Deposit of Escrowed Funds. On the date hereof, Buyer shall, as partial payment of the Purchase Price, deliver to Escrow Agent for deposit in escrow pursuant to the provisions hereof, a wire transfer of immediately available funds in the amount of $1,750,000 (the "Escrowed Funds") into an interest bearing account.
Appears in 3 contracts
Samples: Earnest Money Escrow Agreement (K Tel International Inc), Earnest Money Escrow Agreement (K Tel International Inc), Earnest Money Escrow Agreement (Platinum Entertainment Inc)
Deposit of Escrowed Funds. On the date hereof, Buyer shall, as partial payment of the Purchase Price, deliver to Escrow Agent for deposit in escrow pursuant to the provisions hereof, a wire transfer of immediately available funds in the amount of $1,750,000 2,000,000 (the "Escrowed Funds") into an interest bearing account.
Appears in 1 contract
Samples: Indemnity Escrow Agreement (K Tel International Inc)
