Common use of Appointment of and Acceptance by Escrow Agent Clause in Contracts

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund and to act as escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Leucadia National Corp), Membership Interest Purchase Agreement (National Beef Packing Co LLC), Escrow Agreement (U. S. Premium Beef, LLC)

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Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Seller Representative hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund and to act serve as escrow agent for the purposes set forth herein, and the hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Amount in accordance with Section 3 below, agrees to hold, invest and designation under disburse the terms and conditions set forth hereinEscrow Amount in accordance with this Escrow Agreement.

Appears in 2 contracts

Samples: Equity Interest Purchase Agreement, Equity Interest Purchase Agreement

Appointment of and Acceptance by Escrow Agent. The Seller and Buyer and the Indemnifying Sellers hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund and to act serve as escrow agent hereunder for the purposes set forth herein, and the . Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein. Upon its receipt of the Escrow Funds in accordance with Section 3 below, Escrow Agent agrees to hold, invest and disburse Escrow Funds in accordance with this Agreement.

Appears in 1 contract

Samples: Interest Purchase Agreement (Global Eagle Entertainment Inc.)

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Seller hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund Funds under the terms and conditions set forth herein and to act as escrow agent for the purposes set forth herein and under the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 1 contract

Samples: Escrow Agreement (Microbot Medical Inc.)

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Representative hereby appoint and designate the Escrow Agent to acquire receive the Adjustment Escrow Amount, Insurance Deductible Escrow Amount and the Sellers Representative Escrow Amount (as defined below), maintain possession of and distribute the Escrow Fund Deposit (as defined below) in accordance with the terms hereof and to act as escrow agent for the purposes of and in accordance with the terms set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mattress Firm Holding Corp.)

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Seller Representative hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund and to act serve as escrow agent for the purposes set forth herein, and the hereunder. Escrow Agent hereby accepts such appointment and designation under agrees to act in accordance with the terms and conditions set forth hereinof this Agreement and the instructions given pursuant hereto and in the Letter of Direction.

Appears in 1 contract

Samples: Escrow Agreement (Northern Pacific Growth Investment Advisors, LLC)

Appointment of and Acceptance by Escrow Agent. The Buyer Parent and the Indemnifying Sellers Stockholder Representative hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund Funds on behalf of the Stockholders and to act as escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 1 contract

Samples: Merger Agreement (FTT Holdings, Inc.)

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Seller hereby appoint and designate the Escrow Agent to acquire and receive the Escrow Amount, maintain possession of the Escrow Fund Funds (as defined below) and to act as escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mattress Firm Holding Corp.)

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Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund and to act serve as escrow agent for the purposes set forth herein, and the hereunder. Escrow Agent hereby accepts such appointment and, upon receipt thereof in accordance with Section 3 below, agrees to hold, invest and designation under disburse the terms and conditions set forth hereinEscrow Funds in accordance with this Escrow Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Auxilio Inc)

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Representative hereby appoint and designate the Escrow Agent to acquire the Escrow Amount and maintain possession of the Escrow Fund Funds (as defined below) and to act as escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Mattress Firm Holding Corp.)

Appointment of and Acceptance by Escrow Agent. The Buyer and the Indemnifying Sellers Seller hereby appoint and designate the Escrow Agent to acquire and maintain possession of the Escrow Fund and to act serve as escrow agent for the purposes set forth herein, and the hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3, shall hold, invest and designation under disburse the terms and conditions set forth hereinEscrow Funds in accordance with this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Celadon Group Inc)

Appointment of and Acceptance by Escrow Agent. The Buyer Representative and the Indemnifying Sellers Parent hereby appoint and designate the Escrow Agent to acquire hold and maintain possession of the Escrow Fund Account (as defined below) and the Escrow Amount deposited therein and to act as escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

Appears in 1 contract

Samples: Merger Agreement (SB/RH Holdings, LLC)

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