Escrow, Settlement and Closing Clause Samples
The 'Escrow, Settlement and Closing' clause outlines the procedures and responsibilities for holding funds or documents in escrow, finalizing the transaction, and transferring ownership or rights between parties. Typically, it specifies the role of an escrow agent, the conditions under which funds are released, and the steps required to complete the settlement and closing process, such as delivering signed documents or making final payments. This clause ensures that all parties fulfill their obligations before the transaction is completed, thereby reducing risk and providing a clear, structured process for concluding the deal.
Escrow, Settlement and Closing. If each Offering is not settled via delivery versus payment (“DVP”), the Company and ▇▇▇▇▇▇▇▇▇▇ shall enter into an escrow agreement with a third party escrow agent pursuant to which ▇▇▇▇▇▇▇▇▇▇’▇ compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via DVP, ▇▇▇▇▇▇▇▇▇▇ shall arrange for its clearing agent to provide the funds to facilitate such settlement; provided, however, if the clearing firm provides the funds in a best efforts offering and subsequent to such delivery an investor fails to provide the necessary funds to the clearing agent for such purchase of Securities, ▇▇▇▇▇▇▇▇▇▇ shall instruct the clearing agent to promptly return any such Securities to the Company and the Company shall promptly return such investor’s purchase price to the clearing agent. The Company shall pay ▇▇▇▇▇▇▇▇▇▇ closing costs, which shall also include the reimbursement of the out-of-pocket cost of the escrow agent or clearing agent, as applicable, which closing costs shall not exceed $15,950.
Escrow, Settlement and Closing. If each Offering is not settled via delivery versus payment (“DVP”), the Company and ▇▇▇▇▇▇▇▇▇▇ shall enter into an escrow agreement with a third party escrow agent pursuant to which ▇▇▇▇▇▇▇▇▇▇’▇ compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via DVP, ▇▇▇▇▇▇▇▇▇▇ shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall pay ▇▇▇▇▇▇▇▇▇▇ closing costs, which shall also include the reimbursement of the out-of-pocket cost of the escrow agent or clearing agent, as applicable, which closing costs shall not exceed $12,900.
Escrow, Settlement and Closing. If each Offering is not settled via delivery versus payment (“DVP”), the Company and W▇▇▇▇▇▇▇▇▇ shall enter into an escrow agreement with a third party escrow agent pursuant to which W▇▇▇▇▇▇▇▇▇’▇ compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via DVP, W▇▇▇▇▇▇▇▇▇ shall arrange for its clearing agent to provide the funds to facilitate such settlement; provided, however, if the clearing firm provides the funds in a best efforts offering and subsequent to such delivery an investor fails to provide the necessary funds to the clearing agent for such purchase of Securities, W▇▇▇▇▇▇▇▇▇ shall instruct the clearing agent to promptly return any such Securities to the Company and the Company shall promptly return such investor’s purchase price to the clearing agent. The Company shall pay W▇▇▇▇▇▇▇▇▇ closing costs, which shall also include the reimbursement of the out-of-pocket cost of the escrow agent or clearing agent, as applicable, which closing costs shall not exceed $15,950. Any escrow arrangements shall be made on customary terms for transactions involving Danish Foreign Private Issuers and W▇▇▇▇▇▇▇▇▇ has in this respect been duly informed that shares cannot be issued under Danish law before that full subscription amount has been paid to the Company’s account and that arrangements are therefore ordinarily made through deposit, net of costs to W▇▇▇▇▇▇▇▇▇, with the Company’s Danish legal counsel.
Escrow, Settlement and Closing. If the Offering is not settled via delivery versus payment (“DVP”), the Company and ▇▇▇▇▇▇▇▇▇▇ shall enter into an escrow agreement with a third party escrow agent pursuant to which ▇▇▇▇▇▇▇▇▇▇’▇ compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via DVP, ▇▇▇▇▇▇▇▇▇▇ shall arrange for its clearing agent to provide the funds to facilitate such settlement.
Escrow, Settlement and Closing. If the Offering is not settled via delivery versus payment (“DVP”), the Company and Dominari Securities shall enter into an escrow agreement with a third-party escrow agent pursuant to which Dominari Securities’ compensation and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via DVP, Dominari Securities shall arrange for its clearing agent to provide the funds to facilitate such settlement; provided, however, if the clearing firm provides the funds in a best efforts offering and subsequent to such delivery an investor fails to provide the necessary funds to the clearing agent for such purchase of Securities, Dominari Securities shall instruct the clearing agent to promptly return any such Securities to the Company and the Company shall promptly return such investor’s purchase price to the clearing agent. The Company shall pay Dominari Securities closing costs, which shall also include the reimbursement of the out-of-pocket cost of the escrow agent or clearing agent, as applicable, which closing costs shall not exceed $10,000.
Escrow, Settlement and Closing. If each Offering is not settled via delivery versus payment (“DVP”), the Company and Wainwright sha▇▇ ▇▇▇▇▇ ▇nto an escrow agreement with a third party escrow agent pursuant to which Wainwright’s c▇▇▇▇▇▇▇▇▇▇▇ and expenses shall be paid from the gross proceeds of the Securities sold. If the Offering is settled in whole or in part via DVP, Wainwright sha▇▇ ▇▇▇▇▇▇▇ for its clearing agent to provide the funds to facilitate such settlement. The Company shall pay Wainwright clo▇▇▇▇ ▇▇▇▇▇, which shall also include the reimbursement of the out-of-pocket cost of the escrow agent or clearing agent, as applicable, which closing costs shall not exceed $12,900.