Common use of Disclosure of Possible Benefits to Escrow Holder Clause in Contracts

Disclosure of Possible Benefits to Escrow Holder. As a result of Escrow Holder maintaining its general escrow accounts with the depositories, Escrow Holder may receive certain financial benefits such as an array of bank services, accommodations, loans or other business transactions from the depositories ("collateral benefits"). All collateral benefits shall accrue to the sole benefit of Escrow Holder and Escrow Holder shall have no obligation to account to the parties to this escrow for the value of any such collateral benefits.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale and Escrow Instructions (Masimo Corp), Agreement of Purchase and Sale (Capital Builders Development Properties Ii), Agreement of Purchase and Sale (Capital Builders Development Properties Ii)

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Disclosure of Possible Benefits to Escrow Holder. As a result of Escrow Holder maintaining its general escrow accounts, special accounts and trust accounts with the depositories, Escrow Holder may receive certain financial benefits such as an array of bank services, accommodations, interest income, loans or other business transactions from the depositories ("collateral benefits"). All collateral benefits shall accrue to the sole benefit of Escrow Holder and Escrow Holder shall have no obligation to account to the parties to this escrow for the value of any such collateral benefitsdepositories.

Appears in 1 contract

Samples: Holding Escrow Agreement (Can B Corp)

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Disclosure of Possible Benefits to Escrow Holder. As a result of Escrow Holder maintaining its general escrow accounts, special accounts and trust accounts with the depositories, Escrow Holder may receive certain financial benefits such as an array of bank services, accommodations, interest income, loans or other business transactions from the depositories ("β€œcollateral benefits"”). All collateral benefits shall accrue to The undersigned Parties have read the sole benefit terms and conditions of this Holding Escrow Holder Agreement and Escrow Holder shall have no obligation to account to the parties to this escrow for the value of any such collateral benefitsaccept them in entirety.

Appears in 1 contract

Samples: Escrow Agreement (Prime Harvest Inc.)

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