Common use of Initial Escrow Deposit Clause in Contracts

Initial Escrow Deposit. Simultaneously with the execution and delivery ---------------------- of this Agreement by both parties, Buyer has deposited with Media Services Group, Inc. ("Initial Escrow Agent"), a cash deposit of Five Hundred Thousand Dollars ($500,000) (the "Initial Escrow Deposit"). The Initial Escrow Deposit shall be held in an interest-bearing account and disbursed by Initial Escrow Agent pursuant to the terms of an escrow agreement in the form attached hereto as Exhibit 1 (the "Initial Escrow Agreement"), which Initial Escrow Agreement has been entered into by Seller, Buyer and Initial Escrow Agent simultaneously herewith.

Initial Escrow Deposit. Simultaneously with the execution and delivery ---------------------- of this Agreement by both parties, Buyer has deposited with Media Services Group, Inc. Venture Partners ("Initial Escrow Agent"), a cash deposit of Five Two Hundred Thousand Dollars ($500,000200,000) (the "Initial Escrow Deposit"). The Initial Escrow Deposit shall be held in an interest-bearing account and disbursed by Initial Escrow Agent pursuant to the terms of an escrow agreement in the form attached hereto as Exhibit 1 (the "Initial Escrow Agreement"), which Initial Escrow Agreement has been entered into by Seller, Buyer and Initial Escrow Agent simultaneously herewith.