Common use of Escrow and Settlement Clause in Contracts

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 20 contracts

Samples: Letter Agreement (Ability Inc.), Letter Agreement (Oramed Pharmaceuticals Inc.), Letter Agreement (Apricus Biosciences, Inc.)

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Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 9 contracts

Samples: Letter Agreement (Bio-Path Holdings Inc), Letter Agreement (Bio-Path Holdings Inc), Letter Agreement (Bio-Path Holdings Inc)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx Rxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Rxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Rxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Rxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Rxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 8 contracts

Samples: Letter Agreement (Cel Sci Corp), Letter Agreement (Eyegate Pharmaceuticals Inc), Letter Agreement (Medical Transcription Billing, Corp)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 4 contracts

Samples: Letter Agreement (Capstone Therapeutics Corp.), Letter Agreement (China Jo-Jo Drugstores, Inc.), Letter Agreement (Can-Fite BioPharma Ltd.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”)payment, Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 2 contracts

Samples: Letter Agreement (Microbot Medical Inc.), Letter Agreement (Microbot Medical Inc.)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost provided however that such costs shall not exceed $10,00010,000 per Offering.

Appears in 2 contracts

Samples: Letter Agreement (Kitov Pharma Ltd.), Letter Agreement (Kitov Pharma Ltd.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 2 contracts

Samples: Letter Agreement (Intellipharmaceutics International Inc.), Letter Agreement (Intellipharmaceutics International Inc.)

Escrow and Settlement. In respect of each an Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the an Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 2 contracts

Samples: Letter Agreement (Intellipharmaceutics International Inc.), Letter Agreement (Intellipharmaceutics International Inc.)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Can-Fite BioPharma Ltd.)

Escrow and Settlement. In respect of each an Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Stellar Biotechnologies, Inc.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (DelMar Pharmaceuticals, Inc.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (DelMar Pharmaceuticals, Inc.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (CASI Pharmaceuticals, Inc.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Xxxxxxxxxx'x clearing agent, pursuant to which Xxxxxxxxxx’x Xxxxxxxxxx'x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment ("DVP"), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Opgen Inc)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,00012,900.

Appears in 1 contract

Samples: Letter Agreement (Diffusion Pharmaceuticals Inc.)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent or the clearing agent, as applicable, and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such escrow agent or clearing agent settlement and financing, if anyas applicable, which cost shall not exceed $10,0005,000 with respect to the escrow agent or $10,000 with respect to the clearing agent.

Appears in 1 contract

Samples: Letter Agreement (Neuralstem, Inc.)

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Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost provided however that such costs shall not exceed $10,00010,000 per Offering.

Appears in 1 contract

Samples: Letter Agreement (Kitov Pharmaceuticals Holdings Ltd.)

Escrow and Settlement. In respect of each the Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Opgen Inc)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Ohr Pharmaceutical Inc)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Xxxxxxxxxx'x clearing agent, pursuant to which Xxxxxxxxxx’x Xxxxxxxxxx'x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment ("DVP"), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed of $10,000.

Appears in 1 contract

Samples: Letter Agreement (Cytrx Corp)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost up to $10,000 of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Cancer Genetics, Inc)

Escrow and Settlement. In respect of each non-underwritten Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the any Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the such escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Citius Pharmaceuticals, Inc.)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx Wxxxxxxxxx shall enter into an escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x Wxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x Wxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx Wxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx Wxxxxxxxxx for the actual out-of-pocket cost up to $10,000 of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Cancer Genetics, Inc)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an a mutually-acceptable escrow agreement with a third party escrow agent, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for up to $10,000 of the actual out-of-out of pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Mannkind Corp)

Escrow and Settlement. In respect of each Offering, the Company and Xxxxxxxxxx shall enter into an escrow agreement with a third party escrow agentagent reasonably acceptable to Company, which may also be Xxxxxxxxxx’x clearing agent, pursuant to which Xxxxxxxxxx’x compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via delivery versus payment (“DVP”), Xxxxxxxxxx shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall bear the cost of the escrow agent and shall reimburse Xxxxxxxxxx for the actual out-of-pocket cost of such clearing agent settlement and financing, if any, which cost shall not exceed $10,000.

Appears in 1 contract

Samples: Letter Agreement (Trovagene, Inc.)

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