Common use of Security Escrow Amount Clause in Contracts

Security Escrow Amount. (a) On the Closing Date, Purchaser shall deliver to the Security Escrow Agent by wire transfer of immediately available funds (to account number ____________________ of the Security Escrow Agent (the "Security Escrow Account")) the amount of $3,225,600 (the "Security Escrow Amount"), accompanied by written notice from Purchaser identifying such amount as an amount being delivered for deposit into the Security Escrow Account. The Security Escrow Agent shall acknowledge to Purchaser the Security Escrow Agent's receipt of said amount. (b) The Security Escrow Amount, not including the interest and other investment (c) The Security Escrow Agent shall hold the balance of the Security Escrow Amount (the "Security Escrowed Funds") in escrow and shall not withdraw the Security Escrowed Funds from the Security Escrow Account or use the Security Escrowed Funds for any other purpose, except as provided in this Agreement.

Security Escrow Amount. (a) On the Closing Date, Purchaser shall deliver to the Security Escrow Agent by wire transfer of immediately available funds (to account number [____________________ ] of the Security Escrow Agent (the "Security Escrow Account")) the amount of $3,225,600 8,000,000 (the "Security Escrow Amount"), accompanied by written notice from Purchaser identifying such amount as an amount being delivered for deposit into the Security Escrow Account. The Security Escrow Agent shall acknowledge to Purchaser the Security Escrow Agent's receipt of said amount. (b) The Security Escrow Amount, not including the interest and other investment (c) The Security Escrow Agent shall hold the balance of the Security Escrow Amount (the "Security Escrowed Funds") in escrow and shall not withdraw the Security Escrowed Funds from the Security Escrow Account or use the Security Escrowed Funds for any other purpose, except as provided in this Agreement.