Deposits into Escrow. a. All Investments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents: (1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes; (2) a Subscription Accounting; and (3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF. b. The parties hereto understand and agree that all Investments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Investment for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investor.
Appears in 21 contracts
Sources: Escrow Agreement (Oncolyze, Inc.), Escrow Agreement (Gin & Luck Inc.), Escrow Agreement (NowRx, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Placement Agent and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Placement Agent of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / _______________________________-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 8 contracts
Sources: Escrow Agreement (Seattle Emerald Haze, Inc.), Escrow Agreement (CRL Team 12, Inc.), Escrow Agreement (Sin City Bad Babies, Inc.)
Deposits into Escrow. a. All Investments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto understand and agree that all Investments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Investment for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investor.
Appears in 4 contracts
Sources: Escrow Agreement (NowRx, Inc.), Escrow Agreement (Denim LA, Inc.), Escrow Agreement (Kindara, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / _______________________________-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 3 contracts
Sources: Escrow Agreement (RoyaltyTraders LLC), Escrow Agreement (Pf Royalty I LLC), Escrow Agreement (School of Whales Commercial Real Estate Equity Fund, LLC)
Deposits into Escrow. a. All Investments shall be delivered directly to The account records of the Escrow Agent shall provide that the funds in the escrow account are held for the benefit of the Subscriber(s) named and identified in accordance the records of the Escrow Agent, maintained in good faith and in the regular course of business, and they shall show the name and interest of each party to the account.
b. Upon receipt by Selling Security Holders of any Cash Investment Instrument for the purchase of Shares, Selling Security Holders shall forward to Escrow Agent, by 12:00 noon of the next business day, the Cash Investment Instrument for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. following escrow account: First Union National Bank Charlotte, North Carolina ABA # 053000219 D/ 50000▇▇▇▇▇▇▇▇ FFC: (*TBD) Attn: CT BR#4850 Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s 's name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. hereof ALL FUNDS SO DEPOSITED AND INTEREST OR DIVIDENDS THEREON, IF ANY, SHALL BE HELD FOR THE SOLE BENEFIT OF AND SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER VILLAGE XII ACQUISITION CORP. UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER VILLAGE XII ACQUISITION CORP. IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto c. Selling Security Holders understand and agree that all Investments checks and similar instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s 's sole obligation shall be to notify the parties hereto Principal and Selling Security Holders of such dishonor and to promptly return such Cash Investment Instrument to Selling Security Holders to take whatever action it deems necessary. Notwithstanding the applicable investorforegoing, if for any reason any Cash Investment Instrument is uncollectible after payment of the funds represented thereby has been made by Escrow Agent, Village XII Acquisition Co., Inc. shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify the parties hereto Selling Security Holders of such fact and to promptly return such Cash Investment Instrument to the applicable investorSubscriber.
d. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, "First Union National Bank/Village XII Acquisition Co., Inc. - Escrow Account, " and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Village Xii Acquisition Corp), Escrow Agreement (Village Xii Acquisition Corp)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow ▇▇▇▇▇▇ Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / Flower Turbines_-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Flower Turbines, Inc.), Escrow Agreement (Flower Turbines, Inc.)
Deposits into Escrow. a. All Investments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto understand and agree that all Investments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow ▇▇▇▇▇▇ Agent shall process each Investment for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investor.
Appears in 2 contracts
Sources: Escrow Agreement (Nixplay Inc), Escrow Agreement (Miso Robotics, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Placement Agent and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Placement Agent of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / -Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Collectable Sports Assets, LLC), Escrow Agreement (Jamestown Invest 1, LLC)
Deposits into Escrow. a. All Investments Upon receipt by Charleston of any Cash ---------------------- Investment Instrument for the purchase of Units, Charleston shall be delivered directly forward to Escrow Agent, by 12:00 noon on the Escrow Agent next business day, the Cash Investment Instrument for deposit into the escrow account of the Escrow Account Agent described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. ---------- Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s 's name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ---------- ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) ------------ HEREOF.
b. The parties hereto Charleston and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash --------- Investment Instrument is dishonored, Escrow Agent’s 's sole obligation shall be to notify the parties hereto Charleston of such dishonor and to promptly return such Cash Investment Instrument to Charleston. Notwithstanding the applicable investorforegoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify the parties hereto Issuer and Charleston of such fact and to promptly return such Cash Investment Instrument to Charleston.
c. All Cash Investment Instruments shall be made payable to the applicable investor.order of, or endorsed to the order of, "Wachovia Bank, National Association/[__ISSUER NAME__] - Escrow -----------
Appears in 2 contracts
Sources: Escrow Agreement (Nanopierce Technologies Inc), Escrow Agreement (Nanopierce Technologies Inc)
Deposits into Escrow. a. All Investments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto understand and agree that all Investments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Investment for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's ’s sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investor.
