Common use of Deposits to the Bank Account Clause in Contracts

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, or wire transfers, provided, however, that “Cashiers” checks and “Money Orders” must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials Group Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (China Advanced Construction Materials Group, Inc)

AutoNDA by SimpleDocs

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that "Cashiers" checks and "Money Orders" must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “Continental Stock Transfer & Trust Company AAF China Advanced Construction Materials Group Escrow Account.Carbon Graphite Group, Inc.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (China Carbon Graphite Group, Inc.)

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, or wire transfers, provided, however, that “Cashiers” checks and “Money Orders” must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials Group Nastech Pharmaceutical Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Nastech Pharmaceutical Co Inc)

Deposits to the Bank Account. 3.1 The Placement Agent Underwriter shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that “Cashiers” checks and “Money Orders” must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials CST&T Hailiang Education Group Inc. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Hailiang Education Group Inc.)

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that “Cashiers” checks and “Money Orders” must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials Group CST&T Vicor Technologies, Inc. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Vicor Technologies, Inc.)

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that "Cashiers" checks and "Money Orders" must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials Group CST&TImperial Garden & Resort Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Imperial Garden & Resort, Inc.)

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of Investors in payment for the SecuritiesShares, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that “Cashiers” checks and “Money Orders” must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable substantially as follows to “China Advanced Construction Materials Group Escrow Account.AST&T AAF Ampio Pharmaceuticals, Inc.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserInvestor, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Ampio Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers Investors of the Securities, which monies shall be in the form of checks, checks or wire transfers, ; provided, however, however that "Cashiers" checks and "Money Orders" must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials Group CST&T AAF MusclePharm Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Form of Escrow Agreement (MusclePharm Corp)

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the SecuritiesUnits, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that “Cashiers” checks and “Money Orders” must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials CST&T AAF GlobalOptions Group Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (GlobalOptions Group, Inc.)

Deposits to the Bank Account. 3.1 The Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers of the Securities, which monies shall be in the form of checks, checks or wire transfers, provided, however, provided however that "Cashiers" checks and "Money Orders" must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the Escrow Agent. Upon the Escrow Agent’s 's receipt of such monies, same they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “China Advanced Construction Materials Group "CST&T New Leaf Brands, Inc. Escrow Account." Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any subscription information Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Registration Rights Agreement (New Leaf Brands, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.