Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor. In such cases, the Escrow Agent will promptly notify the Company of such return.
Appears in 38 contracts
Sources: Escrow Agreement (Smartire Systems Inc), Escrow Agreement (Cyberlux Corp), Escrow Agreement (Urbana Ca Inc)
Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, and upon collection of the proceeds of each wire deposit the collected proceeds of each wire in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the Investor. In such cases, the Escrow Agent will promptly notify the Company of such return.
Appears in 2 contracts
Sources: Escrow Agreement (Smartire Systems Inc), Escrow Agreement (Smartire Systems Inc)
Collection Procedure. The Escrow Agent is hereby authorized to forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the InvestorPlacement Agents. In such cases, the Escrow Agent will promptly notify the Company of such return.
Appears in 1 contract
Sources: Escrow Agreement (Tcpi Inc)
Collection Procedure. The Escrow Agent is hereby authorized to -------------------- forward each wire for collection and, upon collection of the proceeds of each wire deposit the collected proceeds in the Escrow Account. Any wires returned unpaid to the Escrow Agent shall be returned to the InvestorInvestors. In such cases, the Escrow Agent will promptly notify the Company of such return.
Appears in 1 contract