Common use of Deposit with Escrow Agent Clause in Contracts

Deposit with Escrow Agent. (a) The Escrow Agent agrees that it will from time to time accept, in its capacity as escrow agent, subscription funds for the Shares (the "Escrowed Funds") received by it from subscribers, the Sales Agent, or the Company when it has received checks from subscribers. All checks shall be made payable to the Escrow Agent. If any check does not clear normal banking channels in due course, the Escrow Agent will promptly notify the Company and the Sales Agent. Any check which does not clear normal banking channels and is returned by the drawer's bank to Escrow Agent will be promptly turned over to the Sales Agent, along with all other subscription documents relating to such check. Any check received that is made payable to a party other than the Escrow Agent shall be returned to the Sales Agent for return to the proper party. The Company in its sole and absolute discretion may reject any subscription for Shares for any reason and upon such rejection it shall notify and instruct the Escrow Agent in writing to return the Escrowed Funds by check made payable to the subscriber. If the Company rejects or cancels any subscription for any reason the Company will retain any interest earned on the Escrowed Funds to help defray organizational costs.

Deposit with Escrow Agent. (a) The Escrow Agent agrees that it will from time to time accept, in its capacity as escrow agent, subscription funds for the Shares (the "Escrowed FundsESCROWED FUNDS") received by it from subscribers, the Sales Agent, or the Company when it has received checks from subscribers. All checks shall be made payable to the Escrow Agent. If any check does not clear normal banking channels in due course, the Escrow Agent will promptly notify the Company and the Sales Agent. Any check which does not clear normal banking channels and is returned by the drawer's bank to Escrow Agent will be promptly turned over to the Sales Agent, along with all other subscription documents relating to such check. Any check received that is made payable to a party other than the Escrow Agent shall be returned to the Sales Agent for return to the proper party. The Company in its sole and absolute discretion may reject any subscription for Shares for any reason and upon such rejection it shall notify and instruct the Escrow Agent in writing to return the Escrowed Funds by check made payable to the subscriber. If the Company rejects or cancels any subscription for any reason the Company will retain any interest earned on the Escrowed Funds Funds, subject to state law, to help defray organizational costs.

Deposit with Escrow Agent. (a) The Escrow Agent agrees that it will from time to time accept, in its capacity as escrow agent, subscription funds for the Shares (the "Escrowed Funds") received by it from subscribers, the Sales Agent, or the Company when it has received checks from subscribers. All checks shall be made payable to the Escrow Agent. If any check does not clear normal banking channels in due course, the Escrow Agent will promptly notify the Company and the Sales Agent. Any check which does not clear normal banking channels and is returned by the drawer's bank to Escrow Agent will be promptly turned over to the Sales Agent, along with all other subscription documents relating to such check. Any check received that is made payable to a party other than the Escrow Agent shall be returned to the Sales Agent for return to the proper party. The Company in its sole and absolute discretion may reject any subscription for Shares for any reason and upon such rejection it shall notify and instruct the Escrow Agent in writing to return the Escrowed Funds by check made payable to the subscriber. If the Company rejects or cancels any subscription for any reason the Company will retain any interest earned on the Escrowed Funds to help held defray organizational costs.

Deposit with Escrow Agent. (a) The Escrow Agent agrees that it will from time to time accept, in its capacity accept as escrow agent, Escrow Agent subscription funds for the Shares Securities (the "Escrowed Funds") received by it from subscribers, the Sales Agent, Company or the Company when it has received checks Marketing Agent from subscribers or broker-dealers representing the subscribers. All checks shall be made payable to the Escrow Agent which will be collected by the Escrow Agent. If In the event any check does not clear normal banking channels in due course, the Escrow Agent will promptly notify the Company and the Sales AgentCompany. Any check which does not clear normal banking channels and is returned by the drawer's bank to Escrow Agent will be promptly turned over to the Sales Agent, Company along with all other subscription documents relating to such check. Any check received that is made payable to a party other than the Escrow Agent shall be returned to the Sales Agent Company for return to the proper party. The Company in its sole and absolute discretion may reject any subscription for Shares Securities for any reason prior to the release of funds in the Escrow Account to the Company, in whole or in part, by the Escrow Agent and upon such rejection it shall notify and instruct the Escrow Agent in writing to return the Escrowed Funds by check made payable to the subscriber. If the Company rejects or cancels any subscription for any reason the Company will retain any interest Any investment earnings earned on these rejected subscription Securities will be paid to the Escrowed Funds to help defray organizational costssubscriber when the funds are returned.

Deposit with Escrow Agent. (a) The Escrow Agent agrees that it will from time to time accept, in its capacity as escrow agent, subscription funds for the Shares (the "“Escrowed Funds"”) in the form of checks and wire transfers received by it the Escrow Agent from subscribers, the Sales Agent, or the Company when it has received checks from subscribers as well as subscription documents submitted by subscribers. All checks shall be made payable to the Escrow AgentAgent for the benefit of the Company. If any check does not clear normal banking channels in due course, the Escrow Agent will promptly notify the Company and the Sales AgentCompany. Any check which does not clear normal banking channels and is returned by the drawer's ’s bank to the Escrow Agent will be promptly turned over to the Sales Agent, Company along with all other subscription documents relating to such check. Any check received that is made payable to a party other than the Escrow Agent shall be returned to the Sales Agent Company for return to the proper party. The Company in its sole and absolute discretion may reject any subscription for Shares shares for any reason and upon such rejection it shall notify and instruct the Escrow Agent in writing to return the Escrowed Funds by check made payable to the subscriber. If the Company rejects or cancels any subscription for any reason the Company Escrow Agent will retain any interest earned on the Escrowed Funds to help defray organizational costsFunds.