Escrow Agreement (Greengate Corp), Escrow Agreement (Bluegate Corp)
Retention of Funds. in the Escrow Account if a Closing occurs. If subscriptions for any or all 25,000 50,000 Shares have been received and accepted by the Company within ninety (90) days after the date of the Prospectus, the funds shall be held in the Escrow Account during the Post-Offering Period and shall not be disbursed by the Escrow Agent except as expressly provided herein.
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