Common use of Termination of Agreement and Resignation of Agent Clause in Contracts

Termination of Agreement and Resignation of Agent. 5.1 This Agreement shall terminate on the final disposition of the monies and property held in escrow hereunder, provided that the rights of the Agent and the obligations of the other parties hereto under Sections 4 and 7 shall survive the termination hereof. 5.2 The Agent may resign at any time and be discharged from its duties as Agent hereunder by giving the Corporation, the subscribers and the Non-Public Stockholders at least 30 days' notice thereof. As soon as practicable after its resignation, the Agent shall turn over to a successor escrow agent appointed by the Corporation all monies and property held hereunder (less such amount as the Agent is entitled to retain pursuant to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new Agent is so appointed within the 60-day period following such notice of resignation, the Agent may deposit the aforesaid monies and property with any court it deems appropriate.

Termination of Agreement and Resignation of Agent. 5.1 This Escrow Agreement shall terminate on the final disposition of the monies and property held in escrow hereunder, provided that the rights of the Agent and the obligations of the other parties hereto under Sections 4 and 7 shall survive the termination hereof. 5.2 The Agent may resign at any time and be discharged from its duties as Agent hereunder by giving the Corporation, the subscribers Company and the Non-Public Stockholders Strasbourger at least 30 days' notice thereof. As soon as practicable after its resignation, the Agent shall turn over to a successor escrow agent appointed by the Corporation Company all monies and property held hereunder (less such amount as the Agent is entitled to retain pursuant to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new Agent is so appointed within the 60-day period following such notice of resignation, the Agent may deposit the aforesaid monies and property with any court it deems appropriate.

Termination of Agreement and Resignation of Agent. 5.1 This The Escrow Agreement shall terminate on the final disposition of the monies and property held in escrow hereunder, provided that the rights of the Agent and the obligations of the other parties hereto under Sections 4 and 7 shall survive the termination hereof. 5.2 The Agent may resign at any time and be discharged from its duties as Agent hereunder by giving the Corporation, the subscribers and the Non-Public Stockholders Corporation at least 30 days' thirty (30) days written notice thereof. As soon as practicable after its resignation, the Agent shall turn over to a successor escrow agent appointed by the Corporation all monies and property held hereunder (less such amount as the Agent is entitled to retain pursuant to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new Agent is so appointed within the 60-day sixty (60)day period following such notice of resignation, the Agent may deposit the aforesaid monies and property with any court it deems appropriate.

Termination of Agreement and Resignation of Agent. 5.1 This Agreement shall terminate on the final disposition of the monies and property held in escrow hereunder, provided that the rights of the Agent and the obligations of the other parties hereto under Sections 4 and 7 shall survive the termination hereof. 5.2 The Agent may resign at any time and be discharged from its duties as Agent hereunder by giving the Corporation, the subscribers Company and the Non-Public Stockholders Commonwealth at least 30 days' ’ notice thereof. As soon as practicable after its resignation, the Agent shall turn over to a successor escrow agent appointed by the Corporation Company all monies and property held hereunder (less such amount as the Agent is entitled to retain pursuant to Section Sections 4.5 and 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new Agent is so appointed within the 60-day period following such notice of resignation, the Agent may deposit the aforesaid monies and property with any court it deems appropriate.

Termination of Agreement and Resignation of Agent. 5.1 This Escrow Agreement shall terminate on the final disposition of the monies and property held in escrow hereunder, provided that the rights of the Agent and the obligations of the other parties hereto under Sections 4 and 7 shall survive the termination hereof. 5.2 The Agent may resign at any time and be discharged from its duties as Agent hereunder by giving the Corporation, the subscribers and the Non-Public Stockholders Xxxxx Securities at least 30 days' notice thereof. thereof As soon as practicable after its resignation, the Agent shall turn over to a successor escrow agent appointed by the Corporation Company all monies and property held hereunder (less such amount as the Agent is entitled to retain pursuant to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new Agent is so appointed within the 60-day period following such notice of resignation, the Agent may deposit the aforesaid monies and property with any court it deems appropriate.

Termination of Agreement and Resignation of Agent. 5.1 This Agreement shall terminate on the final disposition of the monies and property held in escrow hereunder, provided that the rights of the Agent and the obligations of the other parties hereto under Sections 4 and 7 shall survive the termination hereof. 5.2 The Agent may resign at any time and be discharged from its duties as Agent hereunder by giving the Corporation, Corporation and the subscribers and the Non-Public Stockholders at least 30 days' notice thereof. As soon as practicable after its resignation, the Agent shall turn over to a successor escrow agent appointed by the Corporation all monies and property held hereunder (less such amount as the Agent is entitled to retain pursuant to Section 7) upon presentation of the document appointing the new escrow agent and its acceptance thereof. If no new Agent is so appointed within the 60-day period following such notice of resignation, the Agent may deposit the aforesaid monies and property with any court it deems appropriate.