Common use of Deposit with Escrow Agent Clause in Contracts

Deposit with Escrow Agent. At Closing of the sale and purchase of ------------------------- stock as provided in the Purchase Agreement, Purchaser shall deliver to the Escrow Agent the sum of One Million Dollars ($1,000,000) to be held, administered and distributed by the Escrow Agent pursuant to the terms of this Escrow Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (MJD Communications Inc), Stock Purchase Agreement (MJD Communications Inc)

Deposit with Escrow Agent. At Closing of the sale and purchase of ------------------------- stock the Shares as provided in the Purchase Agreement, Purchaser shall deliver to the Escrow Agent the sum of One Million Dollars ($1,000,000) to be held, administered and distributed by the Escrow Agent pursuant to the terms of this Escrow Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (MJD Communications Inc)

Deposit with Escrow Agent. At Closing of the sale and purchase of ------------------------- stock the Shares as provided in the Purchase Agreement, Purchaser shall deliver to the Escrow Agent the sum of One Million Hundred Fifty Thousand Dollars ($1,000,000150,000) to be held, administered and distributed by the Escrow Agent pursuant to the terms of this Escrow Agreement.

Appears in 1 contract

Sources: Stock Purchase Agreement (MJD Communications Inc)