Common use of Termination of Escrow Agreement Clause in Contracts

Termination of Escrow Agreement. This Escrow Agreement shall be terminated when no Collateral remains subject hereto. In addition, upon proper release of any Collateral to Escrower or Escrowee in accordance with the terms of this Escrow Agreement, such released Collateral shall no longer be subject to this Escrow

Appears in 2 contracts

Samples: Employment Escrow Agreement (Lefkofsky Eric P), Employment Escrow Agreement (Keywell Bradley A)

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Termination of Escrow Agreement. This Escrow Agreement shall be terminated when no Collateral remains subject hereto. In addition, upon proper release of any Collateral to Escrower or Escrowee in accordance with the terms of this Escrow Agreement, such released Collateral shall no longer be subject to this EscrowEscrow Agreement.

Appears in 2 contracts

Samples: Indemnification Escrow Agreement (Keywell Bradley A), Indemnification Escrow Agreement (Lefkofsky Eric P)

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