Appointment of Escrow Holder. The parties hereby appoint XXXXXXX X. XXX, III, ESQ. of San Diego, California as the Escrow Holder pursuant to this Agreement.
Appointment of Escrow Holder. The parties hereby agree to have Xxxxx Xxxxxx Xxxxxxx & Xxxxxxx act as Escrow Agent whereby the Escrow Agent shall receive the Escrow Shares in escrow and distribute the same as set forth in this Agreement.
Appointment of Escrow Holder. The SELLERS, STOCXXXX xxx the COMPANY hereby appoint CARMXXX X. XXX, XXQ. of San Diego, California as the ESCROW HOLDER for this Agreement.
Appointment of Escrow Holder. Company and the Placement Agents hereby appoint Escrow Holder to serve as Escrow Holder hereunder, and Escrow Holder hereby accepts such appointment in accordance with the terms of this Escrow Agreement.
Appointment of Escrow Holder. Pledgor and Secured Party hereby appoint Escrow Holder for the purposes set forth in this Agreement, and Xxxxxx Holder accepts such appointment on the terms and conditions set forth herein.
Appointment of Escrow Holder. The parties hereby appoint . as the Escrow Holder for this Agreement:
1. Upon or prior to the closing of this Agreement Axis and Shareholders shall deliver to the Escrow Holder, share certificates for the Transfer Shares along with the Medallion Signature Guarantees of the named holders of the certificates.
2. Upon or prior to the closing of this Agreement, Purchaser shall deliver to the Escrow Holder share certificates representing the purchase price of the Transfer Shares.
3. Upon receipt of the Transfer Shares and the three hundred thousand shares of Series C Preferred Shares of Nexia Holdings, Inc., the Escrow Holder shall release the funds and the Transfer Assets to the proper parties.
Appointment of Escrow Holder. The Company and the Stockholder hereby ppoint Xxxxxxx X. Xxxx, Esq., of Newport Beach, California, as the Escrow Holder for this Agreement.
Appointment of Escrow Holder. Seller and Buyer appoint Escrow Holder as the agent to receive, hold and disburse the funds comprising the Holdback Amount strictly in accordance with the terms and conditions hereof. Escrow Holder hereby accepts such appointment, and agrees to comply with the terms of this Agreement applicable to Escrow Holder. The Holdback Amount shall at all times remain invested by Escrow Holder with Bank of America (or another financial institution reasonably acceptable to Buyer and Seller), in a federally-insured, interest-bearing, money-market account (the “Reserve Account”), in the name of and under the control of Escrow Holder, as escrow agent for Seller. Interest earned on the Holdback Amount shall be charged to Seller’s tax identification number, and such interest shall be added to and constitute a part of the Holdback Amount. On or prior to Closing, Seller shall deliver to Escrow Holder a completed and signed Form W-9 Request for Taxpayer Identification Number along with deposit investment instructions consistent with this paragraph.
Appointment of Escrow Holder. (a) The Buyer and the Sellers appoint the Escrow Holder as their agent and custodian to hold, invest and disburse the Escrowed Funds, as defined below, in accordance with the terms of this Escrow Agreement.
(b) The Buyer and the Sellers acknowledge and agree that this Escrow Agreement shall be subject to the terms of the Stock Purchase Agreement. Notwithstanding the foregoing, the duties and obligations of the Escrow Holder will be determined solely by this Escrow Agreement and any subsequent amendments or supplemental instructions agreed to in writing as provided below. Except as otherwise expressly provided herein, the Escrow Holder shall not refer to, and shall not be bound by, the provisions of any other agreement.
(c) The Escrow Holder hereby accepts its appointment and agrees to act as the Escrow Holder according to the terms and conditions of this Escrow Agreement. The Escrow Holder represents that it has the legal power and authority to enter into this Escrow Agreement and perform its duties and obligations hereunder. The Escrow Holder further agrees that all property held by the Escrow Holder hereunder shall be segregated from all other property held by the Escrow Holder and identified as being held in connection with this Escrow Agreement. Such segregation may be accomplished by appropriate identification on the books and records of the Escrow Holder. The Escrow Holder agrees that its documents and records with respect to the transactions contemplated hereby will be available for examination by authorized representatives of the Buyer and the Sellers' Representative during the Escrow Holder's regular business hours.
(d) The Escrow Holder shall not in any way be bound or affected by any modification or cancellation of this Escrow Agreement unless notice thereof is jointly given, in writing, to the Escrow Holder by the Sellers' Representative and the Buyer. The obligations of the Escrow Holder shall not be modified unless the Escrow Holder has consented to the modification in writing, which consent shall not be unreasonably withheld.
(e) Upon termination of this Escrow Agreement, the Escrow Holder may request from any and all of the parties hereto such additional assurances, certificates, satisfactions, releases and/or other documents as it may reasonably deem appropriate to evidence the termination of this Escrow Agreement.
Appointment of Escrow Holder. The Parties hereby mutually appoint Escrow Holder to act as the depository under this Agreement on the terms and conditions set forth herein. The Escrow Holder accepts appointment hereunder, agrees to perform its duties and obligations set forth herein, and warrants that it is a federally or state chartered financial institution.