Appears in 2 contracts
Sources: Escrow Agreement (Innovega Inc.), Escrow Agreement (Gatsby Digital, Inc.)
Deposits into Escrow. a. All Investments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-44 under the Securities Exchange Act of 1934, as amended. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto understand and agree that all Investments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Investment for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's ’s sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investor.
Appears in 2 contracts
Sources: Escrow Agreement, Escrow Agreement (20/20 GeneSystems, Inc.)
Deposits into Escrow. a. All Investments shall be delivered directly to The account records of the Escrow Agent shall provide that the funds in the escrow account are held for the benefit of the Subscriber(s) named and identified in accordance the records of the Escrow Agent, maintained in good faith and in the regular course of business, and they shall show the name and interest of each party to the account.
b. Upon receipt by Selling Security Holders of any Cash Investment Instrument for the purchase of Shares, Selling Security Holders shall forward to Escrow Agent, by 12:00 noon of the next business day, the Cash Investment Instrument for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. following escrow account: First Union National Bank Charlotte, North Carolina ABA # 053000219 D/ 50000▇▇▇▇▇▇▇▇ FFC: (*TBD) Attn: CT BR#4850 Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s 's name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. hereof ALL FUNDS SO DEPOSITED AND INTEREST OR DIVIDENDS THEREON, IF ANY, SHALL BE HELD FOR THE SOLE BENEFIT OF AND SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER VILLAGE VI ACQUISITION CORP. UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER VILLAGE VI ACQUISITION CORP. IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto c. Selling Security Holders understand and agree that all Investments checks and similar instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s 's sole obligation shall be to notify the parties hereto Principal and Selling Security Holders of such dishonor and to promptly return such Cash Investment Instrument to Selling Security Holders to take whatever action it deems necessary. Notwithstanding the applicable investorforegoing, if for any reason any Cash Investment Instrument is uncollectible after payment of the funds represented thereby has been made by Escrow Agent, Village VI Acquisition Co., Inc. shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify the parties hereto Selling Security Holders of such fact and to promptly return such Cash Investment Instrument to the applicable investorSubscriber.
d. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, "First Union National Bank/Village VI Acquisition Co., Inc. - Escrow Account, " and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Village Vi Acquisition Corp), Escrow Agreement (Village Vi Acquisition Corp)
Deposits into Escrow. a. All Investments Upon receipt by Issuer or Broker of any Cash Investment Instrument for the purchase of Shares, Issuer and/or Broker shall be delivered directly forward to Escrow Agent, by 12:00 noon on the Escrow Agent next business day, the Cash Investment Instrument for deposit into the escrow account of the Escrow Account Agent described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;an executed W-8 or W-9; and
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS IN THEIR CASH INVESTMENT AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a6(a) HEREOF.
b. The parties hereto Issuer and Broker understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 6 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Issuer and Broker of such dishonor and to promptly return such Cash Investment Instrument to Issuer or to Broker, whichever the applicable investorcase may be. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify the parties hereto Issuer and Broker of such fact and to promptly return such Cash Investment Instrument to Issuer or to Broker, whichever the case may be.
c. All Cash Investment Instruments that are checks or money orders shall be made payable to the applicable investor.order of, or endorsed to the order of “Regions Bank, as Escrow Agent for CapRocq Core REIT, Inc. Escrow Account”, and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner. Cash Investment Instruments that are ACH or wire transfers shall be submitted to: Regions Bank ABA# ########### AC Name: Wealth Management Operations AC# FFC Name: FFC# ATTN: ▇▇▇▇▇ ▇▇▇▇▇
Appears in 2 contracts
Sources: Subscription Escrow Agreement (CapRocq Core REIT, Inc.), Subscription Escrow Agreement (CapRocq Core REIT, Inc.)
