Deposit and Escrow Agreement Sample Clauses

Deposit and Escrow Agreement. Simultaneously with its execution of this Agreement, the Company shall place in escrow (by wire transfer of immediately available federal funds) with First American Title Insurance Company (the "TITLE COMPANY") the sum of Two Hundred Thousand and No/100 Dollars ($200,000.00), representing an initial deposit (the "INITIAL DEPOSIT"), to be held in accordance with an Escrow Agreement (the "ESCROW AGREEMENT") in the form attached hereto as Exhibit 2.2. Concurrently with the execution of this Agreement, Owner, the Company and the Title Company shall enter into the Escrow Agreement. Provided that this Agreement has not been terminated by the Company on or before the expiration of the Study Period, then within two (2) Business Days after the expiration of the Study Period the Company shall place in escrow (by wire transfer of immediately available federal funds) the sum of One Hundred Seventy-Five Thousand and No/100 Dollars ($175,000.00), representing an additional deposit (the "ADDITIONAL DEPOSIT"; the Initial Deposit and the Additional Deposit, together with accrued interest thereon, are herein referred to as the "DEPOSIT"). The Deposit shall be disbursed by the Title Company in accordance with the terms and conditions of this Agreement and the Escrow Agreement
Sample 1Sample 2
AutoNDA by SimpleDocs
Deposit and Escrow Agreement. Upon execution of this Agreement, the Investor shall deliver by wire transfer the amount of US $200,000 (the “Deposit”) as a deposit for its performance under this Agreement. In exchange for the Deposit, the Company will issue 666,667 shares of Common Stock to the Investor (the “Escrow Shares”), which shares will be held by Weycer, Kaplan, Pulaski & Xxxxx, P.C., a Texas professional corporation (the “Escrow Agent”) pursuant to the terms of an Escrow Agreement, which is attached to this Agreement as Exhibit “B”. Notwithstanding any other provision of this Agreement or the Escrow Agreement, under no circumstances shall the Company have any obligation to return the cash amount of the Deposit to the Investor.
Sample 1
Deposit and Escrow Agreement. Within three (3) Business Days after ---------------------------- the Effective Date, the Acquirer shall place in escrow with Chicago Title Insurance Company the sum of Five Hundred Thousand Dollars ($500,000), representing a deposit (the deposit, together with accrued interest thereon, are herein referred to as the "Deposit"), to be held in accordance
Sample 1
Deposit and Escrow Agreement. Within three (3) Business Days after the Effective Date, the Partnership shall place in escrow with First American Title Insurance Company (the “Title Company”) the sum of Twenty Thousand Dollars ($20,000), representing the deposit to be held in accordance with an Escrow Agreement (the “Escrow Agreement”) substantially in the form attached hereto as Exhibit 2.2. Such deposit together with accrued interest thereon shall be herein referred to as the “Deposit.” The Deposit shall be disbursed by the Title Company in accordance with the terms and conditions of this Agreement and the Escrow Agreement.
Sample 1
Deposit and Escrow Agreement. Within three (3) Business Days after the Effective Date, the Company shall place in escrow with First American Title Insurance Company (the “Title Company”) the sum of Twenty-Five Thousand and 00/100 Dollars ($25,000.00), representing an initial deposit, to be held in accordance with an Escrow Agreement (the “Escrow Agreement”) substantially in the form attached hereto as Exhibit 2.2. Within five (5) Business Days after the expiration of the Study Period, unless this Agreement is terminated, the Company shall deliver an additional Twenty-Five Thousand and 00/100 Dollars ($25,000.00), representing an additional deposit (the initial deposit and the additional deposit, together with accrued interest thereon, are herein referred to as the “Deposit”). The Deposit shall be disbursed by the Title Company in accordance with the terms and conditions of this Agreement and the Escrow Agreement.
Sample 1
Deposit and Escrow Agreement. Concurrently with the execution of this Agreement by Buyer and Seller, Buyer shall deliver to Chase Bank, N.A., (the “Escrow Agent”), a performance guarantee deposit in the amount of five percent (5%) of the Base Price (the “Deposit”) pursuant to the terms of the Escrow Agreement substantially in the form attached hereto as Exhibit I (the “Escrow Agreement”). The Deposit shall be paid by Buyer to the Escrow Agent by means of a completed federal funds transfer to the account designated in the Escrow Agreement (the “Escrow Account”). In the event Closing occurs, the Deposit shall be reclassified to become the “Holdback Amount” and the Holdback Amount and the interest earned thereon shall be retained by the Escrow Agent until distributed as provided for herein. The Holdback Amount shall be held in the Escrow Account by way of security against all obligations of Seller with respect to Title Defects asserted prior to the end of the Post Closing Examination Period. If not done sooner, on February 1, 2012 (the “Title Defect Settlement Date”) the Parties shall jointly instruct the Escrow Agent to distribute to Buyer from the Escrow Account any amounts due as refunds for Title Defects. Concurrently, the Parties shall jointly instruct the Escrow Agent to release to Seller any monies remaining in the Escrow Account after paying to Buyer an amount equal to all sums due for Title Defects, unless, as of such date, there are unresolved Title Defects. To the extent there are unresolved Title Defects, the Escrow Agent shall retain the aggregate asserted value of unresolved Title Defects. As each Title Defect is resolved the Parties shall jointly instruct the Escrow Agent to distribute funds relating to such Title Defect to the Party and in the amount as directed by the Parties.
Sample 1
Deposit and Escrow Agreement. On the date of this Agreement, Buyer shall post with Escrow Agent the Deposit. At Closing, the Deposit shall be applied against the Purchase Price. Interest and any other income earned from the investment of the Deposit shall be paid to the Party entitled to receive the Deposit pursuant to this Agreement and the Escrow Agreement and, if paid to Seller, shall also be applied against the Purchase Price.
Sample 1
AutoNDA by SimpleDocs

Related to Deposit and Escrow Agreement

  • Escrow Agreement Purchaser and the Escrow Agent shall have executed and delivered the Escrow Agreement.

  • Escrow Agreements The parties hereto agree that, to the extent required by applicable law, they shall enter into and file with appropriate jurisdictions any escrow agreements or similar contractual arrangements with respect to the taxes covered by this Agreement. The terms of such agreements shall, to the extent set forth therein, and with respect to the parties thereto, prevail over the terms of this Agreement.

  • Indemnity Escrow Agreement Sellers shall have executed and delivered to Buyer the Indemnity Escrow Agreement.

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Indemnification Escrow Agreement A counterpart of the Indemnification Escrow Agreement executed by Buyer;

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • Establishment of Escrow Accounts; Deposits in Escrow Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts. The creation of any Escrow Account shall be evidenced by Escrow Account Letter Agreement in the form of Exhibit 8.

  • Deposit of Escrow Securities On or before the Closing Date, the Initial Holders shall deliver to the Escrow Agent certificates representing their respective Escrow Securities, in proper transfer order with Medallion guaranteed stock powers, to be held and disbursed subject to the terms and conditions of this Agreement. The Initial Holders acknowledge and agree that the certificates representing the Escrow Securities will bear a legend to reflect the deposit of such Escrow Securities under this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.