Common use of TERMS OF THE ESCROW Clause in Contracts

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units as contemplated by the Purchase Agreement.

Appears in 4 contracts

Samples: Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc)

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TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Preferred Shares as contemplated by the Purchase Agreement.

Appears in 4 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Ortec International Inc), Escrow Agreement (Edgewater Foods International, Inc.), Escrow Agreement (Edgewater Foods International, Inc.)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 4 contracts

Samples: Registration Rights Agreement (Famous Fixins Inc), Registration Rights Agreement (Famous Fixins Inc), Registration Rights Agreement (Famous Fixins Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units as contemplated by the Purchase AgreementSecurities.

Appears in 3 contracts

Samples: Escrow Agreement (Hepalife Technologies Inc), Agreement (Galagen Inc), Convertible Debenture Escrow Agreement (Criticare Systems Inc /De/)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units $1,100,000 principal amount of Convertible Debentures and the Warrants as contemplated by the Purchase Agreement.

Appears in 3 contracts

Samples: Registration Rights Agreement (Calypte Biomedical Corp), Escrow Agreement (Calypte Biomedical Corp), Escrow Agreement (Calypte Biomedical Corp)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Shares as contemplated by the Purchase Agreement.

Appears in 3 contracts

Samples: Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds and the February Debentures for the purchase of the Units Convertible Debentures and Warrants at the Closing as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: And Warrants Purchase Agreement (Famous Fixins Inc), Registration Rights Agreement (Famous Fixins Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to $7,000,000, in the Units aggregate, of Common Stock and Warrants as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (L & L International Holdings, Inc), Escrow Agreement (L & L International Holdings, Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, in the Units aggregate, of the Debentures and the Warrants at the Closings as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Smartire Systems Inc), Escrow Agreement (Smartire Systems Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Common Stock and Warrants as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Xfone Inc), Escrow Agreement (Xfone Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Convertible Debentures and Warrants at the Closing as contemplated by the Securities Purchase Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Peak Entertainment Holdings Inc), Securities Purchase Agreement (Peak Entertainment Holdings Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to $10,000,000 in the Units aggregate of Debentures and Warrants as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Vistula Communications Services Inc), Registration Rights Agreement (Tarrant Apparel Group)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units 4,300 shares of Convertible Preferred Stock and the Warrants at the Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Professional Transportation Group LTD Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Preferred Stock and the Warrants at the Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Juhl Wind, Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for Funds to secure the purchase of the Units as contemplated by the Purchase Agreement.Notes;

Appears in 1 contract

Samples: Settlement Agreement and Release (Peak Entertainment Holdings Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Securities as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Dolce Ventures, Inc)

TERMS OF THE ESCROW. 1.1Section 1.6. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units $1,500,000 principal amount of Notes and the Warrants at the Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Waverider Communications Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent (i) shall hold the funds for the purchase of the Units initial 600,000 Shares and the Warrants at the first Closing as contemplated by the Purchase Agreement and (ii) shall hold the funds for the purchase of the remaining 600,000 Shares at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Focus Enhancements Inc)

TERMS OF THE ESCROW. 1.12.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase exercise of the Units as contemplated by Warrants and the Purchase Agreementshares of Common Stock issuable upon exercise of the Warrants and Conversion of the Debentures.

Appears in 1 contract

Samples: Forbearance and Escrow Agreement (Smartire Systems Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds and Common Stock Certificates for the purchase of the Units $1,000,000 principal amount of Convertible Debentures and Warrants at the Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Worldwide Wireless Networks Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of $1,500,000 principal amount of Convertible Debentures and the Units Warrants at the Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (McGlen Internet Group Inc)

TERMS OF THE ESCROW. 1.1. 4.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds Purchase Price for the purchase of the Units Shares as contemplated by the Purchase Agreementhereunder.

Appears in 1 contract

Samples: Private Stock Purchase and Escrow Agreement (Global Med Technologies Inc)

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TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Preferred Stock and the Warrants at the Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Global Med Technologies Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Convertible Debentures at the Closing as contemplated by the Purchase Agreement, and shall hold the relevant documents.

Appears in 1 contract

Samples: Escrow Agreement (Teleservices International Group Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Purchased Shares and the Warrants at each Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Atlantic Technology Ventures Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Debentures and the Warrants as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Cyberdefender Corp)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units $750,000 principal amount of Convertible Debentures and the Warrants at the Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (World Wide Wireless Communications Inc)

TERMS OF THE ESCROW. 1.1. Section 8.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Shares as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Bond Laboratories, Inc.)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent (i) shall hold the funds for the purchase of the Units initial 1,166,667 Shares and the Warrants at the first Closing as contemplated by the Purchase Agreement and (ii) shall hold the funds for the purchase of the next 1,166,667 Shares at the second Closing, all as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Vfinance Com)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of $2,000,000 principal amount of Convertible Debentures and the Units Warrants at the Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Aquis Communications Group Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units as contemplated by the Purchase Subscription Agreement.

Appears in 1 contract

Samples: Escrow Agreement (SP Holding CORP)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the closing documents described herein pending the Lender's delivery of the funds for the purchase of $500,000 principal amount of Convertible Debentures and the Units Warrants at the Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Pawnbroker Com Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units as contemplated by Convertible Debentures and the Purchase AgreementWarrants at the Closing.

Appears in 1 contract

Samples: Registration Rights Agreement (Famous Fixins Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold receive the funds for certificates representing the purchase of Common Stock and the Units Warrants, and certain other closing documents specified herein at the Closing as contemplated by the Purchase AgreementAgreement and notify the Investors of such receipt.

Appears in 1 contract

Samples: Escrow Agreement (Bionutrics Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Units Common Stock and Warrants as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Xfone Inc)

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