Common use of Escrow Period Clause in Contracts

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds and the Issuer has instructed a closing on those funds.; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until such funds are cleared and the Issuer instructs the disbursement of funds.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held terminate, in the Escrow Account for the benefit of Subscriberswhole or in part, as applicable, upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of the Maximum Amount of the Offering that have cleared in the Escrow Account and the Issuer has and/or Broker instructed a partial or full closing on those funds.; or c. b. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. c. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer is not nor the Broker are entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer Issuer, Broker or any other entitythird-party, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entitykind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds Subscribers in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, terminate upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or c. 2. if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Offering Amount that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or b. [·] if the Minimum Amount of the Offering has not been reached; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, terminate upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or c. 2. October 30, 2019 if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. 5. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, terminate upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or c. 2. December 31, 2017 if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. 5. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, terminate upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or b. 2021 if the Minimum Amount of the Offering has not been reached; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Offering Amount that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or c. b. The date upon which a determination is made by Issuer and/or their authorized representatives, to terminate the Offering; or. d. c. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held terminate in the Escrow Account for the benefit of Subscribers, whole or in part upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, and the Issuer has instructed a partial or full closing on those funds.; or b. if the Minimum Amount of the Offering has not been reached by the end of the Regulation A offering period of 12-months; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds Escrow Amount will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into (iii) the Escrow Account Amount shall become the property of Issuer or any other entitythird-party, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entitykind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds Subscribers in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held terminate in the Escrow Account for the benefit of Subscribers, whole or in part upon the earlier to occur of the following: a. [●]The date upon which Escrow Agent has received the Escrow Amount cleared in the Escrow Account and the Issuer instructed a partial or full closing on those funds, provided, however, that the Escrow Amount does not exceed the Maximum Amount of the Offering.; or b. The date which is twelve months _____________________ from the date of qualification of this the Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds and the Issuer has instructed a closing on those funds.; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds Escrow Amount will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into (iii) the Escrow Account Amount shall become the property of Issuer or any other entitythird-party, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entitykind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds Subscribers in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held terminate, in the Escrow Account for the benefit of Subscriberswhole or in part, as applicable, upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Amount of the Offering is receivedany amount, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received any gross proceeds that have cleared in the Escrow Account and the Issuer and/or Broker has instructed a partial or full closing on those funds.; or c. b. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. c. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) neither Issuer is not nor the Broker are entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer Issuer, Broker, the Selling Shareholders or any other entitythird-party, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entitykind, until the such funds are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, terminate upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or b. if the Minimum Amount of the Offering has not been reached; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held in the Escrow Account for the benefit of Subscribers, terminate upon the earlier to occur of the following: a. [●], the date which is twelve months from date of qualification of this Offering by the Securities and Exchange Commission; or b. 1. The date upon which the Maximum Minimum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds funds, which is defined to occur when Escrow Agent has received gross proceeds of at least Minimum Amount of the Offering that have cleared in the Escrow Account and the Issuer has instructed a partial or full closing on those funds.; or c. 2. _________if the Minimum Amount of the Offering has not been reached; or 3. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. 4. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds investors in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.

Escrow Period. The escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall be held terminate in the Escrow Account for the benefit of Subscribers, whole or in part upon the earlier to occur of the following: a. [●]The date upon which Escrow Agent has received the Escrow Amount cleared in the Escrow Account and the Issuer instructed a partial or full closing on those funds, provided, however, that the Escrow Amount does not exceed the Maximum Amount of the Offering.; or b. The date which is twelve three years and six months from the date of qualification of this the Offering by the Securities and Exchange Commission; or b. The date upon which the Maximum Amount of the Offering is received, in bona fide transactions that are fully paid for with cleared funds and the Issuer has instructed a closing on those funds.; or c. The date upon which a determination is made by Issuer and/or their authorized representatives, representatives to terminate the Offering; or. d. Escrow Agent’s exercise of the termination rights specified in Section 8. During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds Escrow Amount will be held for the benefit of the Subscribers, and that (ii) Issuer is not entitled to any funds received into the Escrow Account, and that no amounts deposited into (iii) the Escrow Account Amount shall become the property of Issuer or any other entitythird-party, or be subject to any debts, liens or encumbrances of any kind of Issuer or any other entitykind, until the contingency has been satisfied by the sale of the Minimum Amount of the Offering to such funds Subscribers in bona fide transactions that are cleared fully paid and the Issuer instructs the disbursement of fundscleared.