Common use of Deposit with Escrow Clause in Contracts

Deposit with Escrow. Within two (2) business days following the execution of this Agreement, (i) Licensor and Licensee shall deposit into an escrow account (the “Licensee Escrow Account”) established with Escrow a fully-executed copy of this Agreement; (ii) Licensee shall deposit with Escrow funds in an amount equal to the Loan amount set forth in Section 1(e) of the Specific Provisions and (iii) Licensee shall deposit with Escrow an executed, undated original copy of the Note. This Agreement, the Loan proceeds and the Note shall be held in escrow until closing of the Licensor’s acquisition of the Property in accordance with the Master Purchase Agreement.

Deposit with Escrow. Within two (2) business days following the execution of this Agreement, (i) Licensor and Licensee shall deposit this Agreement into an escrow account (the “Licensee Escrow Account”) established with Escrow a fully-executed copy of this AgreementEscrow; and (ii) Licensee shall deposit with Escrow funds in an amount equal to the Loan amount set forth in Section 1(e) of the Specific Provisions and (iii) Licensee shall deposit with Escrow an executed, undated original copy of the NoteProvisions. This Agreement, Agreement and the Loan proceeds and the Note shall be held in escrow until closing of the Licensor’s acquisition of the Relevant Portion of the Property in accordance with the Master Purchase Agreement or the Subsequent Purchase Agreement, as applicable.