Examples of Escrowed Items in a sentence
Proceeds received from subscribers will be deposited into the Escrow Account, as defined below, (the Proceeds collectively with the Escrowed Documents hereinafter are referred to as "Escrowed Items").
The Transaction Parties may remove the Escrow Agent at any time by furnishing to the Escrow Agent joint written notice of his removal and designating a new escrow agent to which the Escrow Agent shall forward the Escrowed Items by the Escrow Agent then holds or over which the Escrow Agent then has direction.
Items -The Transaction Parties hereby acknowledge that the Escrowed Items have been deposited in escrow with the Escrow Agent, all pursuant to the terms and conditions of this Agreement.
Upon delivery of the Escrowed Items, the Escrow Agent shall be discharged of any further duties under this Escrow Agreement.
If joint written instructions for all of the Escrowed Items are not provided to the Escrow Agent prior to the six (6) month year anniversary of execution of this Agreement and the Escrow Agent has not received a copy of any notice of a Claim from Pledgee under Section 8.2 of the Asset Purchase Agreement, the Escrow Agent shall deliver any remaining Escrowed Items to Pledgor.
Items — If the Escrow Agent shall receive a duly executed Release Certificate within the Escrow Period, then without any further or other act or formality on the part of any party hereto, the Escrow Agent shall release the Escrowed Items to the Transaction Parties as noted on Schedule "D" attached hereto.
Notwithstanding the foregoing, the Escrow Agent in its sole discretion may at any time after its resignation deposit the Escrowed Items with a court of competent jurisdiction.
The Escrow Agent undertakes to perform only such duties as are expressly set forth herein, which duties, as hereinabove set forth in Sections 1, 2 and 3 hereof, shall terminate upon the release of the Escrowed Items as contemplated above.
Upon such deposit and filing of interpleader, the Escrow Agent and its members shall be relieved of all liability as to the Escrowed Items and shall be entitled to recover from the Buyer its reasonable attorney's court costs, fees and other costs incurred in commencing and maintaining such action, including compensation at its regular hourly legal fees for time expended in respect of such action.
In the event of such termination, the Pledgee and Pledgor agree that they will jointly appoint a successor escrow agent at or before the time such notice becomes effective, and the Escrow Agent hereby agrees that it shall turn over and deliver the Escrowed Items to such successor escrow agent.