Common use of DEPOSITS TO THE ESCROW ACCOUNT Clause in Contracts

DEPOSITS TO THE ESCROW ACCOUNT. 3.1 The Issuer shall promptly deliver to the Escrow Agent all funds which it receives from prospective purchasers of the Securities, which funds shall be in the form of checks or wire transfers. Upon the Escrow Agent's receipt of such funds, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to the "City National Bank/SRKP 2, Inc.'s Escrow Account." Any checks payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser.

Appears in 2 contracts

Samples: Escrow Agreement (SRKP 2 Inc), Escrow Agreement (SRKP 2 Inc)

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DEPOSITS TO THE ESCROW ACCOUNT. 3.1 The Issuer shall promptly deliver to the Escrow Agent all funds which it receives from prospective purchasers of the Securities, which funds shall be in the form of checks or wire transfers. Upon the Escrow Agent's receipt of such funds, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to the "City National Bank/SRKP 23, Inc.'s Escrow Account." Any checks payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser.

Appears in 1 contract

Samples: Escrow Agreement (SRKP 3, Inc)

DEPOSITS TO THE ESCROW ACCOUNT. 3.1 The Issuer shall promptly deliver to the Escrow Agent all funds which it receives from prospective purchasers of the Securities, which funds shall be in the form of checks or wire transfers. Upon the Escrow Agent's receipt of such funds, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to the "City National Bank/SRKP 21, Inc.'s Escrow Account." Any checks payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser.

Appears in 1 contract

Samples: Escrow Agreement (SRKP 1 Inc)

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DEPOSITS TO THE ESCROW ACCOUNT. 3.1 The Issuer shall promptly deliver to the Escrow Agent all funds which it receives from prospective purchasers of the Securities, which funds shall be in the form of checks or wire transfers. Upon the Escrow Agent's receipt of such funds, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to the "City National Bank/SRKP 2Rokwader, Inc.'s Escrow Account." Any checks payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser.

Appears in 1 contract

Samples: Escrow Agreement (Rokwader, Inc.)

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