Common use of Deposits into the Escrow Account Clause in Contracts

Deposits into the Escrow Account. The Company agrees that it shall properly deliver, within 48 hours of its receipt, all monies received from investors for the payment of the Shares to the Impound Agent for deposit in the Escrow Account, accompanied with a copy of the attached form of "Share Purchase Order," executed by the Company and the investor. Checks payable to the Company shall be endorsed by the Company for deposit to the Escrow Account. If checks are delivered to the Impound Agent unendorsed, the Impound Agent may supply the Company's endorsement and deposit them into the Escrow Account. All payments to the Company by reason of credit card purchases of the Shares shall be forwarded into the Escrow Account. The Company shall date and number-stamp each Share Purchase Order and shall also provide the Escrow Agent with, and maintain for its own records, a copy of the form of consideration.

Appears in 4 contracts

Samples: Impound Agreement (Healthandbeautydirect Com Inc), Impound Agreement (Healthandbeautydirect Com Inc), Impound Agreement (Venture Media Limited Partnership)

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Deposits into the Escrow Account. The Company agrees that it shall properly deliver, within 48 hours of its receipt, all monies received from investors subscribers for the payment of the Shares to the Impound Agent for deposit in the Escrow Account, accompanied with a copy of the attached form of "Share Purchase OrderAgreement," executed by the Company and the investor. Checks payable to the Company shall be endorsed by the Company for deposit to the Escrow Account. If checks are delivered to the Impound Agent unendorsed, the Impound Agent may supply the Company's endorsement and deposit them into the Escrow Account. All payments to the Company by reason of credit card purchases of the Shares shall be forwarded into the Escrow Account. The Company shall date and number-stamp each Share Purchase Order Agreement and shall also provide the Escrow Agent with, and maintain for its own records, a copy of the form of consideration.

Appears in 1 contract

Samples: Impound Agreement (Dynacraft Golf Products Inc)

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Deposits into the Escrow Account. The Company agrees that it shall properly deliver, within 48 hours of its receipt, all monies received from investors for the payment of the Shares to the Impound Escrow Agent for deposit in the Escrow Account, accompanied with a copy of the attached form of "Share Purchase Order," executed by the Company and the investor. Checks payable to the Company shall be endorsed by the Company for deposit to the Escrow Account. If checks are delivered to the Impound Escrow Agent unendorsed, the Impound Escrow Agent may supply the Company's endorsement and deposit them into the Escrow Account. All payments to the Company by reason of credit card purchases of the Shares shall be forwarded into the Escrow Account. The Company shall date and number-stamp each Share Purchase Order and shall also provide the Escrow Agent with, and maintain for its own records, a copy of the form of consideration.each Share Purchase Order

Appears in 1 contract

Samples: Escrow Agreement (Coffeeam Com Inc)

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