Common use of Appointment of Escrow Agent Clause in Contracts

Appointment of Escrow Agent. (a) The Escrow Agent is hereby appointed escrow agent in accordance with the instructions set forth in this Agreement and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 4 contracts

Samples: Share Purchase Agreement (Smart & Final Inc/De), Assignment and Assumption Agreement (Smart & Final Inc/De), Asset Purchase Agreement (Smart & Final Inc/De)

AutoNDA by SimpleDocs

Appointment of Escrow Agent. (a) The parties hereto hereby designate and appoint the Escrow Agent is hereby appointed as escrow agent to act in accordance with the instructions set forth in terms of this Agreement Agreement, and hereby the Escrow Agent agrees to act as such escrow agent on the Escrow Agent under terms, conditions and provisions provided in this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 4 contracts

Samples: Escrow Agreement (Handheld Entertainment, Inc.), Escrow Agreement (Handheld Entertainment, Inc.), Escrow Agreement (Handheld Entertainment, Inc.)

Appointment of Escrow Agent. (a) The Parties hereby jointly appoint the Escrow Agent is hereby appointed to act as escrow agent in accordance with the instructions express terms and conditions set forth in this Agreement herein, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderhereby accepts such appointment.

Appears in 3 contracts

Samples: Joint Operating Agreement, Indemnity Escrow Agreement, Decommissioning Escrow Agreement

Appointment of Escrow Agent. (a) The Parties hereby designate and appoint Escrow Agent is hereby appointed escrow as their agent to receive, hold in escrow, and disburse the Escrow Shares in accordance with the instructions set forth in term of this Agreement Escrow Agreement, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderaccepts such appointment.

Appears in 3 contracts

Samples: Share Purchase Agreement (Red Cat Holdings, Inc.), Escrow Agreement (Red Cat Holdings, Inc.), Escrow Agreement (Dataram Corp)

Appointment of Escrow Agent. (a) The parties hereby agree to appoint the Escrow Agent is hereby appointed as escrow agent to act in accordance with the instructions terms and conditions set forth in this Agreement Agreement, and Escrow Agent hereby accepts such appointment and agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderin accordance with such terms and conditions.

Appears in 3 contracts

Samples: Securities Escrow and Pledge Agreement (Glory Period LTD), Securities Escrow and Pledge Agreement (Link Resources Inc.), Make Good Escrow and Pledge Agreement (China Carbon Graphite Group, Inc.)

Appointment of Escrow Agent. (a) The Escrow Agent is Parties hereby appointed escrow agent in accordance with the instructions set forth in this Agreement mutually appoint and hereby agrees to act as designate the Escrow Agent under this Agreement. The to receive, hold and release, as escrow agent, the Escrowed Property and the Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderhereby accepts such appointment and designation.

Appears in 2 contracts

Samples: Escrow Agreement (Concentrax Inc), Escrow Agreement (Pluris Opportunity Fund LP)

Appointment of Escrow Agent. (a) The Parties hereby appoint the Escrow Agent is hereby appointed escrow agent to act in accordance with and subject to the instructions set forth in terms of this Agreement Agreement, and the Escrow Agent hereby accepts such appointment and agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty in accordance with and subject to enforce any provision hereof requiring performance by any other party hereundersuch terms.

Appears in 2 contracts

Samples: Escrow Agreement (Cleanspark, Inc.), Escrow Agreement (Weyland Tech, Inc.)

Appointment of Escrow Agent. (a) The Escrow Agent is hereby constituted and appointed as escrow agent in accordance with the instructions set forth in this Agreement agent, and hereby accepts its appointment and agrees to act as the Escrow Agent under escrow agent pursuant to this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Stellex Industries Inc), Escrow Agreement (New Frontier Media Inc)

Appointment of Escrow Agent. (a) The Escrow Agent is hereby constituted and appointed as escrow agent in accordance with the instructions set forth in this Agreement agent, and hereby accepts its appointment and agrees to act as escrow agent pursuant to the Escrow Agent under terms and conditions of this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 2 contracts

Samples: Escrow Agreement (Medical Staffing Network Holdings Inc), Escrow Agreement (Guardian International Inc)

Appointment of Escrow Agent. (a) 1.1 The Escrowing Parties hereby appoints the Escrow Agent is hereby appointed as escrow agent in accordance with the instructions terms and conditions set forth in this Agreement herein, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderhereby accepts such appointment.

Appears in 2 contracts

Samples: Escrow Agreement (Codesmart Holdings, Inc.), Escrow Agreement (First Independence Corp.)

Appointment of Escrow Agent. (a) The Escrow Agent is Parties hereby appointed designate and appoint [ESCROW AGENT] to serve as escrow agent in accordance with the instructions terms, conditions, and provisions set forth in this Agreement herein, and the Escrow Agent hereby accepts such appointment and agrees to act as the Escrow Agent under according to the terms and conditions of this Agreement. The Escrow Agent shall have no duty represents that it has the legal power and authority to enforce any provision hereof requiring performance by any other party enter into this Agreement and perform its duties and obligations hereunder.

Appears in 1 contract

Samples: Settlement and Rejection Agreement (Ipc Acquisition Corp)

Appointment of Escrow Agent. (a) The Escrow Parties appoint the Escrow Agent is hereby appointed escrow as their agent to hold in escrow, and to administer the disposition of, the Escrow Account in accordance with the instructions set forth in terms of this Agreement Agreement, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderaccepts such appointment.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cafepress Inc.)

Appointment of Escrow Agent. (a) The Parties hereby designate and appoint Escrow Agent is hereby appointed escrow as their agent to receive, hold in escrow, and disburse the Closing Cash, Escrow Cash and Escrow Shares in accordance with the instructions set forth in term of this Agreement Escrow Agreement, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderaccepts such appointment.

