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 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 should be unable or unwilling to continue as such Escrow Agent, then the parties hereto may substitute, by mutual written agreement, another person to serve as Escrow Agent.

Appears in 2 contracts

Samples: Escrow Agreement (Majestic Safe-T-Products LTD), Escrow Agreement (Very Best of the Internet Com Inc)

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BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Agreement shall be binding on the heirs, executors and assigns, creditors successors or transferees, or successors in interest, whether by operation of law or otherwise, assigns of the parties hereto. If, for any reason, the Escrow Agent named names herein should be unable or unwilling to continue as such Escrow Agent, then the other parties hereto to this Agreement may substitute, by mutual written agreement, substitute another person to serve as Escrow Agent.

Appears in 1 contract

Samples: Stock Purchase Agreement (Omni Doors Inc)

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BINDING AGREEMENT AND SUBSTITUTION OF ESCROW AGENT. The terms and conditions of this Agreement 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, If for any reason, reason the Escrow Agent named escrow agent herein should be unable or unwilling to continue as such Escrow Agentescrow agent, then the other parties hereto to this agreement may substitute, by mutual written agreementwith the consent of the director, another person to serve as Escrow Agentescrow agent. Any apportionment of the fees provided for in Paragraph 17 will be subject to agreement of the parties.

Appears in 1 contract

Samples: Stock Escrow Agreement

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