Common use of Deposits in the Escrow Account Clause in Contracts

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer shall promptly deposit all monies received from investors with the Escrow Agent. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to Escrow Agent. Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchasers, or if the Escrow Agent has insufficient information to do so, then to the Issuer (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) business days following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securities.

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer Company shall promptly deposit all monies received from investors with to the Escrow Agent. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to "_______________Bank, Escrow Agent". Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserspurchaser, or if the Escrow Agent has insufficient information to do so, then to the Issuer Company (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) by noon of the next business days day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securitiesSecurities.

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer shall promptly deposit all monies received from investors with to the Escrow Agent. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to "______________________, Escrow Agent". Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserspurchaser, or if the Escrow Agent has insufficient information to do so, then to the Issuer (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) by noon of the next business days day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securities.

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer shall promptly deliver to the Escrow Agent, and the Escrow Agent shall deposit into the Escrow Account, all monies received from investors with the Escrow Agentinvestors. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to Escrow Agent. Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserspurchasers of Shares, or if the Escrow Agent has insufficient information to do so, then to the Issuer (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) business days following receipt of such check or money order by the Escrow Agent, and such check or money order shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securitiesShares.

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer shall promptly deposit all monies received from investors with to the Escrow Agent. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to Escrow Agent"Banner Holding Corp. and Citibank, N.A.". Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserspurchaser, or if the Escrow Agent has insufficient information to do so, then to the Issuer (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) by noon of the next business days day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securitiesSecurities.

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer Company shall promptly deposit all monies received from investors with to the Escrow Agent. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to " Southwest Escrow Company, Escrow Agent". Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserspurchaser, or if the Escrow Agent has insufficient information to do so, then to the Issuer Company (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) by noon of the next business days day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securitiesSecurities.

Deposits in the Escrow Account. 3.1 Upon receipt, the Issuer shall promptly deliver to the Escrow Agent, and the Escrow Agent shall deposit into the Escrow Account, all monies received from investors with the Escrow Agentpurchasers of Shares. All of these deposited proceeds (the "Deposited Proceeds") shall be in the form of checks or money orders. All checks or money orders deposited into the Escrow Account shall be made payable to Escrow Agent. Any check or money order payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaserspurchasers of Shares, or if the Escrow Agent has insufficient information to do so, then to the Issuer (together with any Subscription Information, as defined below, or other documents delivered therewith) within five (5) business days following receipt of such check or money order by the Escrow Agent, and such check or money order shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement. The Deposited Proceeds and interest or dividends thereon, if any, shall be held for the sole benefit of the purchasers of the securitiesShares.