Common use of Delivery of Escrow Funds Clause in Contracts

Delivery of Escrow Funds. (a) On or prior to the date of the commencement of the Offering, the parties shall establish a non-interest bearing escrow account with the Escrow Agent, which escrow account shall be entitled “AGM Group Holdings, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). Underwriter and the Company shall instruct Investors to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for AGM Group Holdings, Inc.,” or wire transfer to Signature Bank, 000 Xxxxx Xxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for AGM Group Holdings, Inc., Account No. _____________, in each case, with the name and address of the individual or entity making payment. The Underwriter shall forward any and all checks, drafts, and money orders so received by the Underwriter to the Escrow Agent by noon of the next business day following the receipt, together with a written account of each purchaser which sets forth, among other things, the name and address of the purchaser, the number of securities purchased and the amount paid therefor. Any checks received which are made payable to any party other than the Escrow Agent, shall be returned to the Investor who submitted the check and not accepted. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into the Escrow Account.

Delivery of Escrow Funds. (a) On or prior to the date of the commencement of the Offering, the parties shall establish a non-interest bearing escrow account with the Escrow Agent, which escrow account shall be entitled “AGM Group Holdings, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). The Underwriter and the Company shall shall: (i) instruct Investors to deliver to Escrow Agent checks checks, for deposit in the Escrow Account by noon of the business day following receipt, made payable to the order of “Signature Bank, as Escrow Agent for AGM Group HoldingsADOMANI, Inc.,” or wire transfer to Signature Bank, 000 Xxxxx Xxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for AGM Group HoldingsADOMANI, Inc., Account No. _____________, in each case, with the name and address of the individual or entity making payment. The payment and (ii) until the contingency is met, the Underwriter shall forward promptly, upon receipt of any and all checks, drafts, and money orders so received by from prospective purchasers of the Underwriter shares/units, deliver same to the Escrow Agent for deposit in the Escrow Account by noon of the next business day following the receipt, together with a written account of each purchaser which sets forth, among other things, the name and address of the purchaser, the number of securities purchased and the amount paid therefor. Any checks received which are made payable to any party other than the Escrow Agent, shall be returned to the Investor purchaser who submitted the check and not accepted. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at Signature Bank entitled “ADOMANI, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”).

Delivery of Escrow Funds. (a) On or prior to the date of the commencement of the Offering, the parties shall establish a non-interest bearing escrow account with the Escrow Agent, which escrow account shall be entitled “AGM Group Holdings, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”). Underwriter and the Company shall instruct Investors to deliver to Escrow Agent checks made payable to the order of “Signature Bank, as Escrow Agent for AGM Group Holdings, Inc.,” or wire transfer to Signature Bank, 000 Xxxxx Xxx, 0xx Xxxxx, Xxx Xxxx, XX 00000, ABA No. 000000000 for credit to Signature Bank, as Escrow Agent for AGM Group Holdings, Inc., Account No. _____________0000000000, in each case, with the name and address of the individual or entity making payment. The Underwriter shall forward any and all checks, drafts, and money orders so received by the Underwriter to the Escrow Agent by noon of the next business day following the receipt, together with a written account of each purchaser which sets forth, among other things, the name and address of the purchaser, the number of securities purchased and the amount paid therefor. Any checks received which are made payable to any party other than the Escrow Agent, shall be returned to the Investor who submitted the check and not accepted. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into the Escrow Account.