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.
Appears in 4 contracts
Samples: Stock Escrow Agreement (Spirit International, Inc.), Stock Escrow Agreement (Spirit International, Inc.), Stock Escrow Agreement (Computron, Inc.)