Escrow of Funds. Pursuant to the Escrow Agreement, a copy of which is attached hereto as Exhibit "B" (the "ESCROW AGREEMENT"), executed by the Company, the Agent and the escrow agent (the "ESCROW AGENT"), the Investor shall place all funds for purchase of Securities and the Company will place the Securities for each Closing in an escrow account set up by the Escrow Agent. Upon each Closing, Escrow Agent shall release the subscription funds to the Company and the certificates representing the Securities shall be released by the Company to the Investor (the "CLOSING").
Appears in 3 contracts
Samples: Placement Agency Agreement (Bioshield Technologies Inc), Placement Agency Agreement (Bioshield Technologies Inc), Placement Agency Agreement (Bioshield Technologies Inc)
Escrow of Funds. Pursuant to the Escrow Agreement, a copy of which is attached hereto as Exhibit "B" (the "ESCROW AGREEMENT"), executed by the Company, the Agent and the escrow agent (the "ESCROW AGENT"), the Investor shall place all funds for purchase of Securities and the Company will place the Securities for each the Closing in an escrow account set up by the Escrow Agent. Upon each the Closing, Escrow Agent shall release the subscription funds to the Company and the certificates representing the Securities shall be released by the Company to the Investor (the "CLOSING").
Appears in 3 contracts
Samples: Placement Agency Agreement (Homecom Communications Inc), Placement Agency Agreement (Homecom Communications Inc), Placement Agency Agreement (Homecom Communications Inc)
