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 (the “Escrow Account”) with the Escrow Agent whereby the Escrow Agent shall hold the collected funds deposited into the Escrow Account (the “Escrow Funds”). 1.2 Upon the Escrow Agent’s receipt of the Escrow Funds from the Subscribers, the Escrow Agent shall telephonically advise Xxxxxxx, or its designated attorney or agent, of the amount of funds it has received into the Escrow Account. 1.3 Wire transfers to the Escrow Agent shall be made as follows: 000 Xxxx 00xx Xxxxxx 00xx Xxxxx 1.4 The Escrow Agent shall, upon receipt of written instructions in a form and substance satisfactory to the Escrow Agent from Xxxxxxx and Xxxx Xxxxxxxxx, pay the Escrow Funds in accordance with such written instructions, such payment or payments to be made by wire transfer within one (1) business day of receipt of such written instructions. 1.5 Xxxxxxx may reject or cancel any subscription in the Offering in whole or in part. If payment for any such rejected or canceled subscription has been delivered to the Escrow Agent, Xxxxxxx will inform the Escrow Agent and of the rejection or cancellation, and the Escrow Agent upon receiving such notice shall promptly return such funds to said Subscriber, but in no event prior to those funds becoming collected and available for withdrawal.

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account (the “Escrow Account”) with the Escrow Agent whereby the Escrow Agent shall hold the collected funds deposited into the Escrow Account (the “Escrow Funds”). 1.2 Upon the Escrow Agent’s receipt of the Escrow Funds from the SubscribersSubscribers for the Closing, the Escrow Agent it shall telephonically advise Xxxxxxxthe Company, or its the Company’s designated attorney or agent, of the amount of funds it has received into the Escrow Account. 1.3 Wire transfers to the Escrow Agent shall be made as follows: 000 Xxxx 00xx Xxxxxx 00xx Xxxxx[Intentionally Omitted] 1.4 The Escrow Agent shall, upon receipt of written instructions in a form and substance satisfactory to the Escrow Agent Agent, received from Xxxxxxx and Xxxx Xxxxxxxxxthe Company, pay the Escrow Funds in accordance with such written instructions, such payment or payments to be made by wire transfer within one (1) business day of receipt of such written instructions. 1.5 Xxxxxxx The Company may reject or cancel any subscription in the Offering in whole or in part. If payment for any such rejected or canceled subscription has been delivered to the Escrow Agent, Xxxxxxx the Company will inform the Escrow Agent and of the rejection or cancellation, and the Escrow Agent upon receiving such notice shall promptly return such funds to said Subscriber, but in no event prior to those funds becoming collected and available for withdrawal.

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account (the “Escrow Account”) with the Escrow Agent whereby the Escrow Agent shall hold the collected funds deposited into the Escrow Account (the “Escrow Funds”). 1.2 Upon the Escrow Agent’s receipt of the Escrow Funds from the Subscribers, the Escrow Agent shall telephonically advise Xxxxxxx, or its designated attorney or agent, of the amount of funds it has received into the Escrow Account. 1.3 Wire transfers to the Escrow Agent shall be made as follows: 000 150 Xxxx 00xx Xxxxxx 00xx Xxxxx 1.4 The Escrow Agent shall, upon receipt of written instructions in a form and substance satisfactory to the Escrow Agent from Xxxxxxx and Xxxx Xxxxxxxxx, pay the Escrow Funds in accordance with such written instructions, such payment or payments to be made by wire transfer within one (1) business day of receipt of such written instructions. 1.5 Xxxxxxx may reject or cancel any subscription in the Offering in whole or in part. If payment for any such rejected or canceled subscription has been delivered to the Escrow Agent, Xxxxxxx will inform the Escrow Agent and of the rejection or cancellation, and the Escrow Agent upon receiving such notice shall promptly return such funds to said Subscriber, but in no event prior to those funds becoming collected and available for withdrawal.

TERMS OF THE ESCROW. 1.1 The parties hereby agree to establish an escrow account (the “Escrow Account”) with the Escrow Agent whereby the Escrow Agent shall hold the collected funds deposited into the Escrow Account (the “Escrow Funds”). 1.2 Upon the Escrow Agent’s receipt of the Escrow Funds from the Subscribers, the Escrow Agent shall telephonically advise XxxxxxxPxxxxxx, or its designated attorney or agent, of the amount of funds it has received into the Escrow Account. 1.3 Wire transfers to the Escrow Agent shall be made as follows: 000 100 Xxxx 00xx Xxxxxx 00xx Xxxxx 1.4 The Escrow Agent shall, upon receipt of written instructions in a form and substance satisfactory to the Escrow Agent from Xxxxxxx Pxxxxxx and Xxxx Mxxx Xxxxxxxxx, pay the Escrow Funds in accordance with such written instructions, such payment or payments to be made by wire transfer within one (1) business day of receipt of such written instructions. 1.5 Xxxxxxx Pxxxxxx may reject or cancel any subscription in the Offering in whole or in part. If payment for any such rejected or canceled subscription has been delivered to the Escrow Agent, Xxxxxxx Pxxxxxx will inform the Escrow Agent and of the rejection or cancellation, and the Escrow Agent upon receiving such notice shall promptly return such funds to said Subscriber, but in no event prior to those funds becoming collected and available for withdrawal.