Resignation of Escrow Agent. At any time, upon ten (10) days' written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 19 contracts
Samples: Escrow Agreement (Asian Financial Inc), Securities Purchase Agreement (Asian Financial Inc), Make Good Escrow Agreement (Discovery Technologies Inc)
Resignation of Escrow Agent. At any time, upon ten (10) daysBusiness Days' written notice to the CompanyCompany and the Investors, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day Business Day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead shall deposit the Escrow Shares into as directed by the registry Investor Agent with the understanding that such Escrow Shares will continue to be subject to the provisions of any court having jurisdictionthis Make Good Agreement.
Appears in 9 contracts
Samples: Good Escrow Agreement, Make Good Escrow Agreement (THT Heat Transfer Technology, Inc.), Make Good Escrow Agreement (China Power Technology, Inc.)
Resignation of Escrow Agent. At any time, upon ten five (105) days' ’ written notice to the Company, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares Amount held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 105-day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares Amount into the registry of any court having jurisdiction.
Appears in 9 contracts
Samples: Investor Relations Escrow Agreement (China Growth CORP), Holdback Escrow Agreement (China Growth CORP), Investor Relations Escrow Agreement (Dragon Acquisition CORP)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company A&S the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company A&S shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 7 contracts
Samples: Good Escrow Agreement (China Yuan Hong Fire Control Group Holdings LTD), Good Escrow Agreement (Tai Shan Communications, Inc.), Good Escrow Agreement (Shangri-La Tibetan Pharmaceuticals, Inc.)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 7 contracts
Samples: Make Good Escrow Agreement (China SHESAYS Medical Cosmetology Inc.), Share Escrow Agreement (China Biologic Products, Inc.), Good Escrow Agreement (Recon Technology, LTD)
Resignation of Escrow Agent. At any time, upon ten (10) days' written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares all monies and property held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares Funds into the registry of any court having jurisdiction.
Appears in 6 contracts
Samples: Subscription Agreement (China Bak Battery Inc), Subscription Agreement (China Bak Battery Inc), Subscription Agreement (China Bak Battery Inc)
Resignation of Escrow Agent. At any time, upon ten (10) days' Business Days’ written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 5 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Alliance MMA, Inc.), Asset Purchase Agreement (Alliance MMA, Inc.)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 5 contracts
Samples: Securities Escrow Agreement (Kirin International Holding, Inc.), Securities Escrow Agreement (Ciglarette, Inc.), Make Good Escrow Agreement (Emerald Acquisition CORP)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares all monies and property held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares Funds into the registry of any court having jurisdiction.
Appears in 3 contracts
Samples: Escrow Agreement (China Biologic Products, Inc.), Escrow Agreement (China Security & Surveillance Technology, Inc.), Closing Escrow Agreement (China Nutrifruit Group LTD)
Resignation of Escrow Agent. At any time, upon ten (10) days' written notice to the CompanyCompany and the Investor Agent, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company and the Escrow Shares Investor Agent all monies and property held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company and the Investor Agent shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares Escrowed Funds into the registry of any court having jurisdiction.
Appears in 2 contracts
Samples: Securities Purchase Agreement (SMSA Palestine Acquistion Corp.), Closing Escrow Agreement (SMSA Palestine Acquistion Corp.)
Resignation of Escrow Agent. At any time, upon ten twenty (1020) days' written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares all monies and property held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-twenty (20) day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares Funds into the registry of any court having jurisdiction.
Appears in 2 contracts
Samples: Escrow Agreement (China Agritech Inc), Escrow Agreement (China Agritech Inc)
Resignation of Escrow Agent. At any time, upon ten (10) days' a ten-day written notice to the Companyother parties hereto, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent jointly appointed by the Company Pledgor and the Investors the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company Pledgor and Investors shall have failed to jointly appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 2 contracts
Samples: Securities Escrow Agreement (Ads in Motion, Inc.), Securities Escrow Agreement (Ads in Motion, Inc.)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, Investor Representative and the Make Good Shareholder, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 2 contracts
Samples: Make Good Escrow Agreement (China Growth CORP), Make Good Escrow Agreement (Dragon Acquisition CORP)
Resignation of Escrow Agent. At any time, upon ten twenty (1020) days' written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 1020-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, a Majority of Investors shall entitled to appoint a successor escrow agent, or if no successor is named, the Escrow Agent may interplead the Escrow Shares into the registry apply to a court of any court having jurisdictioncompetent jurisdiction for appointment of a successor escrow agent.
Appears in 2 contracts
Samples: Make Good Escrow Agreement (Energroup Holdings Corp), Good Escrow Agreement (L & L International Holdings, Inc)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Companyparties hereto, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company Purchaser Representative and the Principal Stockholder the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by the Escrow Agent, Purchaser Representative and the Company Principal Stockholder shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 1 contract
Samples: Securities Escrow Agreement (Compass Acquisition CORP)
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction. 12.
Appears in 1 contract
Samples: Securities Escrow Agreement
Resignation of Escrow Agent. At any time, upon ten (10) days' ’ written notice to the Company, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares Escrowed Amount held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares Escrowed Amount into the registry of any court having jurisdiction.
Appears in 1 contract
Samples: Holdback Escrow Agreement (Compass Acquisition CORP)
Resignation of Escrow Agent. At any time, upon ten (10) days' written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares Purchasers all monies and property held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company Purchasers shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares Funds into the registry of any court having jurisdiction.
Appears in 1 contract
Resignation of Escrow Agent. At any time, upon ten (10) days' written notice to the CompanyCompany and Empower, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares and Empower all monies and property held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company and Empower shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares Funds into the registry of any court having jurisdiction.
Appears in 1 contract
Resignation of Escrow Agent. At any time, upon ten (10) days' a ten-day written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Holdback Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Holdback Shares into the registry of any court having jurisdiction.
Appears in 1 contract
Resignation of Escrow Agent. At any time, upon ten (10) days' Business Days’ written notice to the CompanyAlliance, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by Alliance the Company the Escrow Escrowed Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company Alliance shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Escrowed Shares into the registry of with any court having jurisdiction.
Appears in 1 contract
Resignation of Escrow Agent. At any time, upon ten twenty (1020) days' written notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Actual Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 1020-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, a Majority of Investors shall entitled to appoint a successor escrow agent, or if no successor is named, the Escrow Agent may interplead the Escrow Shares into the registry apply to a court of any court having jurisdictioncompetent jurisdiction for appointment of a successor escrow agent.
Appears in 1 contract
Samples: Good Escrow Agreement (L & L International Holdings, Inc)
Resignation of Escrow Agent. At any time, upon ten (10) days' written notice to the CompanyCompany and the Placement Agent, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, the Company shall have failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction.
Appears in 1 contract
Samples: Make Good Escrow Agreement (GHN Agrispan Holding Co)
Resignation of Escrow Agent. At any time, upon ten five (105) days' ’ written notice to the Company, the Escrow Agent may resign and be discharged from its duties as Escrow Agent escrow agent hereunder. As soon as practicable after its resignation, the Escrow Agent will promptly turn over to a successor escrow agent appointed by the Company the Escrow Shares Funds held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-five day period following the giving of notice of resignation by the Escrow Agent, the Company shall have failed to appoint a successor escrow agent, the Escrow Agent may interplead the Escrow Shares Funds into the registry of any court having jurisdiction.
Appears in 1 contract