Common use of BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT Clause in Contracts

BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Escrow Agreement shall be binding on the heirs, executors and assigns, creditors or transferees, or successors in interest, whether by operation of law or otherwise, of the Parties hereto. If, for any reason, the Escrow Agent named herein is unable or unwilling to continue to act, then the Company, at its sole discretion, may substitute another escrow agent.

Appears in 2 contracts

Samples: Escrow Agreement (Iroquois Bio Energy Co LLC), Escrow Agreement (Iroquois Bio Energy Co LLC)

AutoNDA by SimpleDocs

BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Escrow Agreement shall be binding on the heirs, executors and assigns, creditors or transferees, or successors in interest, whether by operation of law or otherwise, of the Parties parties hereto. If, for any reason, the Escrow Agent named herein is should be unable or unwilling to continue to actas such escrow agent, then the Company, at its sole discretion, Company may substitute another escrow agent. Any apportionment of the fees provided for in paragraph 7 will be subject to agreement of the parties.

Appears in 1 contract

Samples: Escrow Agreement (Badger State Ethanol LLC)

BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Escrow Agreement shall be binding on the heirs, executors and assigns, creditors or transferees, or successors in interest, whether by operation of law or otherwise, of the Parties parties hereto. If, If for any reason, reason the Escrow Agent named herein is herein, should be unable or unwilling to continue as such escrow agent, the other parties to act, then the Company, at its sole discretion, this Agreement may substitute another person to serve as escrow agent. No party may assign its rights or obligations hereunder without the consent in writing of the other parties hereto.

Appears in 1 contract

Samples: Escrow Agreement (Next Generation Media Corp)

BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Escrow Agreement shall be binding on the heirs, executors and assigns, creditors or transferees, or successors in interest, whether by operation of law or otherwise, of the Parties parties hereto. If, for any reason, the Escrow Agent named herein is should be unable or unwilling to continue to actas such Escrow Agent, then the Company, at its sole discretion, Company may substitute another escrow agent.

Appears in 1 contract

Samples: Stock Purchase Agreement (Famco Ii Liability Co & Family Financial Strategies Inc)

AutoNDA by SimpleDocs

BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Escrow Agreement shall be binding on the heirs, executors and assigns, creditors or transferees, or successors in interest, whether by operation of law or otherwise, of the Parties parties hereto. If, for any reason, the Escrow Agent named herein is should be unable or unwilling to continue to actas such Escrow Agent, then the Company, at its sole discretion, Issuer may substitute another escrow agent.

Appears in 1 contract

Samples: Stock Purchase Agreement (Telident Inc /Mn/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!