Deposit of Escrow Funds. By its execution hereof, Recipient acknowledges that the deposit of the Escrow Funds into escrow with Escrow Agent does not confer any rights or claims to the Escrow Funds by Recipient unless all of the conditions in Section 2 above and the conditions as set forth in the Grant Agreement, have been satisfied.
Deposit of Escrow Funds. Escrow Holder acknowledges the receipt from Seller of _________________ Thousand and No/100 Dollars ($____________.00) (the “Escrow Funds”). The Escrow Funds are the property of Guarantor subject to the terms of this Agreement. Escrow Holder shall disburse the Escrow Funds in strict accordance with the terms of this Agreement.
Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Escrow Agreement, the Company will transfer the Escrow Funds in the amount set forth on Schedule A hereto to Escrow Agent, by wire transfer of immediately available funds, to the account of the Escrow Agent referenced on Schedule A hereto. The Escrow Funds shall be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes as set forth in this Escrow Agreement. The Officer and his beneficiaries shall have no preferred claim on, or any beneficial ownership interest in the Escrow Funds. Any rights created under this Escrow Agreement shall be mere unsecured contractual rights of the Officer. The Escrow Funds held by the Escrow Agent will be subject to the claims of the Company’s general creditors under federal and state law in the event of Insolvency.
Deposit of Escrow Funds. Within five (5) business days of the execution and delivery of this Escrow Agreement, Depositor will transfer the Escrow Funds in the amount $_____ by wire transfer of immediately available funds, to an account designated by Escrow Agent.
Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Escrow Agreement, Depositor will transfer the Escrow Funds in the amount of $300,000 (CAD), by wire transfer to an account designated by Escrow Agent.
Deposit of Escrow Funds. Upon execution of a subscription agreement, the Subscribing Stockholder shall have delivered to the Escrow Agent, via check or wire transfer, the sum total equal to the Purchase Price, which sum shall remain in the Client Trust Account at Bank of America, N.A. held for the benefit of the Subscribing Stockholder, to be held and disbursed subject to the terms and conditions of this Agreement.
Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Agreement, Purchaser, on behalf of the Seller Parties, will transfer Escrow Funds in the amount of $19,500,000 (Nineteen Million Five Hundred Thousand Dollars), by wire transfer of immediately available funds, to a segregated account designated by Escrow Agent.
Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Escrow Agreement, Purchaser will transfer the Escrow Funds in the amount of USD Three Million Dollars (USD $3,000,000.00) by wire transfer of immediately available funds, to an account designated by Escrow Agent.
Deposit of Escrow Funds. As provided in Section 1.2 the Development Agreement, prior to and as a condition of award by City of the contract for the construction of the Parking Facility (as that term is defined in the Development Agreement), DJ will deliver to City the sum of Six Million Three Hundred Fifty Thousand Dollars ($6,350,000) less such amounts that have already been paid by DJ to City for the design and construction of the Parking Facility (Escrow Funds) to be held by City in accordance with the terms hereof. Subject to and in accordance with the terms and conditions hereof, City agrees that it shall receive, hold in escrow, invest and reinvest and release or distribute the Escrow Funds. It is hereby expressly stipulated and agreed that all interest, dividends and other earnings on the Escrow Funds shall become a part of the Escrow Funds, and shall be held by City and disbursed as provided in the Development Agreement.
Deposit of Escrow Funds. (a) Upon execution of this Escrow Agreement, Purchaser shall deposit the sum of One Hundred Dollars ($100.00) into an account (the "Escrow Account") established with Escrow Agent. In addition to such initial deposit, Escrow Agent shall receive a monthly amount from Finova Realty Capital, Inc., a Delaware corporation ("FRC") for immediate deposit into the Escrow Account. At all times from and effect the date of this Agreement, Purchaser shall be the sole owner of the Escrow Account.