Appears in 1 contract

Samples: Escrow Agreement (Drone Aviation Holding Corp.)

Appointment of Escrow Agent. (a) The Parties hereby designate and appoint Escrow Agent is hereby appointed escrow as their agent to receive, hold in escrow, and disburse the Escrowed Funds in accordance with the instructions set forth in term of this Agreement Escrow Agreement, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderaccepts such appointment.

Appears in 1 contract

Samples: Securities Purchase Agreement (KULR Technology Group, Inc.)

Appointment of Escrow Agent. (a) The Escrow Agent is parties to this Agreement hereby appointed designate and appoint Xxxxxx Xxxxxx Xxxxxxxx, XX, as escrow agent (“Escrow Agent”) with respect to the Escrow Shares, to serve and administer in accordance with the instructions set forth in terms, conditions and provisions of this Agreement Agreement, and the Escrow Agent hereby agrees to act as the such Escrow Agent under upon the terms, conditions and provisions of this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Saflink Corp)

Appointment of Escrow Agent. (a) The Escrow Parties hereby appoint the Escrow Agent is hereby appointed as their agent to hold in escrow agent and administer the disposition of the Escrow Deposit, in accordance with the instructions set forth in terms of this Agreement Agreement, and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunderhereby accepts such appointment.

Appears in 1 contract

Samples: Escrow Agreement (Troika Media Group, Inc.)

AutoNDA by SimpleDocs

Appointment of Escrow Agent. (a) The LLC, Subscriber Representative and Administrative Agent hereby designate the Escrow Agent is hereby appointed escrow agent in accordance with the instructions set forth in this Agreement and hereby agrees to act as escrow agent, and the Escrow Agent under accepts such appointment, subject to the terms and conditions contained in this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Subscription Fee Escrow Agreement

Appointment of Escrow Agent. (a) The Parties hereby appoint the Escrow ---------------------------- Agent to act as escrow agent under this Agreement, and the Escrow Agent is hereby appointed escrow agent accepts such appointment, for the purpose of receiving and disbursing the deposits in accordance with the instructions terms and conditions set forth in this Agreement and hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Cybernet Internet Services International Inc)

Appointment of Escrow Agent. (a) The Parties desire that Escrow Agent is hereby be appointed to act as escrow agent hereunder in accordance with respect of the instructions set forth in this Agreement Transaction Documents and the transactions the subject matter of each, and Escrow Agent hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereundersuch.

Appears in 1 contract

Samples: Escrow Agreement (Compound Natural Foods Inc.)

Appointment of Escrow Agent. (a) The Escrow Agent is hereby appointed escrow agent in accordance with the instructions set forth in this Agreement to hold the funds deposited by Purchaser (the "Rental Escrow Fund") and to make disbursements thereof all in accordance with the terms hereof and Escrow Agent hereby agrees to act as the Escrow Agent under this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Network Services Agreement (Interland Inc /Mn/)

Appointment of Escrow Agent. (a) The Manufacturer and the Company hereby designate and appoint the Escrow Agent is hereby appointed as escrow agent to act in accordance with the instructions set forth in terms of this Agreement Agreement, and hereby the Escrow Agent agrees to act as such escrow agent on the Escrow Agent under terms, conditions and provisions provided in this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Accounts Receivable Financing and Escrow Agreement (Handheld Entertainment, Inc.)

Appointment of Escrow Agent. (a) The Parent and each of the Shareholders hereby designate and appoint Escrow Agent is hereby appointed to serve as escrow agent in accordance with the instructions set forth in this Agreement and Escrow Agent hereby agrees confirms its agreement to act as escrow agent upon the Escrow Agent under terms, conditions and provisions of this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Barton Protective Services LLC)

Appointment of Escrow Agent. (a) The parties hereby appoint the Escrow Agent is hereby appointed escrow agent in accordance with the instructions set forth in this Agreement and hereby agrees to act as escrow holder for the Escrow Agent Purchase Price, the Shares Certificate, the Pledge Shares and Sale of Subsidiaries Agreement under the terms of this Agreement. The Escrow Agent shall have no duty hereby accepts such appointment, subject to enforce any provision hereof requiring performance by any other party hereunderthe terms, conditions, and limitations hereof.

Appears in 1 contract

Samples: Escrow Agreement (Investnet Inc)

Appointment of Escrow Agent. (a) The Escrow Agent is Parties hereby appointed escrow agent in accordance with the instructions set forth in this Agreement and hereby agrees to act as appoint the Escrow Agent as the escrow agent under and pursuant to the terms, conditions and provisions of this Agreement. The , and the Escrow Agent shall have no duty hereby accepts such appointment and agrees to enforce any provision hereof requiring performance by any other party hereunderperform the duties thereof subject to the terms, conditions and provisions of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Mapi - Pharma LTD)

Appointment of Escrow Agent. The Parties hereby designate and appoint the Escrow Agent as joint escrow agent for the Buyers, on the one hand, and Hosting, on the other hand, pursuant to the terms hereof. The Escrow Agent agrees to (a) The Escrow Agent is hereby appointed escrow agent in accordance with the instructions set forth in this Agreement and hereby agrees to act as the Escrow Agent under and (b) deposit and hold all portions of the Escrow Fund (as defined below) in an account or accounts maintained by the Escrow Agent, in each case in accordance with the terms and conditions of this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Indemnity Escrow Agreement (Brekka Richard)

Appointment of Escrow Agent. (a) The Escrow Agent is hereby appointed as escrow agent to hold and disburse the funds and shares deposited hereunder in accordance with the instructions set forth in this Agreement and hereby agrees to act as the Escrow Agent under terms of this Agreement. The Escrow Agent shall have no duty to enforce any provision hereof requiring performance by any other party hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Bankatlantic Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.