Common use of TERMS OF THE ESCROW Clause in Contracts

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 4 contracts

Samples: Registration Rights Agreement (Famous Fixins Inc), Registration Rights Agreement (Famous Fixins Inc), Registration Rights Agreement (Famous Fixins Inc)

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TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Preferred Shares as contemplated by the Purchase Agreement.

Appears in 4 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Ortec International Inc), Escrow Agreement (Edgewater Foods International, Inc.), Escrow Agreement (United National Film Corp)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Units as contemplated by the Purchase Agreement.

Appears in 4 contracts

Samples: Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the $1,100,000 principal amount of Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 3 contracts

Samples: Registration Rights Agreement (Calypte Biomedical Corp), Escrow Agreement (Calypte Biomedical Corp), Escrow Agreement (Calypte Biomedical Corp)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Shares as contemplated by the Purchase Agreement.

Appears in 3 contracts

Samples: Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc), Escrow Agreement (Roo Group Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase AgreementSecurities.

Appears in 3 contracts

Samples: Escrow Agreement (Hepalife Technologies Inc), Agreement (Galagen Inc), Convertible Debenture Escrow Agreement (Criticare Systems Inc /De/)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures Common Stock and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Xfone Inc), Escrow Agreement (Xfone Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds and the February Debentures for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: And Warrants Purchase Agreement (Famous Fixins Inc), Registration Rights Agreement (Famous Fixins Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Securities Purchase Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Peak Entertainment Holdings Inc), Securities Purchase Agreement (Peak Entertainment Holdings Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of up to US$2,500,000, in the Convertible aggregate, of the Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Closings as contemplated by the Purchase Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Smartire Systems Inc), Escrow Agreement (Smartire Systems Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Securities as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Dolce Ventures, Inc)

TERMS OF THE ESCROW. 1.12.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase exercise of the Convertible Debentures Warrants and the Warrants at the first Closing and for the purchase shares of Common Stock issuable upon exercise of the Convertible Debentures at Warrants and Conversion of the second Closing as contemplated by the Purchase AgreementDebentures.

Appears in 1 contract

Samples: Forbearance and Escrow Agreement (Smartire Systems Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the $750,000 principal amount of Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (World Wide Wireless Communications Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the $1,500,000 principal amount of Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (McGlen Internet Group Inc)

TERMS OF THE ESCROW. 1.1Section 1.6. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures $1,500,000 principal amount of Notes and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Waverider Communications Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase AgreementClosing.

Appears in 1 contract

Samples: Registration Rights Agreement (Famous Fixins Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Cyberdefender Corp)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement, and shall hold the relevant documents.

Appears in 1 contract

Samples: Escrow Agreement (Teleservices International Group Inc)

TERMS OF THE ESCROW. 1.1. 4.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds Purchase Price for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Shares as contemplated by the Purchase Agreementhereunder.

Appears in 1 contract

Samples: Private Stock Purchase and Escrow Agreement (Global Med Technologies Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold receive the funds for certificates representing the purchase of the Convertible Debentures Common Stock and the Warrants Warrants, and certain other closing documents specified herein at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase AgreementAgreement and notify the Investors of such receipt.

Appears in 1 contract

Samples: Escrow Agreement (Bionutrics Inc)

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TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent (i) shall hold the funds for the purchase of the Convertible Debentures initial 600,000 Shares and the Warrants at the first Closing as contemplated by the Purchase Agreement and (ii) shall hold the funds for the purchase of the Convertible Debentures remaining 600,000 Shares at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Focus Enhancements Inc)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for Funds to secure the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.Notes;

Appears in 1 contract

Samples: Settlement Agreement and Release (Peak Entertainment Holdings Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures Common Stock and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Xfone Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds and Common Stock Certificates for the purchase of the $1,000,000 principal amount of Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Worldwide Wireless Networks Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the closing documents described herein pending the Lender's delivery of the funds for the purchase of the $500,000 principal amount of Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Pawnbroker Com Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the 4,300 shares of Convertible Debentures Preferred Stock and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Professional Transportation Group LTD Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures Purchased Shares and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second each Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Atlantic Technology Ventures Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing Units as contemplated by the Purchase Subscription Agreement.

Appears in 1 contract

Samples: Escrow Agreement (SP Holding CORP)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the $2,000,000 principal amount of Convertible Debentures and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Loan Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Aquis Communications Group Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent (i) shall hold the funds for the purchase of the Convertible Debentures initial 1,166,667 Shares and the Warrants at the first Closing as contemplated by the Purchase Agreement and (ii) shall hold the funds for the purchase of the Convertible Debentures next 1,166,667 Shares at the second Closing Closing, all as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Vfinance Com)

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures Preferred Stock and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Global Med Technologies Inc)

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the Convertible Debentures Preferred Stock and the Warrants at the first Closing and for the purchase of the Convertible Debentures at the second Closing as contemplated by the Purchase Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Juhl Wind, Inc)

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