Deposits into Escrow. a. All Investments shall be delivered directly to The account records of the Escrow Agent shall provide that the funds in the escrow account are held for the benefit of the Subscriber(s) named and identified in accordance the records of the Escrow Agent, maintained in good faith and in the regular course of business, and they shall show the name and interest of each party to the account.
b. Upon receipt by Selling Security Holders of any Cash Investment Instrument for the purchase of Shares, Selling Security Holders shall forward to Escrow Agent, by 12:00 noon of the next business day, the Cash Investment Instrument for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. following escrow account: First Union National Bank Charlotte, North Carolina ABA # 053000219 D/ 50000▇▇▇▇▇▇▇▇ FFC: (*TBD) Attn: CT BR#4850 Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s 's name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. hereof ALL FUNDS SO DEPOSITED AND INTEREST OR DIVIDENDS THEREON, IF ANY, SHALL BE HELD FOR THE SOLE BENEFIT OF AND SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER VILLAGE XI ACQUISITION CORP. UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER VILLAGE XI ACQUISITION CORP. IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto c. Selling Security Holders understand and agree that all Investments checks and similar instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s 's sole obligation shall be to notify the parties hereto Principal and Selling Security Holders of such dishonor and to promptly return such Cash Investment Instrument to Selling Security Holders to take whatever action it deems necessary. Notwithstanding the applicable investorforegoing, if for any reason any Cash Investment Instrument is uncollectible after payment of the funds represented thereby has been made by Escrow Agent, Village XI Acquisition Co., Inc. shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify the parties hereto Selling Security Holders of such fact and to promptly return such Cash Investment Instrument to the applicable investorSubscriber.
d. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, "First Union National Bank/Village XI Acquisition Co., Inc. - Escrow Account, " and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Village Xi Acquisition Corp), Escrow Agreement (Village Xi Acquisition Corp)
Deposits into Escrow. a. All Investments Upon receipt by Placement Agent of any Cash Investment Instrument for the purchase of Securities, Placement Agent shall be delivered directly forward to Escrow Agent, by 12:00 noon on the Escrow Agent next business day, the Cash Investment Instrument for deposit into the escrow account of the Escrow Account Agent described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s nameappropriate subscription information, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) , and instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Placement Agent and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Placement Agent of such dishonor and to promptly return such Cash Investment Instrument to Placement Agent. Notwithstanding the applicable investorforegoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent to Issuer, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's ’s sole obligation shall be to notify the parties hereto Issuer and Placement Agent of such fact and to promptly return such Cash Investment Instrument to Placement Agent.
c. All Cash Investment Instruments shall be made payable to the applicable investororder of, or endorsed to the order of, “U.S. Bank National Association. - Escrow Account – Blue Sphere Corporation,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Blue Sphere Corp.), Escrow Agreement (Blue Sphere Corp.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A and Exhibit B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section withSection 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF).
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / HCo Cape May LLC-Escrow Account”, and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (HCo Cape May LLC), Escrow Agreement (HCo Cape May LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Placement Agent and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Placement Agent of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / _______________________________-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Mythic Collection, LLC), Escrow Agreement (Concreit Fund I LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 004, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 2 contracts
Sources: Escrow Agreement (Otis Collection LLC), Escrow Agreement (Otis Collection LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 110, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 078, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments shall be delivered directly to The account records of the Escrow Agent shall provide that the funds in the escrow account are held for the benefit of the Subscriber(s) named and identified in accordance the records of the Escrow Agent, maintained in good faith and in the regular course of business, and they shall show the name and interest of each party to the account.
b. Upon receipt by Selling Security Holders of any Cash Investment Instrument for the purchase of Shares, Selling Security Holders shall forward to Escrow Agent, by 12:00 noon of the next business day, the Cash Investment Instrument for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. following escrow account: First Union National Bank Charlotte, North Carolina ABA # 053000219 D/ 50000▇▇▇▇▇▇▇▇ FFC: (*TBD) Attn: CT BR#4850 Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s 's name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. hereof ALL FUNDS SO DEPOSITED AND INTEREST OR DIVIDENDS THEREON, IF ANY, SHALL BE HELD FOR THE SOLE BENEFIT OF AND SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER VILLAGE XIIII ACQUISITION CORP. UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER VILLAGE XIIII ACQUISITION CORP. IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto c. Selling Security Holders understand and agree that all Investments checks and similar instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s 's sole obligation shall be to notify the parties hereto Principal and Selling Security Holders of such dishonor and to promptly return such Cash Investment Instrument to Selling Security Holders to take whatever action it deems necessary. Notwithstanding the applicable investorforegoing, if for any reason any Cash Investment Instrument is uncollectible after payment of the funds represented thereby has been made by Escrow Agent, Village XIIII Acquisition Co., Inc. shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify the parties hereto Selling Security Holders of such fact and to promptly return such Cash Investment Instrument to the applicable investorSubscriber.
d. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, "First Union National Bank/Village XIIII Acquisition Co., Inc. - Escrow Account, " and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 090, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 066, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 089, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 115, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 077, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 018, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 033, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 105, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 106, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto NCPS, PORTAL and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto NCPS and/or PORTAL of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to NCPS or PORTAL should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and NCPS or PORTAL, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to NCPS or PORTAL should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “TKTC / -Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Reitless Impact Income Strategies LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 095, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 040, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 118, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 036, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 011, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 034, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 055, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow ▇▇▇▇▇▇ Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / [ACME AtronOmatic Inc]-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Drop 009, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Country Grammer -Escrow Account,” Series Country Grammar and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 030, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 099, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 014, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A and Exhibit B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF).
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / HCo Cape May LLC-Escrow Account”, and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (HCo Cape May LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow E▇▇▇▇▇ Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / Oncolyze-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Oncolyze, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 063, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 027, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 037, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 018, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow E▇▇▇▇▇ Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / Legion M Entertainment - Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's ’s sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / ________________________-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Innovega Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 038, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 006, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 075, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 094, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 019, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / Legion M Entertainment - Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 069, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 081, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto understand and agree that all Investments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Investment for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investor.
Appears in 1 contract
Sources: Escrow Agreement (Soliton, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Dalmore and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Dalmore of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Dalmore should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Dalmore, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Dalmore should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 021, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 111, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Pine Valley, a series of Commonwealth Thoroughbreds LLC -Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Winged Foot, a series of Commonwealth Thoroughbreds LLC-Escrow Account," and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments (a) Seller shall deposit, or cause to be delivered directly deposited, into the Escrow, in time to permit the closing of the transaction contemplated hereby on the Closing Date, the items described in Sections 10(a), 10(d), 10(e), 10(l) and 10(m) hereof. Escrow Holder is hereby authorized to use the foregoing documents and instruments to close the Escrow only if and when: (i) Escrow Holder holds for the account of Seller all net sums to be paid by Purchaser to Seller through Escrow at the Closing; (ii) Title Company can and will issue the Title Policy concurrently with the Closing; (iii) Escrow Holder receives telephonic authorization from Seller or its counsel that Seller's Conditions Precedent and all other conditions to the Closing have been satisfied; and (iv) Escrow Agent Holder has prepared and the parties shall have approved final closing statements for deposit each of Seller and Purchaser (collectively, "Approved Closing Statements"), which Approved Closing Statements shall show the amounts to be paid, credited, debited or adjusted (as the case may be) by the parties as more fully set forth herein.
(b) Purchaser shall deposit, or cause to be deposited, into the Escrow Account described Escrow, in time to permit the closing of the transaction contemplated hereby on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documentsClosing Date:
(1) a report containing such Subscriber’s nameThe Purchase Price, social security number or taxpayer identification number, address and other information required for withholding purposes;less adjustments per the Approved Closing Statements.
(2) a Subscription AccountingThe additional amount, if any, which Escrow Holder estimates to be necessary to pay Purchaser's share under this Agreement of the closing costs, expenses and prorations of this transaction; and
and (3) instructions regarding the investment of such deposited funds The items described in accordance with Section 6 Sections 11(b), 11(c) and 11(e) hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(aEscrow Holder is hereby authorized to use said funds, instruments and documents to close the Escrow only if and when: (i) HEREOF.
b. The parties hereto understand Escrow Holder holds for Purchaser the documents described in Section 19.2(a) hereof; (ii) Title Company can and agree will issue the Title Policy concurrently with the Closing; (iii) Escrow Holder receives telephonic authorization from Purchaser or its counsel 41 ---------------------------------------------------------------- that all Investments received by of Purchaser's Conditions Precedent and all other conditions to the Closing have been satisfied; and (iv) Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment Holder has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Investment for collection, prepared and the proceeds thereof parties shall be held as part of have approved the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Investment is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto of such dishonor and to promptly return such Investment to the applicable investor. Upon receipt of any Investment that represents payment of an amount less than or greater than the Subscriber’s initial proposed Investment, Escrow Agent's sole obligation shall be to notify the parties hereto of such fact and to promptly return such Investment to the applicable investorApproved Closing Statements.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 009, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF).
