Common use of Release of Funds Clause in Contracts

Release of Funds. (a) The Escrow Agent shall release the Escrow Amount and the Certificates upon receipt, at any time, of joint written instructions from the Company and the Purchaser directing the manner in which the return or other distribution of the funds in the Escrow Amount and the Certificate is to be made.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Flightserv Com), Common Stock Purchase Agreement (Flightserv Com)

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Release of Funds. (a) The Escrow Agent shall release the Escrow Amount and the Certificates and the Warrants upon receipt, at any time, of joint written instructions from the Company and the Purchaser directing the manner in which the return or other distribution of the funds in the Escrow Amount and the Certificate is Certificates and the Warrants are to be made.

Appears in 1 contract

Samples: Escrow Agreement (Xybernaut Corp)

Release of Funds. (a) The Escrow Agent shall release the Escrow Amount and the Certificates upon receipt, at any time, of joint written instructions from the Company and the Purchaser Purchasers directing the manner in which the return or other distribution of the funds Escrow Amount and the Certificate are to be made. (b) Immediately following notification to the Escrow Agent in writing by the Company and the Purchasers that each Closing has occurred, the Company shall be paid the Escrow Amount and the Certificate is to be madePurchasers shall receive the Certificates.

Appears in 1 contract

Samples: Escrow Agreement (Digital Descriptor Systems Inc)

Release of Funds. (a) The Escrow Agent shall release the Escrow Amount Amount, after deduction of the amounts specified in section (b) below, and the Certificates and the Warrants upon receipt, at any time, of joint written instructions from the Company and the Purchaser Purchasers directing the manner in which the return or other distribution of the funds in the Escrow Amount and the Certificate is Certificates and the Warrants are to be made.

Appears in 1 contract

Samples: Form of Escrow Agreement (Xybernaut Corp)

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Release of Funds. (a) The Escrow Agent shall release the Escrow Amount and the Certificates and Warrants upon receipt, at any time, of joint written instructions from the Company and the Purchaser Purchasers directing the manner in which the return or other distribution of the funds in the Escrow Amount and the Certificate is Certificates and Warrants are to be made.

Appears in 1 contract

Samples: Securities Purchase Agreement (Starbase Corp)

Release of Funds. (a) The Escrow Agent shall release the Escrow Amount and the Certificates upon receipt, at any time, of joint written instructions from the Company and the Purchaser Purchasers directing the manner in which the return or other distribution of the funds in the Escrow Amount and the Certificate is Certificates are to be made.

Appears in 1 contract

Samples: Escrow Agreement (Xybernaut Corp)

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