Common use of Establishment of Escrow Clause in Contracts

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking account with Escrow Agent (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (the “Escrow Funds”).

Appears in 10 contracts

Sources: Tri Party Escrow Agreement (Damon Inc.), Tri Party Escrow Agreement (Commune Omni Fund, LLC), Tri Party Escrow Agreement (Med-X, Inc.)

Establishment of Escrow. Immediately following the Escrow Agent’s 's execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking account with Escrow Agent (the "Escrow Account") for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (the "Escrow Funds").

Appears in 2 contracts

Sources: Tri Party Escrow Agreement (Starfighters Space, Inc.), Escrow Agreement (Starfighters Space, Inc.)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking account with Escrow Agent (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (the “Escrow Funds”).

Appears in 2 contracts

Sources: Escrow Agreement (Benchmark Real Estate Investment Fund, LLC), Escrow Agreement (Bran Urban Growth Fund LLC)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will will: (a) open a non-interest bearing bank checking account with Escrow Agent (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion proceeds of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (net of any fees and/or holdbacks, the “Escrow Funds”).; and

Appears in 1 contract

Sources: Tri Party Escrow Agreement (Cub Crafters, Inc.)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking account with Escrow Agent (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion proceeds of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (net of any fees and/or holdbacks, the “Escrow Funds”).; and

Appears in 1 contract

Sources: Subscription Escrow Agreement (Real Street Build-to-Rent Fund I, LLC)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking escrow account with Escrow Agent (the “Escrow Account”) with Enterprise Bank & Trust for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (the “Escrow Funds”).

Appears in 1 contract

Sources: Escrow Agreement (RAD Diversified REIT, Inc.)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking account with Escrow Agent in the name of the Company (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits holding, for any Investor, the total purchase price to be remitted for the Securities to be purchased by such Investor (as defined below) and the remaining portion of the such Investor’s “Total Purchase Price (as defined below) payable by each Investor (as defined belowPrice”) in connection with the Offering (the aggregate funds held in the Escrow Account from time to time, the “Escrow Funds”).

Appears in 1 contract

Sources: Escrow Agreement (Newsmax Inc.)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest bearing bank checking account with Escrow Agent (the “Escrow Account") for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (the “Escrow Funds").

Appears in 1 contract

Sources: Tri Party Escrow Agreement (Damon Inc.)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will will: (a) open a non-interest bearing bank checking account with Escrow Agent (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion proceeds of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (net of any fees and/or holdbacks, the “Escrow Funds”).

Appears in 1 contract

Sources: Escrow Agreement (Enviro.Farm Systems Inc)

Establishment of Escrow. Immediately following the Escrow Agent’s execution of this Agreement, the Escrow Agent will open a non-interest interest-bearing bank checking account with Escrow Agent (the “Escrow Account”) for the purpose of receiving and holding Cash Deposits (as defined below) and the remaining portion of the Total Purchase Price (as defined below) payable by each Investor (as defined below) in connection with the Offering (the “Escrow Funds”).

Appears in 1 contract

Sources: Tri Party Escrow Agreement (Mivium, Inc.)