Common use of Covenant of Escrow Agent Clause in Contracts

Covenant of Escrow Agent. The Escrow Agent hereby agrees and covenants with the Buyer and the Seller that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds to anyone except pursuant to the express terms of this Agreement or as otherwise required by law.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tattooed Chef, Inc.)

AutoNDA by SimpleDocs

Covenant of Escrow Agent. The Escrow Agent hereby agrees and covenants with the Buyer Purchaser and the Seller Representative that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds to anyone except pursuant to the express terms of this Agreement or as otherwise required by law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Talen Energy Supply, LLC)

Covenant of Escrow Agent. The Escrow Agent hereby agrees and covenants with the Buyer and the Seller that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Adjustment Escrow Funds to anyone except pursuant (a) to the express terms of this Agreement or (b) as otherwise required by lawLaw (provided, that in the case of clause (b), the Escrow Agent will provide the Parties with prior written notice of such delivery).

Appears in 1 contract

Samples: Asset Purchase Agreement

Covenant of Escrow Agent. The Escrow Agent hereby agrees and covenants with the Buyer Acquirer and the Seller Sellers that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds to anyone except pursuant to the express terms of this Agreement or as otherwise required by law.

Appears in 1 contract

Samples: Non Competition Agreement (Chegg, Inc)

Covenant of Escrow Agent. The Escrow Agent hereby xxxxxx agrees and covenants with the Buyer and the Seller Sellers’ Representative that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds to anyone except pursuant to the express terms of this Agreement or as otherwise required by applicable law.

Appears in 1 contract

Samples: Stock Purchase Agreement (Enpro Inc.)

AutoNDA by SimpleDocs

Covenant of Escrow Agent. The Escrow Agent hereby agrees and covenants with the Buyer and the Seller Sellers’ Representative that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds Fund to anyone except pursuant to the express terms of this Agreement, the Purchase Agreement or as otherwise required by law.

Appears in 1 contract

Samples: Stock Purchase Agreement (Penn National Gaming Inc)

Covenant of Escrow Agent. The Escrow Agent hereby agrees and covenants with the Buyer and the Seller that it shall perform all of its obligations under this Agreement and shall not deliver custody or possession of any of the Escrow Funds to anyone except pursuant to the express terms of this Agreement or as otherwise required by law.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (USD Partners LP)

Time is Money Join Law Insider Premium to draft better contracts faster.