Relief from Obligations. Upon acknowledgement by any successor Escrow Agent of the receipt of the Escrow Documents, (i) the former Escrow Agent will be fully relieved of all duties, responsibilities and obligations under this Escrow Agreement, and (ii) the successor Escrow Agent will agree in writing to be bound by all of the duties and obligations of the Escrow Agent under this Escrow Agreement.
Appears in 4 contracts
Samples: Stock Escrow Agreement, Stock Purchase Agreement (Dean Health Systems Inc), Stock Escrow Agreement (Dean Health Systems Inc)
Relief from Obligations. Upon acknowledgement acknowledgment by any successor Escrow Agent of the receipt of the Escrow Fund and the Escrow Documents, (ia) the former Escrow Agent will shall be fully relieved of all duties, responsibilities and obligations under this Agreement, except with respect to actions previously taken or omitted by such Escrow AgreementAgent, and (iib) the successor Escrow Agent will shall agree in writing to be bound by all of the duties and obligations of the Escrow Agent under this Escrow Agreement.
Appears in 1 contract
Samples: Escrow Agreement (Jakks Pacific Inc)
