Common use of Appointment of the Escrow Agent Clause in Contracts

Appointment of the Escrow Agent. The Escrow Agent is hereby appointed by the Company and Buyer as escrow agent under this Escrow Agreement, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with the terms and conditions of this Escrow Agreement and instructions given pursuant hereto.

Appears in 1 contract

Samples: Merger Agreement (Oroamerica Inc)

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Appointment of the Escrow Agent. The Purchaser and Seller hereby appoint and designate the Escrow Agent is hereby appointed by as the Company and Buyer as escrow agent under for the purposes set forth in this Escrow Agreement, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with under the terms and conditions of set forth in this Agreement. Notwithstanding the references in this Agreement to the Purchase Agreement, Purchaser and Seller acknowledge that the Escrow Agent is not a party to the Purchase Agreement and instructions given pursuant heretofor any purpose or responsible for its interpretation or enforcement.

Appears in 1 contract

Samples: Escrow Agreement (Global Consumer Acquisition Corp)

Appointment of the Escrow Agent. The Escrow Corp. and the Company hereby designate and appoint the Escrow Agent is hereby appointed by the Company and Buyer to act as escrow agent under and depositary in accordance with the terms and conditions of this Escrow Agreement, and the Escrow Agent hereby accepts such designation and appointment and agrees to act and, upon receipt by wire transfer of the Deposit in accordance with Section 2.1, agrees to hold, invest and disburse the terms and conditions of Escrow Property in accordance with this Escrow Agreement and instructions given pursuant heretoAgreement.

Appears in 1 contract

Samples: Escrow Agreement (Clear Channel Communications Inc)

Appointment of the Escrow Agent. The Company and the Trustee hereby appoint and designate the Escrow Agent is hereby appointed by to hold and disburse the Company Escrow Property (as defined below) on behalf of the Interested Parties and Buyer to act as escrow agent under this Escrow Agreementin accordance with the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with the terms and conditions of this Escrow Agreement and instructions given pursuant heretodesignation.

Appears in 1 contract

Samples: Escrow and Security Agreement (Nii Holdings Inc)

Appointment of the Escrow Agent. The Purchaser and the members of the Shareholder Representative Committee hereby appoint and designate the Escrow Agent is hereby appointed by the Company and Buyer to act as their escrow agent under to receive, hold, invest and disburse the Escrow Funds in accordance with the terms of this Escrow Agreement, and the . The Escrow Agent hereby accepts such appointment as the escrow agent and agrees to act as the escrow agent hereunder in accordance with the terms and conditions of this Escrow Agreement and instructions given pursuant heretoAgreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bassett Furniture Industries Inc)

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Appointment of the Escrow Agent. The Escrow Agent is hereby appointed by Selling Shareholder and the Company and Buyer as escrow agent under this Escrow Agreement, and hereby appoint the Escrow Agent hereby accepts such appointment and agrees to act in accordance with the terms and conditions set forth in this Agreement. The Escrow Agent hereby agrees to act as escrow agent in this transaction and subject to the terms of this Agreement. The Parties hereby appoint the Escrow Agreement Agent as their joint agent for the purpose of holding and instructions given disbursing the Escrow Shares (as defined below) stated herein pursuant heretoto the terms and provisions hereof.

Appears in 1 contract

Samples: Escrow Agreement (Marine Drive Mobile Corp.)

Appointment of the Escrow Agent. The Buyer and Seller hereby appoint and designate the Escrow Agent is hereby appointed by as the Company and Buyer as escrow agent under for the purposes set forth in this Escrow Agreement, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with under the terms and conditions of set forth in this Agreement. Notwithstanding the references in this Agreement to the Purchase Agreement, Buyer and Seller acknowledge that the Escrow Agent is not a party to the Purchase Agreement and instructions given pursuant heretofor any purpose or responsible for its interpretation or enforcement.

Appears in 1 contract

Samples: Escrow Agreement (Stratum Holdings, Inc.)

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