Common use of Liquidation of Investments Clause in Contracts

Liquidation of Investments. The Escrow Agent shall liquidate any investments in the Escrow Fund necessary to provide funds in order to make any payments required by this Escrow Agreement in accordance with written instructions given to it by Seller with regard to the priority of investments to be so liquidated. If Seller fails to give the Escrow Agent such written instructions, the Escrow Agent shall use its discretion in liquidating sufficient investments to pay any amounts due hereunder in a timely manner.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Kaydon Corp), Real Estate Purchase Agreement (Kaydon Corp)

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Liquidation of Investments. The Escrow Agent shall have the right to liquidate any investments held in the Escrow Fund necessary order to provide funds in order necessary to make any required payments required by under this Escrow Agreement in accordance with written instructions given to it by Seller with regard to the priority of investments to be so liquidatedAgreement. If Seller fails to give the Escrow Agent such written instructions, the The Escrow Agent shall use have no liability for any loss, fee, tax or other charge sustained as a result of any investment or reinvestment made pursuant to the instructions of the parties hereto or as a result of any liquidation of any investment prior to its discretion in liquidating sufficient investments to pay any amounts due hereunder in a timely mannermaturity.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Audiocodes LTD)

Liquidation of Investments. The Escrow Agent shall liquidate any investments in the Escrow Fund necessary to provide funds in order to make any payments required by this Escrow Agreement in accordance with written instructions given to it by Seller Sellers' Representative with regard to the priority of investments to be so liquidated. If Seller Sellers' Representative fails to give the Escrow Agent such written instructions, the Escrow Agent shall use its discretion in liquidating sufficient investments to pay any amounts due hereunder in a timely manner.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kaydon Corp)

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Liquidation of Investments. The Escrow Agent shall liquidate any investments in the Escrow Fund necessary to provide funds in order to make any payments required by this Escrow Agreement in accordance with written instructions given to it by Seller the Sellers' Representative with regard to the priority of investments to be so liquidated. If Seller the Sellers' Representative fails to give the Escrow Agent such written instructions, the Escrow Agent shall use its discretion in liquidating sufficient investments to pay any amounts due hereunder in a timely manner.

Appears in 1 contract

Samples: Stock Purchase Agreement (Kaydon Corp)

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