Common use of INSTRUCTIONS AND AMENDMENTS Clause in Contracts

INSTRUCTIONS AND AMENDMENTS. Where directions or instructions from more than one of the undersigned are required, such directions or instructions may be given by separate instruments of similar tenor. Attached hereto as Schedule 1 (the “Security Schedule”) is a list of authorized signatories (with signature identification) and authorized call-back persons for each of the parties to this Agreement (other than the Escrow Bank). In the event instructions or directions are given, whether in writing, by telecopier or otherwise, the Escrow Bank is authorized, but is not required or obligated, to seek confirmation of such instructions or directions by telephone call-back to the person or persons designated on the Security Schedule, and the Escrow Bank may rely upon the confirmation of anyone purporting to be the person or persons so designated. The authorized signatories and the persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Bank, and in the case of an addition of an authorized signatory, accompanied by an incumbency certificate with signature identification certified by an existing authorized signatory. If the Escrow Bank is unable to contact any of the authorized representatives identified in the Security Schedule for call-back confirmation, the Escrow Bank is hereby authorized to seek confirmation of such instructions by telephone call-back to any one or more of your of officers. Such officer shall deliver to the Escrow Bank a fully executed incumbency certificate certified by an existing authorized signatory, and the Escrow Bank may rely upon the confirmation of anyone purporting to be any such officer. Unless otherwise provided herein, these instructions may be amended or further instructions given only to the extent that such amendments or instructions are consistent with, and do not add materially to, the description of the Escrow contained in the Prospectus, unless consented to in writing by all subscribers whose Subscription Prices have been received by Escrow Bank therefore and unless disclosed to all subscribers thereafter.

Appears in 3 contracts

Samples: Escrow Agreement (New School Properties, Inc.), Escrow Agreement (New School Properties, Inc.), Escrow Agreement (New School Properties, Inc.)

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INSTRUCTIONS AND AMENDMENTS. Where directions or instructions from more than one of the undersigned are required, such directions or instructions may be given by separate instruments of similar tenor. Attached hereto as Schedule 1 (the “Security Schedule”) is a list of authorized signatories (with signature identification) and authorized call-back persons for each of the parties to this Agreement (other than the Escrow Bank). In the event instructions or directions are given, whether in writing, by telecopier or otherwise, the Escrow Bank is authorized, but is not required or obligated, to seek confirmation of such instructions or directions by telephone call-back to the person or persons designated on the Security Schedule, and the Escrow Bank may rely upon the confirmation of anyone purporting to be the person or persons so designated. The authorized signatories and the persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Bank, and in the case of an addition of an authorized signatory, accompanied by an incumbency certificate with signature identification certified by an existing authorized signatory. If the Escrow Bank is unable to contact any of the authorized representatives identified in the Security Schedule for call-back confirmation, the Escrow Bank is hereby authorized to seek confirmation of such instructions by telephone call-back to any one or more of your of officers. Such officer shall deliver to the Escrow Bank a fully executed incumbency certificate certified by an existing authorized signatory, and the Escrow Bank may rely upon the confirmation of anyone purporting to be any such officer. Unless otherwise provided herein, these instructions may be amended or further instructions given only to the extent that such amendments or instructions are consistent with, and do not add materially to, the description of the Escrow Account contained in the Prospectus, unless consented to in writing by all subscribers whose Subscription Prices have been received by Escrow Bank therefore and unless disclosed to all subscribers thereafter.

Appears in 2 contracts

Samples: First Amended Escrow Agreement (Medical Hospitality Group, Inc.), Escrow Agreement (Medical Hospitality Group, Inc.)

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INSTRUCTIONS AND AMENDMENTS. Where directions or instructions from more than one of the undersigned are required, such directions or instructions may be given by separate instruments of similar tenor. Attached hereto as Schedule 1 (the “Security Schedule”) is a list of authorized signatories (with signature identification) and authorized call-back persons for each of the parties to this Agreement (other than the Escrow Bank). In the event instructions or directions are given, whether in writing, by telecopier or otherwise, the Escrow Bank is authorized, but is not required or obligated, to seek confirmation of such instructions or directions by telephone call-back to the person or persons designated on the Security Schedule, and the Escrow Bank may rely upon the confirmation of anyone purporting to be the person or persons so designated. The authorized signatories and the persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Bank, and in the case of an addition of an authorized signatory, accompanied by an incumbency certificate with signature identification certified by an existing authorized signatory. If the Escrow Bank is unable to contact any of the authorized representatives identified in the Security Schedule for call-back confirmation, the Escrow Bank is hereby authorized to seek confirmation of such instructions by telephone call-back to any one or more of your of officers. Such officer shall deliver to the Escrow Bank a fully executed incumbency certificate certified by an existing authorized signatory, and the Escrow Bank may rely upon the confirmation of anyone purporting to be any such officer. Unless otherwise provided herein, these instructions may be amended or further instructions given only to the extent that such amendments or instructions are consistent with, and do not add materially to, the description of the Escrow contained in the Prospectus, unless consented to in writing by all subscribers whose Subscription Prices have been received by Escrow Bank therefore and unless disclosed to all subscribers thereafter.

Appears in 2 contracts

Samples: Escrow Agreement (Medical Hospitality Group, Inc.), Escrow Agreement (Medical Hospitality Group, Inc.)

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