Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Discharge of Escrow Agent. Upon the delivery of all of the subject matter or monies pursuant to the terms of this Escrow Agreement, the duties of Escrow Agent shall terminate and Escrow Agent shall be discharged from any further obligation hereunder.
Discharge of Escrow Agent. Upon delivery of all of the Stock Powers and certificates representing all Contribution Shares pursuant to the terms of Paragraph 2 above or to a successor Escrow Agent, the Escrow Agent shall thereafter be discharged from any further obligations hereunder. The Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all final judgments, orders, and decrees of any court of competent jurisdiction which may be filed, entered, or issued, and all final arbitration awards and, if it shall so comply or obey, it shall not be liable to any other person by reason of such compliance or obedience.
Discharge of Escrow Agent. Upon delivery of all of the Escrow Fund pursuant to the terms of Section 3 above or to a successor escrow agent, the Escrow Agent shall thereafter be discharged from any further obligations hereunder. The Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all final judgments, orders and decrees of any court of competent jurisdiction which may be filed, entered or issued, and all final arbitration awards and, if it shall so comply or obey, it shall not be liable to any other person by reason of such compliance or obedience.
Discharge of Escrow Agent. Notwithstanding anything in this Agreement to the contrary, upon the distribution of the Escrow Deposit in accordance with the terms and conditions of this Agreement, the Escrow Agent shall be released, relieved and discharged from all duties and obligations hereunder.
Discharge of Escrow Agent. Upon completion of the disbursement of the Defeasance Deposit and delivery of instruments, if any, in accordance with this Agreement, Escrow Agent shall be automatically released and discharged of its escrow obligations hereunder.
Discharge of Escrow Agent. Escrow Agent agrees that Shareholders (acting through the Agent) and Purchaser may, by mutual written agreement at any time, remove Escrow Agent as escrow agent under this Agreement, and substitute any bank or trust company therefor, in which event, upon receipt of such written notice thereof, payment of any accrued but unpaid fees, and reimbursement of Escrow Agent's other fees and expenses from the Post Closing Escrow Fund in accordance with paragraph 4.1 hereof, Escrow Agent shall account for and deliver to such substituted escrow agent the Escrow Fund held by it, and Escrow Agent shall thereafter be discharged from liability under this Agreement.
Discharge of Escrow Agent. Upon disbursement of all of the Escrow Funds pursuant to the terms of Sections 0 and 6 above or delivery thereof to a successor escrow agent in accordance with this Agreement, Escrow Agent shall thereafter be discharged from any further obligations hereunder, except pursuant to Section 7(b). Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all Orders and, if it shall so comply or obey, it shall not be liable to any other person or entity by reason of such compliance or obedience.
Discharge of Escrow Agent. 6.1 The Escrow Agent shall be discharged from any further duty upon release of the Proceeds held in escrow in accordance with Article 3 of this agreement or the payment into court of the Proceeds in accordance with Article 3.5 of this agreement.
Discharge of Escrow Agent. At such time as Escrow Agent shall have made the payments and remittances provided in the Agreement, the Escrow Agent shall be completely discharged and released of any and all further liabilities and responsibilities hereunder.
