Common use of DELIVERY AND DEPOSIT OF ESCROWED PROPERTY Clause in Contracts

DELIVERY AND DEPOSIT OF ESCROWED PROPERTY. Upon the execution of this Agreement by all parties hereto, TriZetto will promptly deliver to the Escrow Agent the Escrow Shares in the form of duly authorized and executed stock certificates issued in the respective names of the Novaxxx Xxxurityholders, representing each Novaxxx Xxxurityholder's Pro Rata Share of the Escrow Shares; and (b) each Novaxxx Xxxurityholder will promptly deliver to the Escrow Agent duly executed Stock Assignments Separate From Certificate for such Novaxxx Xxxurityholder's Escrow Shares in the form of Exhibit B ("Stock Powers"), signed in blank by such Novaxxx Xxxurityholder. The Escrow Agent agrees to accept delivery of the above-mentioned Escrowed Property, which shall be clearly designated by TriZetto and the Novaxxx Xxxurityholders, as applicable, as "Escrowed Property", and to hold the same in escrow in an escrow account (the "Escrow Account"), subject to the terms and conditions of this Agreement. The Escrow Agent shall deliver a Receipt and Acknowledgement to the Representative upon receipt of any Escrowed Property.

Appears in 1 contract

Samples: Offset Escrow Agreement (Trizetto Group Inc)

AutoNDA by SimpleDocs

DELIVERY AND DEPOSIT OF ESCROWED PROPERTY. Upon the execution of this Agreement by all parties hereto, : (a) TriZetto will promptly deliver to the Escrow Agent the Escrow Shares in the form of duly authorized and executed stock certificates issued in the respective names of the Novaxxx XxxurityholdersFinserv Securityholders, representing each Novaxxx XxxurityholderFinserv Securityholder's Pro Rata Share of the Escrow Shares; Shares and (b) each Novaxxx Xxxurityholder Finserv Securityholder will promptly deliver to the Escrow Agent duly executed Stock Assignments Separate From Certificate for such Novaxxx XxxurityholderFinserv Securityholder's Escrow Shares in the form of Exhibit B ("Stock Powers"), signed in blank by such Novaxxx XxxurityholderFinserv Securityholder. The Escrow Agent agrees to accept delivery of the above-mentioned Escrowed Property, which shall be clearly designated by TriZetto and the Novaxxx Xxxurityholders, as applicable, as "Escrowed Property", and to hold the same in escrow in an escrow account (the "Escrow Account"), subject to the terms and conditions of this Agreement. The Escrow Agent shall deliver a Receipt and Acknowledgement to the Representative upon receipt of any Escrowed Property.

Appears in 1 contract

Samples: Escrow Agreement (Trizetto Group Inc)

DELIVERY AND DEPOSIT OF ESCROWED PROPERTY. Upon the execution of this Agreement by all parties hereto, TriZetto will promptly deliver to the Escrow Agent the Escrow Shares in the form of duly authorized and executed stock certificates issued in the respective names of the Novaxxx XxxurityholdersStockholders, representing each Novaxxx XxxurityholderStockholder's Pro Rata Share of the Escrow Shares; and (b) each Novaxxx Xxxurityholder Stockholder will promptly deliver to the Escrow Agent duly executed Stock Powers and Assignments Separate From Certificate for such Novaxxx XxxurityholderStockholder's Escrow Shares in the form of Exhibit B ("Stock Powers"), signed in blank by such Novaxxx XxxurityholderStockholder. The Escrow Agent agrees to accept delivery of the above-mentioned Escrowed Property, which shall be clearly designated by TriZetto and the Novaxxx Xxxurityholders, as applicable, as "Escrowed Property", and to hold the same in escrow in an escrow account (the "Escrow Account"), subject to the terms and conditions of this Agreement. The Escrow Agent shall deliver a Receipt and Acknowledgement to the Representative upon receipt of any the Escrowed Property.

Appears in 1 contract

Samples: Escrow Agreement (Trizetto Group Inc)

AutoNDA by SimpleDocs

DELIVERY AND DEPOSIT OF ESCROWED PROPERTY. Upon the execution of this Agreement by all parties hereto, TriZetto will promptly deliver to the Escrow Agent the Escrow Shares in the form of duly authorized and executed stock certificates issued in the respective names of the Novaxxx XxxurityholdersPartners, representing each Novaxxx XxxurityholderPartner's Pro Rata Share of the Escrow Shares; and (b) each Novaxxx Xxxurityholder Partner will promptly deliver to the Escrow Agent duly executed Stock Powers and Assignments Separate From Certificate for such Novaxxx XxxurityholderPartner's Escrow Shares in the form of Exhibit B ("Stock Powers"), signed in blank by such Novaxxx XxxurityholderPartner. The Escrow Agent agrees to accept delivery of the above-mentioned Escrowed Property, which shall be clearly designated by TriZetto and the Novaxxx Xxxurityholders, as applicable, as "Escrowed Property", and to hold the same in escrow in an escrow account (the "Escrow Account"), subject to the terms and conditions of this Agreement. The Escrow Agent shall deliver a Receipt and Acknowledgement to the Representative upon receipt of any the Escrowed Property.

Appears in 1 contract

Samples: Escrow Agreement (Trizetto Group Inc)

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