Common use of Optional Security Procedures Clause in Contracts

Optional Security Procedures. In the event funds transfer instructions, address changes or change in contact information are given (other than in writing at the time of execution of this Escrow Agreement), whether in writing, by facsimile or otherwise, the Escrow Agent is authorized, but is under no duty to seek confirmation of such instructions by telephone call-back to the applicable Appointed Persons, and the Escrow Agent is entitled to rely upon the confirmation of anyone purporting to be such Appointed Person. The Appointed Persons and telephone numbers for call-backs may be changed only in writing actually received and acknowledged by the Escrow Agent and will be effective only after the Escrow Agent has had a reasonable opportunity to act on such changes. Parent and the Securityholder Representative agree that the Escrow Agent is permitted, at the Escrow Agent’s option, to record any telephone calls made pursuant to this Section 18. The Escrow Agent in any funds transfer is permitted to rely solely upon any account numbers or similar identifying numbers provided by Parent and the Securityholder Representative to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent is permitted to apply any of the Escrow Cash, as applicable, for any payment order the Escrow Agent executes using any such identifying number, even when its use results in a person or an entity other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. Parent and the Securityholder Representative acknowledge that these optional security procedures are commercially reasonable.

Optional Security Procedures. In the event funds transfer instructions, address changes or change in contact information are given (other than in writing at the time of execution of this Escrow Agreement), whether in writing, by facsimile or otherwise, the Escrow Agent is authorized, authorized but is shall be under no duty to seek confirmation of such instructions by telephone call-back to the applicable Appointed Personsperson or persons designated by Issuer on Exhibit B hereto, and the Escrow Agent is entitled to may rely upon the confirmation of anyone purporting to be such Appointed Personthe person or persons so designated. The Appointed Persons persons and telephone numbers for call-backs may be changed only in writing actually received and acknowledged by the Escrow Agent and will shall be effective only after the Escrow Agent has had a reasonable opportunity to act on such changes. Parent and the Securityholder Representative agree Issuer agrees that the Escrow Agent is permitted, may at the Escrow Agent’s option, to its option record any telephone calls made pursuant to this Section 18Section. The Escrow Agent in any funds transfer is permitted to may rely solely upon any account numbers or similar identifying numbers provided by Parent and the Securityholder Representative Issuer to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent is permitted to may apply any of the Escrow Cash, as applicable, Funds for any payment order the Escrow Agent it executes using any such identifying number, even when its use results may result in a person or an entity other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank so designated. Parent and the Securityholder Representative acknowledge Issuer acknowledges that these optional security procedures are commercially reasonable.

Optional Security Procedures. In the event funds transfer instructions, address changes or change in contact information are given (other than in writing at the time of execution of this Escrow Agreement), whether in writing, by facsimile or otherwise, the Escrow Agent is authorized, authorized but is shall be under no duty to seek confirmation of such instructions by telephone call-back to the applicable Appointed Personsperson or persons designated by Issuer on Exhibit B hereto, and the Escrow Agent is entitled to may rely upon the confirmation of anyone purporting to be such Appointed Personthe person or persons so designated. The Appointed Persons persons and telephone numbers for call-backs may be changed only in writing actually received and acknowledged by the Escrow Agent and will shall be effective only after the Escrow Agent has had a reasonable opportunity to act on such changes. Parent and the Securityholder Representative agree Issuer agrees that the Escrow Agent is permitted, may at the Escrow Agent’s option, to its option record any telephone calls made pursuant to this Section 18Section. The Escrow Agent in any funds transfer is permitted to may rely solely upon any account numbers or similar identifying numbers provided by Parent and the Securityholder Representative Issuer to identify (a) the beneficiary, (b) the beneficiary’s 's bank, or (c) an intermediary bank. The Escrow Agent is permitted to may apply any of the Escrow Cash, as applicable, Funds for any payment order the Escrow Agent it executes using any such identifying number, even when its use results may result in a person or an entity other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s 's bank or an intermediary bank so designated. Parent and the Securityholder Representative acknowledge Issuer acknowledges that these optional security procedures are commercially reasonable.

Optional Security Procedures. In the event funds transfer instructions, address changes or change in contact information are given (other than in writing at the time of execution of this Escrow Agreement), whether in writing, by facsimile or otherwise, the Escrow Agent is authorized, but is under no duty to seek confirmation of such instructions by telephone call-back to the applicable Appointed Persons, and the Escrow Agent is entitled to rely upon the confirmation of anyone purporting to be such Appointed Person. The Appointed Persons and telephone numbers for call-backs may be changed only in writing actually received and acknowledged by the Escrow Agent and will be effective only after the Escrow Agent has had a reasonable opportunity to act on such changes. Parent Buyer and the Securityholder Representative Seller agree that the Escrow Agent is permitted, at the Escrow Agent’s option, to record any telephone calls made pursuant to this Section 1817. The Escrow Agent in any funds transfer is permitted to rely solely upon any account numbers or similar identifying numbers provided by Parent Buyer and the Securityholder Representative Seller to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent is permitted to apply any of the Escrow CashAmount, as applicable, for any payment order the Escrow Agent executes using any such identifying number, even when its use results in a person or an entity other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. Parent Buyer and the Securityholder Representative Seller acknowledge that these optional security procedures are commercially reasonable.

Optional Security Procedures. In the event instructions, including funds transfer instructions, address changes change or change in contact information are given to Escrow Agent (other than in writing at the time of execution of this Escrow Agreement), whether in writing, by facsimile or otherwise, the Escrow Agent is authorized, authorized but is shall be under no duty to seek confirmation of such instructions by telephone call-back to the applicable Appointed Personsperson or persons designated on Exhibit II hereto, and the Escrow Agent is entitled to may rely upon the confirmation of anyone purporting to be such Appointed Personthe person or persons so designated. The Appointed Persons persons and telephone numbers for call-backs may be changed only in writing actually received and acknowledged by the Escrow Agent and will shall be effective only after the Escrow Agent has had a reasonable opportunity to act on such changes. Parent The Escrow Borrower and the Securityholder Representative Escrow Administrative Agent agree that the Escrow Agent is permitted, may at the Escrow Agent’s option, to its option record any telephone calls made pursuant to this Section 18Section. The Escrow Agent in any funds transfer is permitted to may rely solely upon any account numbers or similar identifying numbers provided by Parent and Escrow Borrower or the Securityholder Representative Escrow Administrative Agent to identify (a) the beneficiary, (b) the beneficiary’s 's bank, or (c) an intermediary bank. The Escrow Agent is permitted to may apply any of the Escrow Cash, as applicable, Escrowed Property for any payment order the Escrow Agent it executes using any such identifying number, even when its use results may result in a person or an entity other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s 's bank or an intermediary bank so designated. Parent The Escrow Borrower and the Securityholder Representative Escrow Administrative Agent acknowledge that these optional security procedures are commercially reasonable.