Deposits into the Escrow Account definition

Deposits into the Escrow Account. All Subscribers' checks are to be made payable to "NORTH FORK BANK, as escrow agent for IPORUSSIA." The checks received from Subscribers whose Subscriptions have been accepted shall be delivered, as contemplated by section 5 below, to an account representative at the Branch for deposit into the Escrow Account. Upon receipt of such checks, the Escrow Agent shall deposit them in the Escrow Account for collection as provided in section 5. The Escrow Agent is not obligated, and may refuse, to accept checks not accompanied by a Subscription (or photocopy of a Subscription) containing the name, address and taxpayer identification number of each Subscriber and the Purchase Price of the Shares subscribed for by such Subscriber.
Source 1Source 2
Deposits into the Escrow Account. All Subscribers' checks will be made payable to "NORTH FORK BANK, as escrow agent for IPORUSSIA." The checks received from prospective purchasers of the Subscriptions may be delivered to an Account Representative at the Branch for deposit into the Escrow Account. The Escrow Agent is not obligated to, but may refuse to accept deposits not accompanied by a Subscription containing the name, address and taxpayer identification number of each prospective purchaser and the Purchase Price of the Subscriptions subscribed for by such purchaser.
Source 1Source 2

Examples of Deposits into the Escrow Account in a sentence

  • Commencing on June 1, 1990, and on the first day of each month thereafter during the term of this Note, the Borrower shall make deposits ("Escrow Deposits") into the Escrow Account in an amount equal to one-twelfth (1/12) of the estimated annual real estate tax liability of the Borrower for the current twelve-month period in which such taxes are due.

  • Deposits into the Escrow Account are insured, subject to the applicable rules and regulations of the Federal Deposit Insurance Corporation (the “FDIC”), in the standard FDIC insurance amount of $250,000, including principal and accrued interest, and are not secured.

  • The Company shall deliver physical share certificate of the Company's Common Stock to the Investor's Counsel for deposit into the Investor's Counsels account as follows: Brokerage Firm: Investec Ernst & Co. Account #: 400-07595 Name on Account: Xxxxxx Xxxxxxxx LLP Escrow Account Deposits into the Escrow Account.

  • Deposits into the Escrow Account are insured, subject to the applicable rules and regulations of the FDIC, in the standard FDIC insurance amount of $250,000, including principal and accrued interest, and are not secured.

  • The Investor(s) will instruct subscribers to wire funds to the account of the Escrow Agent as follows: Bank: Wachovia, N.A. of New Jersey Routing #: 031201467 Account #: __________________ Name on Account: David Gonzalez Attorney Trust Acxxxxx Xxxx xx Sub-Account: Nexicon, Inc./Cornell Capital Partners, LP Escrow Account Deposits into the Escrow Account.

  • Deposits into the Escrow Account shall be made by wire transfer in immediately available funds.

Related to Deposits into the Escrow Account

  • Escrow Accounts means the ‘no-lien’ and ‘non-interest bearing’ account(s) opened with Escrow Collection Bank and in whose favour the Anchor Investors will transfer money through direct credit or NEFT or RTGS or NACH in respect of the Bid Amount when submitting a Bid;

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Indemnity Escrow Account means the indemnity escrow account established by the Escrow Agent pursuant to the Escrow Agreement.

  • Reserve Account Initial Deposit means $[ ].

OSZAR »