Common use of Deposits to the Bank Account Clause in Contracts

Deposits to the Bank Account. 3.1 The Issuer 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, cash,' or wire transfers. Upon the Escrow Agent's receipt of such monies, 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, as Escrow Agent for Alpha Resources, 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 Issuer together with any 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 (Alpha Resources Inc /De/)

AutoNDA by SimpleDocs

Deposits to the Bank Account. 3.1 The Issuer 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, cash,' checks or wire transfers, "Money Orders" are not acceptable. Upon the Escrow Agent's ’s receipt of such monies, 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, as “CST&T AAF NeoVolta Escrow Agent for Alpha Resources, Inc." Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned by the Escrow Agent to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Issuer Placement Agent (together with any 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 (NeoVolta Inc.)

Deposits to the Bank Account. 3.1 The Issuer Each prospective purchaser of the Securities shall promptly deliver to the Escrow Agent all monies which it receives from prospective purchasers representing the purchase price of the Securities, which monies shall be in the form of checks, cash,' checks or wire transfers. Upon the Escrow Agent's receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to "Continental Signature Stock Transfer & Trust CompanyTransfer, Inc., as Escrow Agent for Alpha Resources, Inc." CanArgo Energy Corporation". 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 Issuer Company (together with any 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 the this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Canargo Energy Corp)

Deposits to the Bank Account. 3.1 The Issuer 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, cash,' checks or wire transfers. Upon the Escrow Agent's receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to "Continental American Stock Transfer & Trust CompanyCompany - XStream Beverage Network, as Inc. Escrow Agent for Alpha Resources, Inc.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 Issuer Placement Agent (together with any 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 (Xstream Beverage Network, Inc.)

AutoNDA by SimpleDocs

Deposits to the Bank Account. 3.1 The Issuer Issuer, via its Subscription Agreement instruction, shall promptly direct Investors to deliver all monies directly to the Escrow Agent all monies which it receives from prospective purchasers of the SecuritiesAgent, which monies shall be in the form of checks, cash,' cashier’s checks, money orders, or wire transfers. Upon the Escrow Agent's ’s receipt of such monies, 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“Equisource Hotel Fund I, as LLP Escrow Agent for Alpha Resources, Inc." Account.” Any check payable other than to the Escrow Agent account name as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Issuer (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check subscription monies by the Escrow Agent, and such check subscription monies 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 (Equisource Hotel Fund I, LLP)

Deposits to the Bank Account. 3.1 The Issuer 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, cash,' or wire transfers. Upon the Escrow Agent's receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to "Continental Stock Transfer & Trust CompanyFirst Community Bank of America, as Escrow Agent for Alpha ResourcesVertical Health Solutions, 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 (defined as lack of the prospective purchaser's address) to do so, then to the Issuer together with any 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 (Vertical Health Solutions Inc)

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