Amendment to the Escrow Agreement Sample Clauses

Amendment to the Escrow Agreement. The parties hereto agree that the Escrow Agreement shall be amended as set forth in this Section 1.1. Section 3.1 of the Escrow Agreement is hereby amended and restated in its entirety as follows: “The Underwriter shall promptly deliver to the Escrow Agent all monies in the form of checks or wire transfers which it receives from prospective purchasers of the Securities by noon of the next business day following receipt where internal supervisory review is conducted at the same location at which subscription documents and monies are received. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered to the Escrow Agent shall be made payable to “CST&T Hailiang Education Group Inc. Escrow Account.” Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient information to do so, then to the Underwriter (together with any Subscription Information, as defined below or other documents delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.”
Sample 1
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Amendment to the Escrow Agreement. Section 2(b) of the Escrow Agreement is hereby amended by deleting said section in its entirety and inserting the following in lieu thereof:
Sample 1
Amendment to the Escrow Agreement. The Investor, the Company and the Vendor will procure JB to prepare an amended Escrow Agreement with all amendments reasonably required in order to carry into effect, or consequential upon, the further variation and the novation of the Letter of Offer as provided for in the Amendment and Novation Agreement, and shall sign the same (and the Investor and the Company shall procure that the same shall also be signed by the other parties to the Escrow Agreement) no later than 20 September 2010 (or such later date as may be agreed in writing by the parties). If no such amended Escrow Agreement has been signed on or before 20 September 2010 (or such later date as may be agreed in writing by the parties), the Amendment and Novation Agreement shall become null and void.
Sample 1
Amendment to the Escrow Agreement. Section 4.1 of the Escrow Agreement is hereby deleted in its entirety and replaced with the following: "4.1 The Deposit, without any right of set-off, shall be paid to Empress in the event of termination of the Merger Agreement pursuant to Sections 10.01(a), (b), (d), (h) or (i). The Deposit shall be returned to Buyers in the event of termination of the Merger Agreement pursuant to Sections 10.01(c), (e) or (f). In the event of a termination of the Merger Agreement pursuant to Section 10.01(g), Buyers and Sellers shall mutually determine how the Deposit will be disbursed. Except as provided in Section 4.2 below, Escrow Agent shall release the Deposit only upon receipt of (i) joint written instructions executed by Buyers and Sellers, (ii) an order of the Arbitrating Accountant pursuant to Section 4.3 hereof, or (iii) a final non-appealable order of a court of competent jurisdiction pursuant to Section 8 hereof. Unless the Deposit is released pursuant to this Agreement prior to the Closing Date (as defined in Section 9.01 of the Merger Agreement), the Deposit shall be credited against the Merger Consideration and disbursed by Escrow Agent to Empress in accordance with Section 1.05 of the Merger Agreement. Upon release of the Deposit as provided for herein, this Agreement shall terminate, and the Escrow Agent shall be discharged of any further liability."
Sample 1
Amendment to the Escrow Agreement. The Purchaser, the New Buyer and the Company (collectively, the “Parties”) shall procure the Escrow Agent to prepare an amended Escrow Agreement with all amendments reasonably required in order to carry into effect, or consequential upon, the further variation and the novation of the Agreement as provided for in the Amendment and Novation Agreement, and shall sign the same (and the Purchaser and the New Buyer shall procure that the same shall also be signed by the other parties to the Escrow Agreement) no later than 20 September 2010 (or such later date as may be agreed in writing by the Parties). If no such amended Escrow Agreement has been signed on or before 20 September 2010 (or such later date as may be agreed in writing by the Parties) by the Parties and the other parties to the Escrow Agreement and also, if necessary the New Buyer, the Amendment and Novation Agreement shall become null and void.
Sample 1
Amendment to the Escrow Agreement. The first sentence of Section 1.07 of the Escrow Agreement is hereby amended in its entirety to read in full as follows: “Except as otherwise provided in this Escrow Agreement and Article X of the Purchase Agreement, the Cash Escrow shall terminate at 11:59 p.m. Pacific Time on the earlier of (i) thirty (30) days following the filing of ISC’s consolidated financial statements with the SEC which include Optex’s revenues for the quarter ended December 31, 2005 or (ii) ninety (90) days after the Closing (the “Cash Escrow Termination Date”), and the Stock Escrow shall terminate at 11:59 p.m. Pacific Time on December 29, 2006 (the “Stock Escrow Termination Date”).”
Sample 1

Related to Amendment to the Escrow Agreement

  • Amendment to the Agreement Pursuant to Section 8.3 of the Agreement, Section 2.1 of the Agreement is hereby amended and restated in its entirety to read as follows:

  • Escrow Agreement Purchaser and the Escrow Agent shall have executed and delivered the Escrow Agreement.

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • AMENDMENT AGREEMENT The Global Custody Agreement of January 3, 1994, (the “Custody Agreement”), as amended from time to time, by and between each of the Entities listed in Schedule A, as amended thereto, severally and not jointly (each such entity referred to hereinafter as the “Customer”) and JPMorgan Chase Bank, whose contracts have been assumed by JPMORGAN CHASE BANK (the “Bank”) is hereby further amended, as of April 21, 2011 (the “Amendment Agreement”). Terms defined in the Custody Agreement are used herein as therein defined.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment to Agreement Effective as of the Amendment No. 2 Effective Date, the Agreement shall be amended as follows: The parties hereby agree to amend Exhibit A by adding the following new text as a new section 5: [START NEW TEXT]

  • Agreement Amendment If either party hereto requests to amend this agreement, it shall notify the other party in writing, and the other party shall respond within one week. All amendments of this agreement must be made in writing by both parties, and such amendments shall be deemed as inseverable parts of this agreement.

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

  • Exclusive Agreement; Amendment This Agreement supersedes all prior agreements or understandings among the parties with respect to its subject matter with respect thereto and cannot be changed or terminated orally.

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