Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, into a non-interest bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Five Hundred Thousand Dollars ($500,000).
Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, into an interest bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. Such Escrow Account shall bear interest at such rates as provided from time to time by the bank account in which the Escrow Funds are deposited. In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Six Hundred Thousand Dollars ($600,000).
Delivery of the Escrowed Funds. 2.1 The Placement Agent and/or the Company will direct subscribers in the Offering to deliver the Escrowed Funds to the Escrow Agent, addressed to following account of the Escrow Agent: Account Name: Tri-State Title & Escrow, LLC Bank: Access National Bank, Xxxxxx, XX 00000 Account No.: 0000000 ABA No: .000000000
Delivery of the Escrowed Funds. 2.1 The Company will direct Investors to deliver the Escrowed Funds to the Escrow Agent, addressed to the following account of the Escrow Agent: Domestic Wires Virginia Commerce Bank Leesburg, VA ABA# 000000000 Account Name: Escrow, LLC Account #: 00000000 International Wires Correspondent Bank: Xxxxx Fargo Bank San Francisco, CA SWIFT# XXXXXX0X Credit Acct: 000-00-00000 Virginia Commerce Bank FBO Account Name: Escrow, LLC Account #: 00000000
Delivery of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall be delivered on behalf of the Company to the Escrow Agent, as escrow agent, into an interest bearing escrow account maintained by the Escrow Agent (the “Escrow Account”) by wire transfer in accordance with the wire transfer instructions set forth on Schedule A hereto. Such Escrow Account shall bear interest at such rates as provided from time to time by the bank account in which the Escrow Funds are deposited. In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than Six Hundred Thousand Dollars ($600,000). The parties hereto agree that (i) all interest accrued on the Escrowed Funds shall be paid to the Company (regardless of whether the Escrowed Funds are distributed to the Company or the Underwriter), and (ii) for tax reporting purposes, all interest and/or other taxable income earned on the Escrowed Funds in any tax year shall be taxable to the Company. The Escrow Agent agrees to provide to the Company the appropriate form to report such interest and/or other taxable income earned (i.e., 1099 Misc., etc.).
Delivery of the Escrowed Funds a. The Company will direct each Buyer to deliver the Escrowed Funds to the Escrow Agent as follows: Citibank New York, NY A/C of Sichenzia Xxxx Xxxxxxxx Xxxxxxx LLP A/C#: 92883436 ABA#: 000000000 SWIFT Code: XXXXXX00 REMARK: [COMPANY NAME/BUYER NAME]
Delivery of the Escrowed Funds a. The Company will direct each Subscriber to deliver the Escrowed Funds to the Escrow Agent as follows: Bank: CITI Private Bank Address: 000 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 ABA No.: 000000000 SWIFT: CITI US 33 Account: Loeb & Loeb LLP Escrow Account Account No.: 00000000 Attn: Xxxxxxxx Xxxxxxxx, Esq. Reference: 210920-10001 (Vision Capital Advisors, LLC/Shengkai Financing)
Delivery of the Escrowed Funds. 2.1 The Company will direct Investors to deliver the Escrowed Funds to the Escrow Agent, addressed to the following account of the Escrow Agent (the “Escrow Account”): Domestic Wires Account Name: Interwest Transfer Co, Inc Escrow Agent F/B/O Perpetual Technologies, Inc. Bank: First Utah Bank, 0000 Xxxxx 0000 Xxxx Xxxx Xxxx Xxxx Xxxx 00000 Account No.: 00000000 ABA No: 000000000 International Wires SWIFT No. : zfnbus55 Beneficiary Bank: Zions Bank 000 Xxxxx Xxxx Xxxxxx Xxxx Xxxx Xxxx Xxxx 00000 For Credit to First Utah Bank Account # 086236379 0000 Xxxxx 0000 Xxxx Xxxx Xxxx Xxxx Xxxx 00000 ABA No: 000000000 Account Name: For Further Credit to Interwest Transfer Co, Inc Escrow Agent F/B/O Perpetual Technologies, Inc. Account No.: 00000000
Delivery of the Escrowed Funds. 2.1 The Placement Agent and/or the Company will direct the Investors in the Offering to deliver the Escrowed Funds to the Escrow Agent on or prior to the closing of the Offering, addressed to the following account of the Escrow Agent: Account Name: Securities Transfer Corporation Bank: Nexity Bank ABA No: 000000000 F/C Vision Bank -Texas Account No.: 2000001897 For the benefit of: Securities Transfer Corporation account M Account No.: 201574
Delivery of the Escrowed Funds. 2.1 The Company hereby directs that the Escrowed Funds be delivered simultaneously with the Closing to the Escrow Agent’s account (the “Escrow Account”) as follows: Bank Name: Vision Bank Texas Bank Address: 000 X. Xxxxxx Xxxx Freeway, Suite 101 Richardson, TX 75080 ABA Number: 000000000 Beneficiary: Securities Transfer Corporation account M Beneficiary A/C: 201574 Ultimate beneficiary: Securities Transfer Corporation Ultimate A/C: 201574 Escrowed Funds: $500,000
