Common use of Discharge of Escrow Agent Clause in Contracts

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.

Appears in 2 contracts

Samples: Escrow Agreement (Strata Oil & Gas, Inc.), Escrow Agreement (Knowledge Transfer Systems Inc)

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Discharge of Escrow Agent. Notwithstanding anything in this Agreement to the contrary, upon the distribution of the Escrow Deposit Shares 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.

Appears in 1 contract

Samples: Escrow Agreement (American Magna Corp)

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Discharge of Escrow Agent. Notwithstanding anything in this Agreement to the contrary, upon the distribution of the Escrow Deposit Investment 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.

Appears in 1 contract

Samples: Escrow Agreement (Rexit Inc.)

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