Common use of Deposit with Escrow Agent Clause in Contracts

Deposit with Escrow Agent. The Escrow Agent agrees that it will from time to time accept as Escrow Agent funds (the "Escrow Deposit") received by it representing the subscription amount paid in cash by subscribers for the Company's Shares. Subscription Agreements for the Shares and accompanying checks received by the Placement Agent at its offices shall be reviewed for accuracy by the Placement Agent and, immediately thereafter, the Placement Agent shall deliver such checks to Escrow Agent pursuant to this Agreement. Accompanying each such check shall be information describing (1) the name, address and Federal Tax Identification