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 Parties that it will perform all of its obligations under this Agreement and will not deliver custody or possession of any of the Escrow Fund to anyone except pursuant to the express terms of this Agreement.

Appears in 3 contracts

Samples: Escrow Agreement (Apricus Biosciences, Inc.), Stock Purchase Agreement (Heat Biologics, Inc.), Share Purchase Agreement (Procera Networks Inc)

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Covenant of the Escrow Agent. The Escrow Agent hereby agrees and covenants with the Interested Parties that it will perform all of its obligations under this Escrow Agreement and will not deliver custody or possession of any of the Escrow Fund Property to anyone except pursuant to the express terms of this Escrow Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cellect Biotechnology Ltd.)

Covenant of the Escrow Agent. The Escrow Agent hereby agrees and covenants with the Parties Purchaser and the Shareholder that it will shall perform all of its obligations under this Agreement in its capacity as escrow agent and will shall not deliver custody or possession of any of the Escrow Fund to anyone except pursuant to the express terms of this AgreementAgreement or as otherwise required by law.

Appears in 1 contract

Samples: Intellectual Property Assignment (ExamWorks Group, Inc.)

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

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cantel Medical Corp)

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

Appears in 1 contract

Samples: Agreement of Merger and Acquisition (Tilray, Inc.)

Covenant of the Escrow Agent. The Escrow Agent hereby agrees and covenants with the Parties that it will perform all of its obligations under this Agreement in accordance with its terms and it will not deliver custody or possession of any of the Escrow Fund to anyone except pursuant to the express terms of this Agreement.

Appears in 1 contract

Samples: Escrow Agreement (Amergent Hospitality Group, Inc)

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