Deposit of Escrow Property. AHR has caused to be deposited with ---------------------------- the Escrow Agent 3,196,873 shares of restricted common stock of New Horizon Education, Inc. in connection with the purchase of shares of Common Stock pursuant to that certain Agreement and Plan of Reorganization by and between the Sellers and Purchasers identified therein dated as of the date hereof (the "AGREEMENT"). --------- Upon exercise of a purchase option by AHR, Phase One will deposit with the Escrow Agent 12,867,400 shares of restricted New Horizon Education, Inc. common stock held in the name of Phase One pursuant to that certain Agreement. The Escrow Property consists of the 3,196,873 shares of restricted common stock of New Horizon in the name of AHR and, if the option is exercised, 12,867,400 shares of restricted common stock of New Horizon in the name of Phase One, (the "ESCROW PROPERTY"). ----------------
Deposit of Escrow Property. Each of the Parties agrees and acknowledges that (i) concurrent with the execution and delivery of this Agreement, Chilco shall deliver certificates to the Escrow Agent representing (A) the Shareholder Escrow Shares; (B) the Financing Escrow Shares; and (C) the Rightholder Escrow Shares, respectively, in the amounts set forth beside the Shareholders’, the Principal Shareholders’ and the Rightholders’ names on Schedule A and (ii) thereafter, Chilco shall be authorized and shall deliver to the Escrow Agent for deposit into the Shareholder Escrow, the Principal Escrow or Rightholder Escrow any Shareholder Distribution, Principal Distribution or Rightholder Distribution, as applicable.
Deposit of Escrow Property. Funds shall be deposited in the Distribution Account (as defined below) as follows:
Deposit of Escrow Property. (a) On the Closing Date, the Interested Parties shall cause the Escrow Shares to be deposited with the Escrow Agent.
Deposit of Escrow Property. Each of the potential investors for the Securities shall, from time to time after the effective date of the Registration Statement, cause to be wired to the Escrow Agent funds in payment for Securities (the "Escrowed Property"). Upon receipt of funds from such potential investors, the Escrow Agent shall credit such funds to an interest-bearing account (the "Escrow Account") held by the Escrow Agent.
Deposit of Escrow Property. (a) To secure the performance by the Seller of the Seller’s obligation in the event the Merger Agreement is terminated by the Buyer or the Seller pursuant to Section 8.1(g) of the Merger Agreement (the "Seller Break-up Obligation"), the Seller has delivered a certificate for Common Shares (issued in the name of the Escrow Agent or its nominee) in an amount agreed upon by the Buyer and the Seller (the “Seller Escrow”) to the Escrow Agent at the Closing. Subject to the terms and conditions of this Agreement, the Escrow Agent shall hold and administer the Seller Escrow (and any interest, dividends and distributions paid thereon or proceeds received therefrom, in each case received by the Escrow Agent) (collectively, the “Seller Submitted Escrow Property”) in escrow. The Escrow Agent shall have no responsibility for the genuineness, validity, market value, title or sufficiency for any intended purpose of the Seller Submitted Escrow Property.
Deposit of Escrow Property. Upon the execution hereof by the Parties and Escrow Agent, Parent shall deliver, or cause to be delivered, to the Escrow Account the amount of $10,000,000 (the “Escrow Amount”), in cash by wire transfer of immediately available funds. The Escrow Agent hereby accepts and agrees to hold the Escrow Property (as defined below) in the Escrow Account and to not distribute or release any portion thereof except in accordance with the provisions of this Escrow Agreement.
Deposit of Escrow Property. Xxxxx has caused to be deposited with the Escrow Agent 15,000,000 shares of common stock (the "Escrow Property") in connection with the purchase of shares of Common Stock for the purchase of common stock of Trading Xxxxxxxxx.xxx, Inc. ("TSLU") pursuant to that certain Exchange Agreement by and between the Sellers and Purchasers identified therein dated as of the date hereof (the "Exchange Agreement").
Deposit of Escrow Property. Each of the Parties agrees and acknowledges that (i) concurrent with the execution and delivery of this Agreement, Parent shall deliver certificates to the Escrow Agent representing the Escrow Shares, in the amounts set forth opposite each Shareholder’s name on Schedule A hereto and (ii) thereafter, Parent shall be authorized and shall deliver to the Escrow Agent for deposit into the Escrow, any Escrow Share Distribution.
Deposit of Escrow Property. THoldings has caused to be deposited with the Escrow Agent and to be held at her office (1322 W. Pachua Circle Ivins, UT 84738) the amount of _30,000,000 ( thirty million)________________________ restricted common shares of THoldings, and TShare has caused to be deposited with the Escrow Agent and to be held at her office (1322 W. Pachua Circle Ixxxx, UT 84738) the amount of __2,000,000 (two million)____________________ restricted common shares of TShare which represents 100% of the issued and outstanding shares of TShare, (collectively, the “Escrow Property”) in connection with:
