Common use of Disposition of Escrow Deposit Clause in Contracts

Disposition of Escrow Deposit. As soon as reasonably practicable following receipt of written instructions from the Company and ▇▇▇▇▇▇▇ ▇▇▇▇ Partners, a division of Pali Capital, Inc., as placement agent for the Securities, along with duly executed and delivered copies of each Purchaser’s Execution Page to this Agreement and each other Transaction Document to which such Purchaser is a party, Escrow Agent shall, subject to payment of Escrow Agent’s expenses and fees pursuant to Section 8(f) hereof and the fees of the placement agent, deliver the Escrow Deposit to the Company by federal wire transfer of immediately available U.S. funds in accordance with wire instructions provided by the Company, and, upon such deliveries, Escrow Agent shall be fully discharged from any and all obligations hereunder. If written instructions regarding the disposition of the Escrow Deposit and duly executed and delivered copies of each Purchaser’s Execution Page to this Agreement and each other Transaction Document to which such Purchaser is a party are not received by Escrow Agent within five (5) business days of the date hereof, the Escrow Agent shall return the applicable portion of the Escrow Deposit to each Purchaser upon the request of the Purchaser and, upon such delivery, Escrow Agent shall be fully discharged from any and all obligations hereunder.

Disposition of Escrow Deposit. As soon as reasonably practicable following receipt of written instructions from the Company and Burnham Hill Partners LLC, ▇▇▇▇▇▇▇ ▇▇▇▇ Partners, a division of Pali Capital, Inc., as placement ment agent for the Securities, along with duly executed and delivered copies of each Purchaser’s 's Execution Page to this Agreement and each other Transaction Document to which such Purchaser is a party, Escrow Agent shall, shall (a) deliver the Escrow Deposit to the Company by federal wire transfer of immediately available U.S. funds in accordance with wire instructions provided by the Company and (b) subject to payment of Escrow Agent’s 's expenses and fees pursuant to Section 8(f) hereof and the fees of the placement agenthereof, deliver all interest accrued on the Escrow Deposit to the Company by federal wire transfer of immediately available U.S. funds in accordance with wire instructions provided by the Company, and, upon such deliveries, Escrow Agent shall be fully discharged from any and all obligations hereunder. If written instructions regarding the disposition of the Escrow Deposit and duly executed and delivered copies of each Purchaser’s 's Execution Page to this Agreement and each other Transaction Document to which such Purchaser is a party are not received by Escrow Agent within five (5) business days of the date hereof, the Escrow Agent shall return the applicable portion of the Escrow Deposit to each Purchaser upon the request Purchaser, along with such Purchaser's pro rata share of the Purchaser any accrued interest thereon and, upon such delivery, Escrow Agent shall be fully discharged from any and all obligations hereunder.