Resignation by Escrow Agent. Upon thirty (30) calendar days' prior written notice to the non-bank Party delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Appears in 19 contracts
Samples: Proceeds Escrow Agreement (Paradise Resorts & Rentals Inc), Proceeds Escrow Agreement (Online Holdings Inc), Proceeds Escrow Agreement (Online Holdings Inc)
Resignation by Escrow Agent. Upon thirty (30) calendar days' β prior written notice to the non-bank Party delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Appears in 7 contracts
Samples: Proceeds Escrow Agreement (RNS Software, Inc.), Proceeds Escrow Agreement (Transact Energy Corp), Proceeds Escrow Agreement (Wren, Inc.)
Resignation by Escrow Agent. Upon thirty (30) calendar days' prior ---------------------------- written notice to the non-bank Party delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Appears in 5 contracts
Samples: Proceeds Escrow Agreement (Alaska Freightways Inc), Proceeds Escrow Agreement (Silicon South Inc), Proceeds Escrow Agreement (Jolley Marketing Inc)
Resignation by Escrow Agent. Upon thirty (30) calendar days' prior ------------------------------ written notice to the non-bank Party delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Appears in 2 contracts
Samples: Proceeds Escrow Agreement (Denali Concrete Management Inc), Proceeds Escrow Agreement (Sports Tack Inc)
Resignation by Escrow Agent. Upon thirty (30) calendar days' prior written notice to the non-bank Party Company delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party Company with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties Company to provide the same to a successor escrow agent.
Appears in 2 contracts
Samples: Proceeds Escrow Agreement (Simplagene Usa Inc), Proceeds Escrow Agreement (Simplagene Usa Inc)
Resignation by Escrow Agent. Upon thirty (30) calendar 30 days' prior written notice to ---------------------------- the non-bank Party Parties delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its his duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party Parties with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Appears in 1 contract
Resignation by Escrow Agent. Upon thirty (30) calendar days' β prior written notice to the non-bank Party Company and Underwriter delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party Company with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties Company to provide the same to a successor escrow agent.
Appears in 1 contract
Samples: Proceeds Escrow Agreement (Renewable Energy Acquisition Corp.)
Resignation by Escrow Agent. Upon thirty (30) calendar days' prior written notice to the non-bank Party delivered or sent as required above, the Escrow Agent shall have the E-5 right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Appears in 1 contract
