Common use of Covenant of the Escrow Agent Clause in Contracts

Covenant of the Escrow Agent. The Escrow Agent hereby agrees and covenants with the Designated Company and each Aleris Incremental Term Lender that it shall perform all of its obligations as Escrow Agent under this Agreement and the Aleris Increase Joinder Amendment and shall not deliver custody or possession of any of the Escrowed Amounts to any Person except pursuant to (i) the express terms of this Section 2.21 or (ii) as otherwise expressly required by Requirements of Law.

Covenant of the Escrow Agent. The Escrow Agent hereby agrees and covenants with the Designated Company Company, the Borrower and each Aleris Incremental Term Lender that it shall perform all of its obligations as Escrow Agent under this Agreement and the Aleris Increase Joinder Amendment and shall not deliver custody or possession of any of the Escrowed Amounts to any Person except pursuant to (i) the express terms of this Section 2.21 2.18 or (ii) as otherwise expressly required by Requirements of Law.