Common use of Escrow Payment Letter Clause in Contracts

Escrow Payment Letter. 4.3.1 The Escrow Payment Letter shall be valid if it has been signed: (a) in the case of the Sellers, on their behalf by each of the authorised signatories specified in Part B of the Schedule, an example of whose signature in each case appears beside their name; (b) in the case of the Buyers, on their behalf by each of the authorised signatories specified in Part C of the Schedule, an example of whose signature in each case appears beside their name, or such other person(s) as the Sellers or the Buyers shall notify to the Escrow Agent in writing as an authorised signatory, such notice not to be effective unless it includes the specimen signature of the new authorised signatory.