Common use of Disbursements from the Escrow Account Clause in Contracts

Disbursements from the Escrow Account. a. The Escrow Agent will continue to hold such funds until the Consultant and Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the Consultant. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Consultant and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Consultant that the Escrow Agent already has on file.

Appears in 3 contracts

Samples: Escrow Agreement (Safe Transportation Systems Inc), Escrow Agreement (Torque Engineering Corp), Escrow Agreement (Vertical Computer Systems Inc)

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Disbursements from the Escrow Account. a. The Escrow Agent will continue to hold such funds until the Consultant Investor(s) and Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the ConsultantFunds. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Consultant Investor(s) and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Consultant Investor(s) that the Escrow Agent already has on file.

Appears in 2 contracts

Samples: Escrow Agreement (Ephone Telecom Inc), Escrow Agreement (Pick Ups Plus Inc)

Disbursements from the Escrow Account. a. The Escrow Agent will continue to hold such funds until the Consultant Investor and Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the ConsultantInvestor. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Consultant Investor and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Consultant Investor that the Escrow Agent already has on file.

Appears in 2 contracts

Samples: Escrow Agreement (Ocean Power Corp), Escrow Agreement (Southern States Power Co Inc)

Disbursements from the Escrow Account. a. The (a) Escrow Agent will continue to hold such funds until the Consultant Investor(s) and Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the ConsultantInvestor(s). In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Consultant Investor(s) and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Consultant Investor(s) that the Escrow Agent already has on file.

Appears in 1 contract

Samples: Escrow Agreement (Mohen, Inc.)

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Disbursements from the Escrow Account. a. The Escrow Agent will continue to hold such funds until the Consultant Investor and the Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the ConsultantInvestor. In disbursing such funds, the Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Consultant Investor and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Consultant Investor that the Escrow Agent already has on file.

Appears in 1 contract

Samples: Escrow Agreement (Smartire Systems Inc)

Disbursements from the Escrow Account. a. The Escrow Agent will continue to hold such funds until a Buyer and the Consultant and Company execute a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction signed by the Company and the ConsultantBuyers. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Consultant a Buyer and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Consultant a Buyer that the Escrow Agent already has on file.

Appears in 1 contract

Samples: Escrow Agreement (Eastern Resources Inc)

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