Common use of Establishment of the Bank Account Clause in Contracts

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank of the West and bearing the title set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank of the West and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and which are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, system and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank of the West and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, system and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and which are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, system and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Prosperity Bank and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash cash, or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank of America and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 2.1. The Escrow Agent shall establish a non-interest bearing bank account at the a branch of Xxxxx Fargo XX Xxxxxx Chase Bank NA selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer Escrow Agent from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow AgentSecurities, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo the Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). While the funds are on deposit, the Escrow Agent may earn bank credits or other consideration. The purpose of the Bank Account is for (a) the deposit of all subscription purchase price monies (checks, cash or wire transfers) from the Purchasers which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription purchase price monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo the Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities Units and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank of America and bearing the title set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the ““ Bank AccountAccount ”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, system and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo Bank and bearing the title designation set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 3.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo the Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet Subscription Agreement (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers subscribers of the Securities Offering and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank JX Xxxxxx Cxxxx selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transferstransfers only) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo the Bank selected by the Escrow Agent and bearing the title designation set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash bank drafts, money orders or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo the Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “"Bank Account”"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer Purchasers to the Escrow AgentAgent in connection with their purchase of Preferred Shares, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo the Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).

Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest interest-bearing bank account at the branch of Xxxxx Fargo Bank selected by the Escrow Agent, and bearing the title designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash checks or wire transfers) which are received by the Issuer Platforms from prospective purchasers of the Securities and are delivered by the Issuer Platform to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, system and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).