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / HCo Cape May LLC-Escrow Account”, and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (HCo Cape May LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 024, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 064, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 103, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 080, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / WiGL, Inc.-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Wireless Electrical Grid LAN, WiGL, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Drop 002, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 114, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 050, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 042, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 017, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A and Exhibit B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Placement Agent and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Placement Agent of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Placement Agent should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / -Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 012, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. ACH payments shall be made payable to the order of, or endorsed to the order of, “NCPS /Series Gallery Drop 023, a Series of ▇▇▇▇ Gallery LLC,” and NCPS shall not be obligated to accept, or present for payment, any ACH payment that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / [ LIFT Aircraft Inc. ]-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 015, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto [Placement Agent/Funding Portal/Platform] and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto [Placement Agent/Funding Portal/Platform] of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to [Placement Agent/Funding Portal/Platform] should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and [Placement Agent/Funding Portal/Platform], depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to [Placement Agent/Funding Portal/Platform] should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / _____________________________________________________-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 084, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 079, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 044, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Dalmore and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Dalmore of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Dalmore should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Dalmore, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Dalmore should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Collection Drop 019, a Series of ▇▇▇▇ Collection LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 013, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 056, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto ▇▇▇▇▇▇ and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / _______________________________ -Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow E▇▇▇▇▇ Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / _______________________________-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Fisher Wallace Laboratories, Inc.)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 062, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 093, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 067, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 065, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Placement Agent, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series I Got A Gal, a series of Commonwealth Thoroughbreds LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow AgentNCPS's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / Series Gallery Drop 039, a Series of ▇▇▇▇ Gallery LLC-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent NCPS for deposit into the Escrow Account described on Exhibit A hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT NCPS OR BY JUDGMENT OR CREDITORS' ’ CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Platform and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent NCPS hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow Agent NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow AgentNCPS’s sole obligation shall be to notify the parties hereto Platform of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's NCPS’s sole obligation shall be to notify Issuer and Platform, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should NCPS have Investor information sufficient to effect such a return or to Platform should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “NCPS / ▇▇▇▇ Gallery #KW-Escrow Account,” and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract
Sources: Escrow Agreement (Otis Gallery LLC)
Deposits into Escrow. a. All Investments Cash Investment Instruments shall be delivered directly to the Escrow Agent for deposit into the Escrow Account described on Exhibit A B hereto. Investments shall be transmitted promptly to the Escrow Agent in compliance with Rule 15c2-4. Each such deposit shall be accompanied by the following documents:
(1) a report containing such Subscriber’s name, social security number or taxpayer identification number, address and other information required for withholding purposes;
(2) a Subscription Accounting; and
(3) written instructions regarding the investment of such deposited funds in accordance with Section 6 hereof. ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND AND, EXCEPT AS PROVIDED IN SECTION 10(C) HEREIN, SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY ESCROW AGENT Escrow Agent OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a) HEREOF.
b. The parties hereto Broker and Issuer understand and agree that all Investments Cash Investment Instruments received by Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. Upon receipt, Escrow E▇▇▇▇▇ Agent shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4 hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, Escrow Agent’s sole obligation shall be to notify the parties hereto Broker of such dishonor and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by Escrow Agent, Issuer shall immediately reimburse Escrow Agent upon receipt from Escrow Agent of written notice thereof. Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Subscriber’s initial proposed Cash Investment, Escrow Agent's sole obligation shall be to notify Issuer and Broker, depending upon the parties hereto source of the of the Cash Investment Instrument, of such fact and to promptly return such Cash Investment Instrument to the applicable investorInvestor should Escrow Agent have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.
c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, “Escrow Agent / [Global Health Solutions Inc.]-Escrow Account,” and Escrow Agent shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.
Appears in 1 contract