Common use of Resignation; Successor Escrow Agent Clause in Contracts

Resignation; Successor Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such upon 30 days prior notice to each of the other parties. Upon receipt of a notice of resignation, each of the other parties shall use their best efforts to select a successor agent within 15 days, but if within that 15-day period the Escrow Agent has not received a notice signed by both of them appointing a successor escrow agent and setting forth its name and address, the Escrow Agent may (but shall not be obligated to) select on their behalf a bank or trust company to act as successor escrow agent, for such compensation as that bank or trust company customarily charges and on such terms and conditions not inconsistent with this Agreement as that bank or trust company reasonably requires. The fees and charges of any successor escrow agent shall be payable out of the Purchase Price. A successor escrow agent selected by the resigning Escrow Agent may become the Escrow Agent by confirming in writing its acceptance of the position. The Investors and the Company shall sign such other documents as the successor escrow agent reasonably requests in connection with its appointment.

Resignation; Successor Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such upon 30 days prior notice to each of the other partiesParties. Upon receipt of a notice of resignation, each of the other parties Parties shall use their best efforts to select a successor agent within 15 days, but if within that 15-15 day period the Escrow Agent has not received a notice signed by both of them appointing a successor escrow agent and setting forth its name and address, the Escrow Agent may (but shall not be obligated to) select on their behalf a bank or trust company to act as successor escrow agent, for such compensation as that bank or trust company customarily charges and on such terms and conditions not inconsistent with this Agreement as that bank or trust company reasonably requires. The fees and charges of any successor escrow agent shall be payable out of the Purchase Price. A successor escrow agent selected by the resigning Escrow Agent may become the Escrow Agent by confirming in writing its acceptance of the position. The Investors and the Company shall sign such other documents as the successor escrow agent reasonably requests in connection with its appointment.

Resignation; Successor Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such upon 30 days prior notice to each of the other partiesParties. Upon receipt of a notice of resignation, each of the other parties Parties shall use their best efforts to select a successor agent within 15 days, but if within that 15-such 15 day period the Escrow Agent has not received a notice signed by both of them the Parties appointing a successor escrow agent and setting forth its name and address, the Escrow Agent may (but shall not be obligated to) select on their behalf a bank or trust company to act as successor escrow agent, for such compensation as that bank or trust company customarily charges and on such terms and conditions not inconsistent with this Agreement as that bank or trust company reasonably requires. The fees and charges of any successor escrow agent shall be payable out of the Purchase PriceEscrow Deposits. A successor escrow agent selected by the resigning Escrow Agent may become the Escrow Agent by confirming in writing its acceptance of the position. The Investors Purchaser and the Company Seller shall sign such other documents as the successor escrow agent reasonably requests in connection with its appointment.

Resignation; Successor Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such upon 30 days prior notice to each of the other partiesParties. Upon receipt of a notice of resignation, each of the other parties Parties shall use their best efforts to select a successor agent within 15 days, but if within that 15-15 day period the Escrow Agent has not received a notice signed by both of them appointing a successor escrow agent and setting forth its name and address, the Escrow Agent may (but shall not be obligated to) select on their behalf a bank or trust company to act as successor escrow agent, for such compensation as that bank or trust company customarily charges and on such terms and conditions not inconsistent with this Agreement as that bank or trust company reasonably requires. The fees and charges of any successor escrow agent shall be payable out of the Purchase PriceEscrow Funds. A successor escrow agent selected by the resigning Escrow Agent may become the Escrow Agent by confirming in writing its acceptance of the position. The Investors and the Company shall sign such other documents as the successor escrow agent reasonably requests in connection with its appointment.

Resignation; Successor Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such upon 30 days 15 days' prior notice to each of the other parties. Upon receipt of a notice of resignation, each of the other parties shall use their best efforts to select a successor agent within 15 30 days, but if within that 15-30 day period the Escrow Agent has not received a notice signed by both of them appointing a successor escrow agent and setting forth its name and address, the Escrow Agent may (but shall not be obligated to) select on their behalf a bank or trust company to act as successor escrow agent, for such compensation as that bank or trust company customarily charges and on such terms and conditions not inconsistent with this Agreement as that bank or trust company reasonably requires. The fees and charges of any successor escrow agent shall be borne equally by the parties but, in default of which, shall be payable out of the Purchase PriceEscrow Documents. A successor escrow agent selected by the resigning Escrow Agent may become the Escrow Agent by confirming in writing its acceptance of the position. The Investors and the Company shall sign such other documents as the successor escrow agent reasonably requests in connection with its appointment.the

Resignation; Successor Escrow Agent. The Escrow Agent (and any successor escrow agent) may at any time resign as such upon 30 days prior notice to each of the other partiesParties. Upon receipt of a notice of resignation, each of the other parties Parties shall use their best efforts to select a successor agent within 15 days, but if within that 15-15 day period the Escrow Agent has not received a notice signed by both of them appointing a successor escrow agent and setting forth its name and address, the Escrow Agent may (but shall not be obligated to) select on their behalf a bank or trust company to act as successor escrow agent, for such compensation as that bank or trust company customarily charges and on such terms and conditions not inconsistent with this Agreement as that bank or trust company reasonably requires. The fees and charges of any successor escrow agent shall be payable out of the Cash Deposit and Purchase Price. A successor escrow agent selected by the resigning Escrow Agent may become the Escrow Agent by confirming in writing its acceptance of the position. The Investors Purchaser Representative and the Company Seller Representative shall sign such other documents as the successor escrow agent reasonably requests in connection with its appointment.