Common use of CHANGE OF ESCROW AGENT Clause in Contracts

CHANGE OF ESCROW AGENT. Section 6.01. A national banking association located in the United States or a state bank or trust company organized under the laws of a state of the United States, qualified as a depository of public funds, may be substituted to act as Escrow Agent under this Escrow Agreement upon agreement of the parties hereto. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights under this Escrow Agreement and transfer the Escrow Fund.

Appears in 4 contracts

Samples: Equipment Lease Purchase Agreement, Escrow Agreement, Equipment Lease Purchase Agreement

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CHANGE OF ESCROW AGENT. Section 6.016.1. A national banking association located in the United States or a state bank or trust company organized under the laws of a state of the United States, qualified as a depository of public funds, may be substituted to act as the Escrow Agent under this Escrow Agreement upon agreement of the parties hereto. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights under this Escrow Agreement and transfer the Escrow FundAgreement.

Appears in 1 contract

Samples: Escrow Agreement

CHANGE OF ESCROW AGENT. Section 6.01. A national banking association located in the United States of America or a state bank or trust company organized under the laws of a state of the United StatesStates of America, qualified as a depository of public funds, may be substituted to act as Escrow Agent under this Escrow Agreement upon the agreement of the parties heretoPurchaser and Radio Unica. Such substitution shall not be deemed to affect the rights or obligations of the partiesParties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights and obligations under this Escrow Agreement and transfer the Escrow FundAgreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Radio Unica Communications Corp)

CHANGE OF ESCROW AGENT. Section 6.01. A national banking association located in the United States or a state bank or trust company organized under the laws of a state of the United States, qualified as a depository of public funds, may be substituted to act as Escrow Agent under this Escrow Agreement upon agreement of the parties heretoIssuer, Lessee and Bondholder. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights under this Escrow Agreement and transfer the Escrow FundAgreement.

Appears in 1 contract

Samples: Escrow Agreement (Systemax Inc)

CHANGE OF ESCROW AGENT. Section 6.01. A national banking association located in the United States or a state bank or trust company organized under the laws of a state of the United States, qualified as a depository of public funds, may be substituted to act as Escrow Agent under this Escrow Agreement upon agreement of the parties heretoIssuer, Borrower and Lender. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights under this Escrow Agreement and transfer the Escrow FundAgreement.

Appears in 1 contract

Samples: Escrow Agreement

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CHANGE OF ESCROW AGENT. Section 6.01. A national banking association located in the United States or a state bank or trust company organized under the laws of a state of the United States, qualified as a depository of public funds, may be substituted to act as Escrow Agent under this Escrow Agreement upon agreement of the parties hereto. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights under this Escrow Agreement and transfer the Escrow FundAgreement.

Appears in 1 contract

Samples: Master Lease Agreement

CHANGE OF ESCROW AGENT. Section 6.01. A national banking association located in the United States or a state bank or trust company organized under the laws of a state of the United States, qualified as a depository of public funds, may be substituted to act as Escrow Agent under this Escrow Agreement upon agreement of the parties hereto. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agrees to assign to such substitute Escrow Agent its rights under this Escrow Agreement and transfer the Escrow FundAgreement.

Appears in 1 contract

Samples: Loan Agreement (Elexsys International Inc)

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