Purpose Hereof Clause Samples
The "Purpose Hereof" clause defines the main objective or intent behind the agreement or a specific section of the contract. It typically outlines what the parties aim to achieve through their arrangement, such as establishing a business relationship, facilitating a transaction, or setting the framework for collaboration. By clearly stating the purpose, this clause helps ensure that all parties share a mutual understanding of the contract’s goals, reducing the risk of misunderstandings or disputes about the agreement’s scope and intent.
Purpose Hereof. The Bank, the Managing General Partner (for itself and the Partnership) and the Dealer Manager hereby enter into this Escrow Agreement.
Purpose Hereof. In order to facilitate the purchase of the Shares, FPC shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to FPC until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, OPI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to OPI until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, JSI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to JSI until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, MPI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to MPI until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, ASC shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to ASC until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, GHI shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with MLF, and MLF shall hold the Escrow Funds and not release them to GHI until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, DMS shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to DMS until such time as is described below.
Purpose Hereof. In order to facilitate the purchase of the Shares, WOTN shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to WOTN until such time as is described below.