Deposit of Escrow Property. On the date hereof, Purchaser has deposited with Escrow Agent, in immediately available funds, the amount of $100,000 (the "Escrow Deposit"), and Escrow Agent hereby acknowledges receipt of the Escrow Deposit and agrees to hold the Escrow Property in an interest bearing account established with Escrow Agent (the "Escrow Account"), and to administer the Escrow Property in accordance with the terms of this Agreement.
Deposit of Escrow Property. AHR has caused to be deposited with ----------------------------- the Escrow Agent 3,196,873 shares of restricted common stock of New Horizon Education, Inc. in connection with the purchase of shares of Common Stock pursuant to that certain Agreement and Plan of Reorganization by and between the Sellers and Purchasers identified therein dated as of the date hereof (the "AGREEMENT"). --------- Upon exercise of a purchase option by AHR, Phase One will deposit with the Escrow Agent 12,867,400 shares of restricted New Horizon Education, Inc. common stock held in the name of Phase One pursuant to that certain Agreement. The Escrow Property consists of the 3,196,873 shares of restricted common stock of New Horizon in the name of AHR and, if the option is exercised, 12,867,400 shares of restricted common stock of New Horizon in the name of Phase One, (the "ESCROW PROPERTY"). ----------------
Deposit of Escrow Property. Depositor will transfer the Escrow Property by wire transfer of immediately available funds, to an account designated by Escrow Agent. Escrow Property shall remain uninvested except as provided in Section 7.
Deposit of Escrow Property. Concurrently with the execution and delivery of this Agreement, BTSL shall deliver or cause to be delivered to the Escrow Agent, in accordance with the terms of the Agreement, the Escrow Property to be held and disbursed in accordance with the terms hereof. The Escrow Agent will not distribute any of the Escrow Property except as and in the manner expressly provided for in this Escrow Agreement.
Deposit of Escrow Property. On June 26, 2012, the Company shall issue the shares of common stock, par value $0.01, of the Company listed on the attached Schedule III (the “Escrow Shares”) in the name of “Embassy & Co.” as nominee for the Escrow Agent, which shares shall be registered on the books of the Transfer Agent, and shall deliver to the Escrow Agent a statement evidencing such issuance, and the Escrow Agent shall hold and administer the Escrow Shares (said Escrow Shares, together with any dividends and other distributions therefrom or proceeds thereof received by the Escrow Agent, collectively, the “Escrow Property”) subject to the terms of this Agreement. The Escrow Agent shall have no responsibility for the genuineness, validity, market value, title or sufficiency for any intended purpose of the Escrow Property.
Deposit of Escrow Property. (a) Simultaneously with the execution and delivery of this Escrow Agreement, Parent, on behalf of the Representative, will transfer $[ ], by wire transfer of immediately available funds, to an account designated by Escrow Agent (the “Initial Escrow Cash”). After the Closing of the transaction contemplated by the Merger Agreement and upon receipt by Parent, Surviving Company or any of their Affiliates of any Terumo TSA Payment, then Parent shall promptly deposit, or cause to be deposited, the amount of each such Terumo TSA Payment into the Escrow Account (such amounts, together with the Initial Escrow Cash the “Escrow Cash”).
Deposit of Escrow Property. Each of the Parties agrees and acknowledges that (i) concurrent with the execution and delivery of this Agreement, Parent shall deliver certificates to the Escrow Agent representing the Escrow Shares, in the amounts set forth opposite each Shareholder’s name on Schedule A hereto and (ii) thereafter, Parent shall be authorized and shall deliver to the Escrow Agent for deposit into the Escrow, any Escrow Share Distribution.
Deposit of Escrow Property. THoldings has caused to be deposited with the Escrow Agent and to be held at her office (1322 W. Pachua Circle Ivins, UT 84738) the amount of _30,000,000 ( thirty million)________________________ restricted common shares of THoldings, and TShare has caused to be deposited with the Escrow Agent and to be held at her office (1322 W. Pachua Circle Ixxxx, UT 84738) the amount of __2,000,000 (two million)____________________ restricted common shares of TShare which represents 100% of the issued and outstanding shares of TShare, (collectively, the “Escrow Property”) in connection with:
Deposit of Escrow Property. Contemporaneously with the execution and delivery of this Agreement, the Trustee will direct Alcatel to deliver to the Escrow Agent, on behalf of the Company Stockholders and in accordance with their respective Pro Rata Interests as set forth on EXHIBIT A hereto (the "Pro Rata Interests") (x) an American depositary receipt representing 900,000 ADSs (the "Initial Indemnification Escrow Property" and, collectively with the Additional Escrow Property (as hereinafter defined) relating thereto, the "Indemnification Escrow Property"), and (y) an American depositary receipt representing 100,000 ADSs (the "Initial Section 6.10 Escrow Property" and, collectively with the Additional Escrow Property relating thereto, the "Section 6.10 Escrow Property"; the Indemnification Escrow Property and the Section 6.10 Escrow Property are hereinafter collectively referred to as the "Escrow Property").
Deposit of Escrow Property. Upon the execution hereof by the Parties and Escrow Agent, Parent shall deliver, or cause to be delivered, to the Escrow Account the amount of $10,000,000 (the “Escrow Amount”), in cash by wire transfer of immediately available funds. The Escrow Agent hereby accepts and agrees to hold the Escrow Property (as defined below) in the Escrow Account and to not distribute or release any portion thereof except in accordance with the provisions of this Escrow Agreement.
