Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Xxxxx Fargo Bank and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein. No interest will be available to either the purchasers or the Company (since the funds are being held in a non-interest bearing account).
Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bearing bank account at the branch of Washington Mutual Bank or such other bank as selected by the Escrow Agent and reasonably acceptable to the Issuer, and bearing the title set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. The Escrow Agent shall establish a non-interest-bearing bank account at the branch of the Bank selected by the Escrow Agent (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of the Escrow Funds by the Company, and (b) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent maintains a non-interest bearing law firm trust account at the Seminole, Florida branch of Bank of America, titled Law Office of Xxxxxxxx X. Xxxx, P.A. Trust Account IOTA (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for, among other things, (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest-bearing bank account at the branch of Chase Manhattan Bank or such other bank as selected by the Escrow Agent and reasonably acceptable to the Issuer and the Underwriter, and bearing the title set forth on the Information Sheet (heretofore defined as the "Bank Account"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent maintains a non-interest bearing law firm trust account at the Lakewood, Colorado branch of US Bank, N.A., titled Xxxxx X. Xxxxx Trust Account (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for, among other things, (a) the deposit of all subscription monies (checks or wire transfers) which are received by the Issuer from prospective purchasers of the Securities and are delivered by the Issuer to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest bank account at the Los Angeles branch of the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Selling Agents from prospective purchasers of the Securities and are delivered by the Selling Agents to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a non-interest-bearing bank account bearing the designation set forth on the Information Sheet (the "Bank Account") at Compass Bank, Dallas, Texas (the "Bank"). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, bank drafts, money orders or wire transfers) which are received from prospective purchasers of the Securities and are delivered to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.
Establishment of the Bank Account. 2.1 The Escrow Agent shall establish a bank account (the "Bank Account") for the purpose of (a) depositing all subscription monies (checks, cash or wire transfers) which are received by the Escrow Agent from Subscribers (directly, or indirectly from broker/dealers) who have submitted Valid Subscriptions (as defined in Section 3.1), (b) holding subscription monies which are collected through the banking system, and (c) for disbursing collected funds, all as described herein. All broker/dealers must transmit subscription monies directly to the Escrow Agent by noon of the next business day after receipt.
