Common use of Deposits into the Escrow Account Clause in Contracts

Deposits into the Escrow Account. The Managing Dealer will promptly deliver all monies received from subscribers for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's name and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid for by such subscriber for such Shares. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 3 contracts

Samples: Escrow Agreement (CNL Health Care Properties Inc), Escrow Agreement (CNL American Realty Fund Inc), Escrow Agreement (CNL Health Care Properties Inc)

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Deposits into the Escrow Account. The Managing Dealer will promptly deliver all monies received from subscribers for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's name and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid for by such subscriber for such Shares. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow and no amounts amount deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 2 contracts

Samples: Escrow Agreement (CNL Income Properties Inc), Escrow Agreement (CNL Income Properties Inc)

Deposits into the Escrow Account. The Managing Dealer Placement Agent and the Company will promptly deliver all monies received from subscribers for the payment of Shares Units to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer Company or its designee also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's ’s name and address, (ii) the number of Shares Units purchased by such subscriber, and (iii) the amount paid for by such subscriber for such SharesUnits. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow the Escrow Account, and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Super Vision International Inc)

Deposits into the Escrow Account. The Managing Dealer will promptly deliver all monies received from subscribers for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's ’s name and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid for by such subscriber for such Shares. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow and no amounts amount deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (CNL Hospitality Properties II, Inc.)

Deposits into the Escrow Account. The Managing Dealer Company will promptly deliver all monies received from subscribers for the payment of Shares Units to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer Company or its designee also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's name and address, (ii) the number of Shares Units purchased by such subscriber, and (iii) the amount paid for by such subscriber for such SharesUnits. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow the Escrow Account, and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Commonwealth Income & Growth Fund 8, LP)

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Deposits into the Escrow Account. The Managing Dealer will promptly deliver all monies received from subscribers for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Ecsrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's name and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid for by such subscriber for such Shares. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (CNL American Realty Fund Inc)

Deposits into the Escrow Account. The Managing Dealer Company will promptly deliver all monies received from subscribers for the payment of Shares Units to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer Company or its designee also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's ’s name and address, (ii) the number of Shares Units purchased by such subscriber, and (iii) the amount paid for by such subscriber for such SharesUnits. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow the Escrow Account, and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Commonwealth Income & Growth Fund VII, LP)

Deposits into the Escrow Account. The Managing Dealer Company will promptly deliver all monies received from subscribers for the payment of Shares to the Escrow Agent for deposit in the Escrow Account. Until such time that the Escrowed Funds are deliverable to the Company pursuant to the provisions of Paragraph 5(a) below, the Managing Dealer Company or its designee also will deliver to the Escrow Agent a written account of each sale, which account shall set forth, among other things, the following information: (i) the subscriber's ’s name and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid for by such subscriber for such Shares. The Company is aware and understands that, during the escrow period, it is not entitled to any funds received into escrow the Escrow Account, and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Appears in 1 contract

Samples: Escrow Agreement (Wellspring Aerospace International, Inc.)

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