Terms of Escrow. The Company directs the Escrow Agent not to release or otherwise deal with the Purchase Funds, and the other documents, held in escrow under this Agreement except in accordance with the terms of this Agreement. Unless otherwise directed in a notice in writing executed by the Company and each of the Shareholders, the Escrow Agent will release the Purchase Funds to the Company or to the Shareholders as follows:
Appears in 6 contracts
Samples: Escrow Agreement (Baoshinn Corp), Escrow Agreement (Baoshinn Corp), Escrow Agreement (Baoshinn Corp)
Terms of Escrow. 2.1 The Company directs the Escrow Agent not to release or otherwise deal with the Purchase Funds, and the other documents, held in escrow under this Agreement except in accordance with the terms of this Agreement. .
2.2 Unless otherwise directed in a notice in writing executed by the Company and each of the Shareholders, the Escrow Agent will release the Purchase Funds to the Company or to the Shareholders as follows:
Appears in 2 contracts
Samples: Escrow Agreement (Osprey Ventures, Inc.), Escrow Agreement (Osprey Ventures, Inc.)
