Escrow Settlement and Closing Clause Example from Business Contracts

This example Escrow Settlement and Closing clause appears in 2 contracts from 1 company

Escrow Settlement and Closing. If the Offering is not settled via delivery versus payment ("DVP"), the Company and Wainwright shall enter into an escrow agreement with a third party escrow agent pursuant to which Wainwright's 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, Wainwright shall arrange for its clearing agent to provide the funds to facilitate such settlement.