Receipt of Escrow Amount. By its signature below, the Escrow Agent acknowledges receipt of the Escrow Amount. The Escrow Amount shall be held by the Escrow Agent in a separate account (the “Escrow Account”) maintained for the purposes, and on the terms and subject to the conditions, set forth in this Agreement.
Receipt of Escrow Amount. Upon execution hereof, Buyer shall deliver to the Escrow Agent the amount of Three Million Six Hundred Fifty Thousand and 00/100 Dollars ($3,650,000) (the “Escrow Amount”) in immediately available funds.
Receipt of Escrow Amount. The Investors and/or the Placement Agents will promptly deliver the Subscription Funds to the Escrow Agent following the execution of this Escrow Agreement, in immediately available funds for deposit into the Escrow Account. Subscription Funds so deposited are hereinafter referred to as “Escrow Amounts.” Upon such deposit of any Escrow Amount, the Escrow Agent shall send notice to the Parties confirming receipt of the Escrow Amount. The Escrow Account shall be held in trust and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any Party.
Receipt of Escrow Amount. The Escrow Agent shall have received from Purchaser the Escrow Amount by wire transfer of immediately available same day funds.
Receipt of Escrow Amount. The Escrow Agent hereby acknowledges receipt of the Settlement Escrow Amount and the Employment Agreement Payment Escrow Amount and agrees to hold, invest and disburse the Escrow Fund in accordance with the terms and conditions set forth herein.
Receipt of Escrow Amount. The Escrow Agent will notify the Transaction Parties once it confirms it is in receipt of the Escrow Amount and the Escrow Agent agrees to hold the KE 58197509 Escrow Amount in trust for the benefit of the Transaction Parties pursuant to this Agreement.
Receipt of Escrow Amount. At the Closing, Buyer shall, on behalf of the Seller, deliver the Escrow Amount to Escrow Agent by wire transfer in immediately available funds pursuant to Section 2.4(b)(iii) of the Purchase Agreement. Escrow Agent agrees to accept such sums for deposit in escrow pursuant to the provisions of this Escrow Agreement and agrees to promptly acknowledge to Buyer and Seller its receipt of the Escrow Amount. The Escrow Amount together with any interest, income or profits earned thereon (“Income”) as a result of the investment of the Escrow Amount in accordance with Section 2.2 hereof is hereafter referred to as the “Escrow Fund”. 2.2
Receipt of Escrow Amount. Upon execution hereof, MathStar shall deliver to the Escrow Agent the Escrow Amount in immediately available funds.
Receipt of Escrow Amount. Concurrently with the Closing, Buyer shall deliver to the Escrow Agent the Escrow Amount, by wire transfer of immediately available funds, to be held in a segregated account maintained and established by the Escrow Agent on the terms and subject to the conditions set forth in this Escrow Agreement (the “Escrow Account”).
Receipt of Escrow Amount. As soon as practicable after the deposit of the Escrow Amount by Buyer pursuant to Section 1.1, the Escrow Agent shall acknowledge receipt of the Escrow Amount. The Escrow Amount will be held and disbursed by the Escrow Agent in accordance with the terms hereof.
