Appointment of the Facilitator of Escrow. Issuer Party hereby appoints NCPS to serve as the facilitator of escrow as set forth herein through the institution in Section 1(d) as escrow agent, and NCPS hereby accepts such appointment, in accordance with the terms of this Agreement. Issuer Party shall take all necessary steps to assure that all funds necessary to consummate the Transaction are deposited into the Escrow Account. Issuer shall not receive interest on the Escrow Funds and the Escrow Account shall be a non-interest bearing account as to Issuer Party.
Appears in 5 contracts
Samples: Escrow Agreement (Ysmd, LLC), Escrow Agreement (Ysmd, LLC), Escrow Agreement (THUMZUP MEDIA Corp)