Common use of No Escrow Clause in Contracts

No Escrow. The proceeds of this offering will not be placed into an escrow account. As there is no minimum offering, upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds.

Appears in 189 contracts

Sources: Subscription Agreement (Havana Roasters Coffee Companies, Inc.), Subscription Agreement (Bowmo, Inc.), Subscription Agreement (Stellar Spirits & Wines, Inc.)

No Escrow. The proceeds of this offering will not be placed into an escrow account. As there is no minimum offering, upon Upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds.

Appears in 12 contracts

Sources: Subscription Agreement (Blue Star Foods Corp.), Subscription Agreement (Global Interchange, Inc.), Subscription Agreement (TriMark Power Corp)

No Escrow. The proceeds of this offering will not be placed into an escrow account. As there is no minimum offering, upon the approval delivery of any subscription the Funds by Subscriber and the delivery of the Shares to this Offering Circularthe Subscriber, the Company shall may immediately deposit said the proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of ProceedsProceeds as set forth in the Offering Circular.

Appears in 1 contract

Sources: Subscription Agreement (RespireRx Pharmaceuticals Inc.)