Common use of Proceeds to be Escrowed Clause in Contracts

Proceeds to be Escrowed. A copy of the Purchase Agreement is attached as Exhibit A. All amounts provided by the Investors in connection with their acquisition of the Shares and Warrants as set forth in the Purchase Agreement shall be deposited directly with the Escrow Agent in immediately available funds by federal wire transfer, such funds being referred to herein as the “Escrow Funds.” The Escrow Funds shall be retained in escrow by the Escrow Agent in a separate account and invested as stated below.

Appears in 1 contract

Samples: Closing Escrow Agreement (Millennium Quest Inc)

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Proceeds to be Escrowed. A copy of the Purchase Agreement is attached as Exhibit A. All amounts provided by the Investors in connection with their acquisition of the Shares and Warrants Securities as set forth in the Purchase Agreement shall be deposited directly with the Escrow Agent in immediately available funds by federal wire transfer, such funds being referred to herein as the “Escrow Funds.” The Escrow Funds shall be retained in escrow by the Escrow Agent in a separate account and invested as stated below.

Appears in 1 contract

Samples: Closing Escrow Agreement (Intra Asia Entertainment Corp)

Proceeds to be Escrowed. A copy of the Purchase Agreement is attached as Exhibit A. All amounts provided by the Investors in connection with their acquisition of the Shares and Warrants as set forth in the Purchase Agreement shall be deposited directly with the Escrow Agent in immediately available funds by federal wire transfer, such funds being referred to herein as the "Escrow Funds." The Escrow Funds shall be retained in escrow by the Escrow Agent in a separate account and invested as stated below.

Appears in 1 contract

Samples: Closing Escrow Agreement (Point Acquisition Corp)

Proceeds to be Escrowed. A copy of the Purchase Agreement is attached as Exhibit A. All amounts provided by the Investors in connection with their acquisition of the Shares and Warrants Units as set forth in the Purchase Agreement shall be deposited directly with the Escrow Agent in immediately available funds by federal wire transfer, such funds being referred to herein as the “Escrow Funds.” The Escrow Funds shall be retained in escrow by the Escrow Agent in a separate account and invested as stated below.

Appears in 1 contract

Samples: Closing Escrow Agreement (New Paradigm Productions Inc)

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Proceeds to be Escrowed. A copy of the Purchase Agreement is attached as Exhibit A. All amounts provided by the Investors in connection with their acquisition of the Shares and Warrants as set forth in the Purchase Agreement shall be deposited directly with the Escrow Agent in immediately available funds by federal wire transfer, such funds being referred to herein as the “Escrow Funds"ESCROW FUNDS." The Escrow Funds shall be retained in escrow by the Escrow Agent in a separate account and invested as stated below.

Appears in 1 contract

Samples: Closing Escrow Agreement (Bronze Marketing Inc)

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