No Escrow Clause Samples
The "No Escrow" clause establishes that the parties will not use an escrow arrangement for holding funds or property related to the agreement. In practice, this means that payments or assets are transferred directly between the parties without a neutral third party temporarily holding them. This clause streamlines transactions by removing the administrative steps and costs associated with escrow, but it also increases the need for trust between the parties, as there is no intermediary to ensure conditions are met before release. Its core function is to simplify the transaction process and avoid the delays and expenses of escrow, while allocating the risk of non-performance directly to the parties involved.
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No Escrow. The proceeds of this offering will not be placed into an escrow account. As there is no minimum offering, upon the approval of any subscription to this Offering Circular, the Company shall immediately deposit said proceeds into the bank account of the Company and may dispose of the proceeds in accordance with the Use of Proceeds.
No Escrow. Given the governmental nature of the parties, no Escrow shall be required under this Agreement.
No Escrow. Licensee shall pay all Royalties and Non-Royalty Sublicense Revenue directly to CSMC and shall not pay royalties into any escrow or other similar account, including in the event of a validity or non-infringement challenge to the Patent Rights.
No Escrow. Payment for the Securities shall be received by the Company into a segregated account from the undersigned by transfer of immediately available funds, credit or debit card, or other means approved by the Company at least two days prior to the applicable Closing Date, in the amount as set forth on the signature page hereto. Funds will be immediately available to the Company upon acceptance of the subscription. The undersigned shall receive notice and evidence of the digital entry of the number of the Securities owned by undersigned reflected on the books and records of the Company and verified by Wax, Inc. (the “Transfer Agent”), which books and records shall bear a notation that the Securities were sold in reliance upon Regulation A.
No Escrow shall not pay royalties into any escrow or other similar account.
No Escrow. The Company will not utilize a third-party escrow account for this offering, and all funds tendered by investors will be held in a segregated account until investor subscriptions are accepted by the Company and reviewed by the Broker. Once investor subscriptions are accepted by the Company and reviewed by the Broker, funds will be deposited into an account controlled by the Company. The undersigned shall receive notice and evidence of the digital entry of the number of the Units and Bonus Shares owned by undersigned reflected on the books and records of the Company and verified by Issuer Direct (the “Transfer Agent”), which books and records shall bear a notation that the Securities were sold in reliance upon Regulation A.
No Escrow. Payment for the Shares by Subscriber shall be received by the Company from each Subscriber by ACH electronic transfer, debit card, wire transfer of immediately available funds, or other means approved by the Company, prior to the Termination Date in the amount of Subscriber’s subscription. Tendered funds will not be held in escrow and will be immediately available to the Company upon acceptance of the subscription at each Closing Date. The Subscriber shall receive notice and evidence of the digital entry of the number of the Shares owned by Subscriber reflected on the books and records of the Company and verified by Wax, Inc. (the “Transfer Agent”), which books and records shall bear a notation that the Shares were sold in reliance upon Regulation A of the Securities Act. Upon instruction by the Subscriber, the Transfer Agent may record the Shares beneficially owned by the Subscriber on the books and records of the Company in the name of any other entity as designated by the Subscriber and in accordance with the Transfer Agent’s requirements.
No Escrow. Payment of amounts due under this Agreement to any person, firm or entity, other than Rambus, including, without limitation, any escrow fund or escrow agent, unless agreed to by Rambus or ordered by any court or government agency of competent jurisdiction or arbitration panel, shall constitute a material breach of this Agreement. Any payment once made by Micron to Rambus shall not be refunded or refundable to Micron for any reason, provided that, in the case of a material breach of this Agreement by Rambus, Micron may seek monetary compensation for damages arising from such breach.
No Escrow. Eidos shall not pay royalties into any escrow or other similar account.
No Escrow. Payment of amounts due under this Agreement to any person, firm or entity, other than Rambus, including without limitation, any escrow fund or escrow agent, unless agreed by Rambus or ordered by any court or government agency of competent jurisdiction or arbitration panel, shall constitute a material breach of this Agreement. Any payment once made by Samsung to Rambus shall not be refunded or refundable to Samsung for any reason except as may be required pursuant to Section 8. Notwithstanding the foregoing, in case of clerical error with respect to any payment made hereunder, the parties agree to remedy any such error through proper payment adjustments.