Custody Standard Sample Clauses

Custody Standard. The Escrow Agent shall invest the Security Amount in Swiss Francs denominated fiduciary deposits, free of any withholding tax, with first class international banks and with a term of not more than three (3) months. Interest and other earnings from such investments shall be credited to the Escrow Account. The Escrow Agent undertakes to ensure that the Escrow Account and all funds held in it are maintained as a separate bank account, identified as a fiduciary deposit (Treuhandkonto), such that (i) the Security Amount shall be released pursuant to article 5.2 only, and (ii) no third parties (including the account holding bank) shall be entitled to make or claim any rights, liens or encumbrances to or over the Escrow Account or any funds held in it.
AutoNDA by SimpleDocs
Custody Standard. The Escrow Agent shall hold the Escrow Share in safe custody and shall not sell, pledge, or otherwise encumber the Escrow Share. The Escrow Agent undertakes to ensure on a best effort’s basis (subject to third party attachment and similar rights) that the Escrow Share will be released in accordance with (and only in accordance with) Section 0.
Custody Standard. (a) The Escrow Agent shall hold the Shares in safe custody and shall not sell, pledge or otherwise encumber the Shares.
Custody Standard. The Escrow Agent shall invest the Security Amount in Swiss francs-denominated fiduciary deposits, free of any withholding tax, with first class international banks and with a term of not more than three

Related to Custody Standard

  • Operations Manual The Franchisor agrees to loan to the Franchisee one or more manuals, technical bulletins, cookbooks and recipes and other written materials (collectively referred to as “Operations Manual”) covering Factory Candy ordering, Store Candy manufacturing, processing and stocking and other operating and in-store marketing techniques for the ROCKY MOUNTAIN CHOCOLATE FACTORY Store. The Franchisee agrees that it shall comply with the Operations Manual as an essential aspect of its obligations under this Agreement, that the Operations Manual shall be deemed to be incorporated herein by reference and failure by the Franchisee to substantially comply with the Operations Manual may be considered by the Franchisor to be a breach of this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!