Common use of No Creditor Rights Clause in Contracts

No Creditor Rights. Buyer and Seller shall be entitled to payments from the Escrow Funds solely in accordance with the terms hereof. No creditor of Buyer or Seller will have any rights in or to the Escrow Funds so long as they remain subject to the terms of this Agreement.

Appears in 3 contracts

Samples: Intellectual Property and Technology Purchase Agreement, Intellectual Property and Technology Purchase Agreement (Win Gaming Media, Inc.), Intellectual Property and Technology Purchase Agreement (Win Gaming Media, Inc.)

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No Creditor Rights. Buyer The Acquiror and Seller the Sellers shall be entitled to payments from the Escrow Funds solely in accordance with the terms hereof. No creditor of Buyer the Acquiror, the Company or Seller the Sellers will have any rights in or to the Escrow Funds so long as they such Escrow Funds remain subject to the terms of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Rsa Security Inc/De/)

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