Common use of Escrow Agent Appointment Clause in Contracts

Escrow Agent Appointment. Buyer and Seller hereby appoint and designate the Escrow Agent as escrow agent to receive the Escrow Funds and to hold and distribute the Escrow Funds in accordance with the terms of this Agreement and the Escrow Agent hereby accepts such appointment.

Appears in 3 contracts

Sources: Securities Purchase Agreement (EnLink Midstream Partners, LP), Securities Purchase Agreement (EnLink Midstream Partners, LP), Securities Purchase Agreement

Escrow Agent Appointment. Buyer The Company and Seller the Sales Agent hereby appoint and designate the Escrow Agent as escrow agent to receive for the Escrow Funds and to hold and distribute the Escrow Funds in accordance with the terms of this Agreement and the purposes set forth herein. The Escrow Agent hereby acknowledges and accepts such appointmentappointment and designation.

Appears in 2 contracts

Sources: Escrow Agreement (Federal Trust Corp), Escrow Agreement (FPB Bancorp Inc)