Common use of Disbursements from the Escrow Account Clause in Contracts

Disbursements from the Escrow Account. Upon written instruction from Issuer and/or Broker (generally via notification on the Issuer Dashboard), Escrow Agent shall, pursuant to those instructions, make a disbursement to the Issuer from the Escrow Account which are available for disbursement. Issuer acknowledges that there is a 24-hour (one business day) processing time once a request has been received to disburse funds from the Escrow Account. Furthermore, Issuer directs Escrow Agent to accept instructions regarding fees from Broker, including other registered securities brokers in the syndicate, if any, or from the API integrated platform or portal through which this Offering is being conducted, if any.

Appears in 32 contracts

Samples: Escrow Services Agreement (Oracle Health, Inc.), Escrow Services Agreement (Wireless Electrical Grid LAN, WiGL, Inc.), Escrow Services Agreement (Rentberry Inc.)

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Disbursements from the Escrow Account. Upon receipt by Escrow Agent of cleared funds and written instruction instructions from Issuer and/or Broker (generally via notification on the Issuer Dashboard), Escrow Agent shall, pursuant to those instructions, make a disbursement to the Issuer from the Escrow Account which are available for disbursementAccount. Issuer acknowledges that there is a 24-hour (one business day) processing time once a request has been received to disburse funds from the Escrow Account. Furthermore, Issuer directs Escrow Agent to accept instructions regarding fees from Broker, including other registered securities brokers in the syndicate, if any, or from the API integrated platform or portal through which this Offering offering is being conducted, if any.

Appears in 2 contracts

Samples: Escrow Services Agreement (SlideBelts Inc.), Escrow Services Agreement (SlideBelts Inc.)

Disbursements from the Escrow Account. Upon In the event Escrow Agent receives cleared funds prior to the termination of the Escrow Period and written instruction from Issuer and/or Broker (generally via notification on the Issuer Dashboard), Escrow Agent shall, pursuant to those instructions, make a disbursement to the Issuer from the Escrow Account which are available for disbursementAccount. Issuer acknowledges that there is a 24-24- hour (one business day) processing time once a request has been received to disburse funds from the Escrow Account. Furthermore, Issuer directs Escrow Agent to accept instructions regarding fees from Broker, including other any registered securities brokers in the syndicate, if any, or from the API integrated platform or portal through which this Offering is being conducted, if any.

Appears in 1 contract

Samples: Escrow Services Agreement (Lux Flooring Inc.)

Disbursements from the Escrow Account. Upon In the event Escrow Agent receives cleared funds and the Escrow Agent receives a written instruction from Issuer and/or and Broker (generally via notification on the Issuer Dashboard), Escrow Agent shall, pursuant to those instructions, make a disbursement to the Issuer from the Escrow Account which are available for disbursementAccount. Issuer acknowledges that there is a 24-hour (one business day) processing time once a request has been received to disburse funds from the Escrow Account. Furthermore, Issuer directs Escrow Agent to accept instructions regarding fees from Broker, including other registered securities brokers in the syndicate, if any, or from the API integrated platform or portal through which this Offering is being conducted, if any.

Appears in 1 contract

Samples: Escrow Services Agreement (Triangle Canna Corp.)

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Disbursements from the Escrow Account. Upon written instruction from Issuer and/or Managing Broker (generally via notification on the Issuer Dashboard), Escrow Agent shall, pursuant to those instructions, make a disbursement to the Issuer from the Escrow Account which are available for disbursement. Issuer acknowledges that there is a 24-hour (one business day) processing time once a request has been received to disburse funds from the Escrow Account. Furthermore, Issuer directs Escrow Agent to accept instructions regarding fees from Broker, including other registered securities brokers in the syndicate, if any, or from the API integrated platform or portal through which this Offering is being conducted, if any.

Appears in 1 contract

Samples: Escrow Services Agreement (Knightscope, Inc.)

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