Common use of TERMS OF THE ESCROW Clause in Contracts

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, in the aggregate, of the Debentures and the Warrants at the Closings as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Smartire Systems Inc), Escrow Agreement (Smartire Systems Inc)

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TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent (i) shall hold the funds for the purchase of up to US$2,500,000$500,000 of Common Stock, in the aggregate, of the Debentures and the Warrants at the Closings all as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Mediax Corp)

TERMS OF THE ESCROW. 1.1 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,0001,700,000, in the aggregate, of the Debentures and the Warrants at the Closings Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Smartire Systems Inc)

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,0003,000,000, in the aggregate, principal amount of the Debentures and the Warrants at the Closings Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Smartire Systems Inc)

TERMS OF THE ESCROW. 1.1 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000$1,500,000, in the aggregate, of the Debentures and the Warrants at the Closings as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tasker Capital Corp)

TERMS OF THE ESCROW. 1.1 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, $8,500,000.00 in the aggregate, of the Debentures and the Warrants at the Closings as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (TWL Corp)

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,0001,000,000, in the aggregate, of the Debentures Preferred Stock and the Warrants at the Closings Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Pacific Magtron International Corp)

TERMS OF THE ESCROW. 1.1 6.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000500,000, in the aggregate, of the Debentures and the Warrants Shares at the Closings as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Valde Connections Inc)

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,0001,400,000, in the aggregate, of the Debentures Shares and the Warrants at the Closings Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Irvine Sensors Corp/De/)

TERMS OF THE ESCROW. 1.1 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, in the aggregate, $750,000 principal amount of the Convertible Debentures and the Warrants at the Closings Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (World Wide Wireless Communications Inc)

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TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, in the aggregate, of the Convertible Debentures and the Warrants at the Closings Closing as contemplated by the Purchase Agreement, and shall hold the relevant documents.

Appears in 1 contract

Samples: Escrow Agreement (Teleservices International Group Inc)

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000$1,350,000, in the aggregate, of the Debentures and the Warrants at the Closings as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sunburst Acquisitions Iv Inc)

TERMS OF THE ESCROW. 1.1 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, $10,000,000 in the aggregate, aggregate of the Debentures and the Warrants at the Closings as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tarrant Apparel Group)

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, in the aggregate, $1,500,000 principal amount of the Debentures Notes and the Warrants at the Closings Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Waverider Communications Inc)

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, $30,000,022 (the “Funds”) in the aggregate, of the Debentures and the Warrants at the Closings principal amount as contemplated by the Purchase this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (China Marine Food Group LTD)

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