Common use of Deposits into the Escrow Account Clause in Contracts

Deposits into the Escrow Account. Funds received from the Underwriter, purchasers and Selected Dealers shall be deposited in the Escrow Account. All monies so deposited in the Escrow Account are hereinafter referred to as the "Escrow Amount." The Escrow Account shall be a non-interest-bearing account.

Appears in 3 contracts

Samples: Escrow Agreement (Southern Financial Capital Trust I), Escrow Agreement (Resource Capital Trust I), Escrow Agreement (Guaranty Capital Trust I)

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Deposits into the Escrow Account. Funds received from the -------------------------------- Underwriter, purchasers and Selected Dealers shall be deposited in the Escrow Account. All monies so deposited in the Escrow Account are hereinafter referred to as the "Escrow Amount." The Escrow Account shall be a non-non- interest-bearing account.

Appears in 2 contracts

Samples: Escrow Agreement (Commonwealth Bankshares Inc), Escrow Agreement (Commonwealth Bankshares Inc)

Deposits into the Escrow Account. Funds received from purchasers by the Underwriter, purchasers and or Selected Dealers shall be deposited in the Escrow Account. All monies money so deposited in the Escrow Account are is hereinafter referred to as the "Escrow AmountFunds"." The Escrow Account shall be a non-interest-bearing account.

Appears in 1 contract

Samples: Escrow Agreement (Carolina Bank Holdings Inc)

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Deposits into the Escrow Account. Funds received from purchasers by -------------------------------- the Underwriter, purchasers and or Selected Dealers shall be deposited in the Escrow Account. All monies money so deposited in the Escrow Account are is hereinafter referred to as the "Escrow Amount." Funds". The Escrow Account shall be a non-interest-interest bearing account.

Appears in 1 contract

Samples: Escrow Agreement (Cardinal Financial Corp)

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