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.

Escrow Agent Appointment. Buyer and Seller hereby appoint and designate the The Escrow Agent is hereby appointed to act as escrow agent hereunder, to receive hold in escrow the Escrow Funds and to hold and distribute direct the Escrow Funds disposition thereof in accordance with the terms and conditions of this Agreement Agreement, and the Escrow Agent hereby accepts such appointment. The Escrow Agent represents and warrants to Purchaser and Seller that Escrow Agent has all legal power and authority to act in the manner contemplated by this Agreement and to perform its duties hereunder.