Amendment; Resignation. This Agreement may be altered or amended only with the written consent of the Issuer and the Escrow Agent. The Escrow Agent may resign for any reason upon seven (7) business days written notice to the Issuer. Should the Escrow Agent resign as herein provided, it shall not be required to accept any deposit, make any disbursement or otherwise dispose of the Deposited Proceeds, but its only duty shall be to hold the Deposited Proceeds for a period of not more than ten (10) business days following the effective date of such resignation, at which time
Appears in 2 contracts
Samples: Escrow Agreement (Alphatech Inc), Escrow Agreement (Alphatech Inc)
Amendment; Resignation. This Agreement may be altered or amended only with the written consent of the Issuer and the Escrow Agent. The Escrow Agent may resign for any reason upon seven (7) business days written notice to the Issuer. Should the Escrow Agent resign as herein provided, it shall not be required to accept any deposit, make any disbursement or otherwise dispose of the Deposited ProceedsSecurities, but its only duty shall be to hold the Deposited Proceeds Securities for a period of not more than ten (10) business days following the effective date of such resignation, at which time
Appears in 1 contract
Samples: Escrow Agreement (Sunrise Usa Inc)
Amendment; Resignation. 7.1. This Agreement may be altered or amended only with the written consent of the Issuer and the Escrow Agentparties hereto. The Escrow Agent may resign for any reason upon seven fourteen (714) business days days' written notice to the Issuer. Should the Escrow Agent resign as herein provided, it shall not be required to accept any deposit, make any disbursement or otherwise dispose of the Deposited Proceeds, but its only duty shall be to hold the Deposited Proceeds for a period of not more than ten (10) business days following the effective date of such resignation, at which timeany
Appears in 1 contract