Examples of Escrow Parties in a sentence
The Settlement Escrow Account shall be governed by the terms set forth in the Escrow Agreement and Section 1.468B-1 through 1.468B-5 of the Treasury Regulations to maintain the Settlement Escrow Parties agree to work in good faith to maintain such status.
In choosing among the investment options described in clauses (i) through (iv) above, the Escrow Agent shall comply with any instructions received from time to time from all of the Escrow Parties.
It is unclear whether the Transferees were Escrow Parties in respect of the portion of the 45 million shares transferred to them and no Escrow Parties were identified for the remaining shares that were cancelled or any of the 50 million shares.
The Escrow Agent shall have no duty to verify or otherwise confirm any written wire transfer instructions but it may do so in its discretion on any occasion without incurring any liability to any of the Escrow Parties for failing to do so on any other occasion.
The Escrow Parties were defined as parties to a “Commercial Agreement”.
It submitted that both Condor and the Escrow Parties were beneficiaries and that Condor had an enforceable right over, and a relevant interest in, the shares.
For the avoidance of doubt, the opening of the Escrow Account, will at all times be dependent on such services being provided to the Escrow Agent by the Bank and will be subject to the terms and conditions of the Bank and the Escrow Parties providing such information and discharging such costs and charges as reasonably required by the Escrow Agent.
The Escrow Agent shall be entitled to rely upon all bank and account information provided to the Escrow Agent by any of the Escrow Parties.
The Escrow Agent shall be entitled to close the Escrow Account without any further instruction or authority from the Escrow Parties on the date falling 28 days following distribution in full out of the Escrow Account of all the monies standing to the credit of the Escrow Account (including any interest), pursuant to clause 8.2.
LAAs will be rolled out to the remaining areas across England in 2006/07.