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

Appointment of and Acceptance by the Escrow Agent. Buyer and Seller hereby appoint the Escrow Agent to serve as escrow agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Deposited Funds in accordance with Section 3 below, agrees to hold, invest, and disburse the Escrow Funds in accordance with this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Clarus Corp)

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Appointment of and Acceptance by the Escrow Agent. Buyer and Seller hereby appoint the Escrow Agent to serve as escrow agent hereunderpursuant to this Escrow Agreement. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Deposited Funds Escrow Amount in accordance with Section 3 belowof this Escrow Agreement, agrees to hold, invest, invest and disburse the Escrow Funds Amount in accordance with this Escrow Agreement.

Appears in 1 contract

Samples: Restrictive Covenant Agreement (Pico Holdings Inc /New)

Appointment of and Acceptance by the Escrow Agent. a. The Buyer and Seller the Company hereby appoint the Escrow Agent to serve as the escrow agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Deposited Escrow Funds in accordance with Section 3 below, the Commitment Shares and the Debentures, agrees to holdaccept, invest, hold and disburse the Escrow Funds in accordance with this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Novo Energies Corp)

Appointment of and Acceptance by the Escrow Agent. Buyer The Investor and Seller the Company hereby appoint the Escrow Agent to serve as escrow agent the Escrow Agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Deposited Escrow Funds in accordance with Section 3 5 below, agrees to hold, invest, invest and disburse the Escrow Funds in accordance with this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Smartire Systems Inc)

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Appointment of and Acceptance by the Escrow Agent. Buyer Quepasa and Seller the Recipients hereby appoint the Escrow Agent to serve as escrow agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Deposited Funds Escrow Property in accordance with Section 3 below, agrees to hold, invest, and disburse the Escrow Funds Property in accordance with this Escrow Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Quepasa Corp)

Appointment of and Acceptance by the Escrow Agent. Buyer and Seller hereby appoint the Escrow Agent to serve as escrow agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Deposited Funds in accordance with Section 3 below, agrees to hold, invest, and disburse the Escrow Funds in accordance with this Escrow Agreement. 3.

Appears in 1 contract

Samples: Escrow Agreement

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