Common use of Closing Process Clause in Contracts

Closing Process. On the date of execution of this Agreement, the parties will each send by facsimile a copy of this executed Agreement to each other at the facsimile numbers specified herein. In addition, on the date of executing this Agreement, the parties will each send by overnight mail an original copy of this executed Agreement to each other at the addresses specified herein. Immediately thereafter, the Seller shall transmit the Blaze Stock to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Esq., counsel for the Purchaser, duly endorsed or accompanied by stock powers, duly executed in blank with appropriate transfer stamps, who shall hold the Blaze Stock in escrow until he receives certificates representing the EESV Stock, at which point he shall deliver the Blaze Stock to the Purchaser and the EESV Stock to the Seller. In the event ▇▇. ▇▇▇▇▇▇ has not received the EESV Stock from Purchaser within thirty (30) days after receipt of the Blaze Stock from Seller, ▇▇. ▇▇▇▇▇▇ shall promptly return the Blaze Stock to the Seller and this Agreement and the transaction contemplated herein shall be null, void and of no legal effect.