Escrow Agent Agreement definition
Examples of Escrow Agent Agreement in a sentence
The Escrow Agent Agreement shall contain the Custodian’s agreement to hold all Collateral in the Custody Account for the benefit of the Public Depositor and subject to the Public Depositor’s direction and control and to comply with entitlement orders originated by the Public Depositor without the Depository’s further consent.
The execution by the Depository of the Escrow Agent Agreement shall in no way relieve the Depository of its duties or obligations hereunder or under State Regulations.
The executed Escrow Agent Agreement is attached hereto as Exhibit B.
The Depository shall execute an Escrow Agent Agreement with the Custodian (“Escrow Agent Agreement”, Form “COLL-93B”, or “Custodial Trust Agreement”) for the custody of the Eligible Securities consistent with the terms of this Agreement.
ESCROW FEE: $5,000.00 ----------- Per year or portion thereof (this fee is not prorated for partial years) Includes review and negotiation of Escrow Agent Agreement; establishment of records, procedures and controls, and normal Escrow Agent duties.
This is a one-time fee payable upon the execution of the Escrow Agent Agreement.
Upon the occurrence of any event that would cause any Holder to exceed the Ownership Limit, all Securities and shares of Capital Stock Beneficially Owned by such Holder in excess of the Ownership Limit will automatically be deemed Excess Shares and be transferred immediately to the Share Escrow Agent and be subject to the provisions of the Corporation's Restated Certificate of Incorporation and the Share Escrow Agent Agreement, a copy of which the Corporation maintains at its principal executive offices.
The Depository shall execute an Escrow Agent Agreement with the Custodian (“Escrow Agent Agreement”, Form “COLL-94B”, or “Custodial Trust Agreement”) for the custody of the Eligible Securities consistent with the terms of this Agreement.
A waiver of any breach or failure to enforce any of the terms or conditions of this Escrow Agent Agreement shall not in any way affect, limit or waive a party's rights hereunder at any time to enforce strict compliance thereafter with every term or condition of this Escrow Agreement.
Contemporaneous with execution and delivery of the Consolidation Agreement, FNB, the Interim National Bank, Sequoia and the Escrow Agent shall enter into an agreement, substantially in the form attached hereto as Exhibit C (the "Escrow Agent Agreement"), providing for the rights, duties and obligations of the Escrow Agent in relation to this Agreement.