Examples of Escrow Agreement in a sentence
The Parties, severally, on a 50%-50% basis and to the extent permitted by law, agree to release and indemnify Escrow Holder as to any liability by reason of this Escrow Agreement, or in connection herewith and to reimburse Escrow Holder for all its expenses, including, but not necessarily limited to, attorney’s fees and court costs incurred in connection herewith, except for Escrow Holder’s own misconduct or negligence.
Notwithstanding the foregoing, should the terms of the Escrow Agreement be complied with, in the judgment of the Escrow Holder, then the Escrow Holder may disburse any funds, distribute any documents, or take such action without specific further written instructions from any Party.
In the event of a conflict between this Specification 2 and the Escrow Agreement, this Specification 2 shall control.
Escrow Agent and Registry Operator shall amend the terms of the Escrow Agreement to conform to this Specification 2 within ten (10) calendar days of any amendment or modification to this Specification 2.
Unless Escrow Agent has previously released the Registry Operator’s Deposits to ICANN or its designee, Escrow Agent will deliver all Deposits to ICANN upon expiration or termination of the Registry Agreement or the Escrow Agreement.