Common use of The Escrow Agent Appointment Clause in Contracts

The Escrow Agent Appointment. The Purchaser and the Seller hereby appoint and designate SUNTRUST BANK as the Escrow Agent, to receive, hold, and distribute the Escrow Fund (as hereinafter defined) in accordance with the terms of this Agreement. The Escrow Agent hereby accepts its appointment as the escrow agent and agrees to hold, administer, invest, and disburse the Escrow Fund (as defined below) in accordance with the terms hereof.

Appears in 3 contracts

Samples: Escrow Agreement, Escrow Agreement (Vecima Networks Inc.), Asset Purchase Agreement (Concurrent Computer Corp/De)

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The Escrow Agent Appointment. The Purchaser MIP and the Seller Company hereby appoint and designate SUNTRUST BANK SunTrust Bank as the Escrow Agent, to receive, hold, and distribute the Escrow Fund (as hereinafter defined) in accordance with the terms of this Agreement. The Escrow Agent hereby accepts its appointment as the escrow agent and agrees to hold, administer, invest, and disburse the Escrow Fund (as defined below) in accordance with the terms hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alco Stores Inc)

The Escrow Agent Appointment. The Purchaser and the Seller hereby appoint and designate SUNTRUST BANK as the Escrow Agent, to receive, hold, and distribute the Preliminary Cash Purchase Price and Escrow Fund (as hereinafter defined) in accordance with the terms of this Agreement. The Escrow Agent hereby accepts its appointment as the escrow agent and agrees to hold, administer, invest, and disburse the Preliminary Cash Purchase Price and Escrow Fund (as defined below) in accordance with the terms hereof.

Appears in 1 contract

Samples: Escrow Agreement (Concurrent Computer Corp/De)

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The Escrow Agent Appointment. The Purchaser Buyer and the Seller Sellers’ Representative hereby appoint and designate SUNTRUST BANK SunTrust Bank as the Escrow Agent, to receive, hold, and distribute the Escrow Fund (as hereinafter defined) in accordance with the terms of this Agreement. The Escrow Agent hereby accepts its appointment as the escrow agent Escrow Agent and agrees to hold, administer, invest, and disburse the Escrow Fund (as defined below) in accordance with the terms hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (XPO Logistics, Inc.)

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