Common use of Resignation and Removal of Escrow Agent Clause in Contracts

Resignation and Removal of Escrow Agent. (a) The Grantor may remove the Escrow Agent at any time by giving to the Escrow Agent and the Trustee 5 days’ prior notice in writing signed by the Grantor. The Escrow Agent may resign at any time by giving to the Grantor and the Trustee 15 days’ prior written notice thereof.

Appears in 3 contracts

Samples: Escrow and Security Agreement, Escrow and Security Agreement (TopBuild Corp), Escrow and Security Agreement (Energizer SpinCo, Inc.)

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Resignation and Removal of Escrow Agent. (a) The Grantor may remove the Escrow Agent at any time by giving to the Escrow Agent and the Trustee 5 15 days’ prior notice in writing signed by the Grantor. The Escrow Agent may resign at any time by giving to the Grantor and the Trustee 15 days’ prior written notice thereof.

Appears in 3 contracts

Samples: Escrow and Security Agreement, Escrow and Security Agreement (Tempur Pedic International Inc), Escrow and Security Agreement (IntercontinentalExchange Group, Inc.)

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Resignation and Removal of Escrow Agent. (a) The Grantor may remove the Escrow Agent at any time by giving to the Escrow Agent and the Trustee 5 30 days’ prior notice in writing signed by the Grantor. The Escrow Agent may resign at any time by giving to the Grantor and the Trustee 15 days’ prior written notice thereof.

Appears in 1 contract

Samples: Escrow and Security Agreement (Intercontinental Exchange, Inc.)

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