Common use of DEPOSIT HOLD Clause in Contracts

DEPOSIT HOLD. Company agrees that 6% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect for 180 days following the close of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will be released to the Company.

Appears in 7 contracts

Samples: Posting Agreement (Knightscope, Inc.), Posting Agreement (Fisher Wallace Laboratories, Inc.), Posting Agreement (Solutions Vending International, Inc.)

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DEPOSIT HOLD. Company agrees that 6% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect for 180 days following the close of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held Doc ID: c29f501fb97fb5cf1d5ea53b129134381d366b38 for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will be released to the Company.

Appears in 1 contract

Samples: Posting Agreement (Xcraft Enterprises, LLC)

DEPOSIT HOLD. Company agrees that 6% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect for 180 days following the close of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will be released to the Company. 4.

Appears in 1 contract

Samples: Posting Agreement (Jet Token Inc.)

DEPOSIT HOLD. Company agrees that 65% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect for 180 90 days following from the close receipt of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will funds into escrow and then be released to the Company.

Appears in 1 contract

Samples: Posting Agreement (Hylete, Inc.)

DEPOSIT HOLD. The Company agrees that 6% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect for 180 days following the close of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will be released to the Company.

Appears in 1 contract

Samples: Posting Agreement (20/20 GeneSystems, Inc.)

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DEPOSIT HOLD. Company agrees that 6% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect on a portion of the funds for 180 days following the close of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will be released to the Company.

Appears in 1 contract

Samples: Posting Agreement (Cityzenith Holdings, Inc.)

DEPOSIT HOLD. Company agrees that 6% of the total funds received into escrow will be held back as a deposit hold in case of any ACH refunds or credit card chargebacks. The hold will remain in effect for 180 days following the close of the Offering. 60 days months after the close of the Offering, 4% of the deposit hold will be released to the Company. The remaining 2% will be held for the final 120 days of the deposit hold. After such further 120 days, the remaining 2% will be released to the Company.

Appears in 1 contract

Samples: Posting Agreement (LiquidPiston, Inc.)

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