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

Resignation and Removal of the Escrow Agent. 6.2.1 The Escrow Agent may resign as Escrow Agent at any time with or without cause, by giving at least thirty (30) days’ prior written notice to the Company and the Bidder, such resignation to be effective thirty (30) days following the date such notice is received by the Company and the Bidder, provided that such resignation shall take effect only if (i) a successor has been appointed by the Bidder and the Company in accordance with Clause 6.2.3 of this Agreement and (ii) the Escrow Agent has transferred the Initial Subscription Amount to such successor.

Resignation and Removal of the Escrow Agent. 6.2.1 (a). The Escrow Agent Agent, or any successor, may resign as Escrow Agent from the performance of its duties hereunder at any time with or without cause, by giving at least thirty (30) 30 days’ prior written notice to the Company Purchaser and the BidderDesignated Shareholder Representative or may be removed, such resignation to be effective thirty (30) days following the date such notice is received with or without cause, by the Company Purchaser and the Bidder, provided that such Designated Shareholder Representative acting jointly at any time upon 30 days’ prior written notice to the Escrow Agent. Such resignation or removal shall take effect only if (i) upon the appointment of a successor has been appointed by the Bidder and the Company in accordance with Clause 6.2.3 of this Agreement and (ii) the Escrow Agent has transferred the Initial Subscription Amount to such successoras provided herein.

Resignation and Removal of the Escrow Agent. 6.2.1 The Escrow Agent or any Successor may resign as Escrow Agent at any time with or without cause, cause by giving at least thirty (30) days’ ' prior written notice to the Company each of Acquiror and the BidderShareholders' Agent, such resignation to be effective thirty (30) days following the date such notice is received by the Company given. In addition, Acquiror and the Bidder, provided that such resignation shall take effect only if (i) a successor has been appointed by the Bidder and the Company in accordance with Clause 6.2.3 of this Agreement and (ii) Shareholders' Agent may jointly remove the Escrow Agent has transferred the Initial Subscription Amount to such successor.as escrow agent at any time with or without cause, by an instrument (which may

Resignation and Removal of the Escrow Agent. 6.2.1 The Escrow Agent may resign as Escrow Agent at any time with or without cause, cause by giving at least thirty (30) days’ days prior written notice to the Company each of Lender and the BidderCompany, such resignation to be effective thirty (30) days following the date such notice is received by the Company and the Bidder, provided that such resignation shall take effect only if (i) a successor has been appointed by the Bidder and the Company in accordance with Clause 6.2.3 of this Agreement and (ii) the Escrow Agent has transferred the Initial Subscription Amount to such successorgiven.