Examples of Remediation Escrow Agreement in a sentence
If applicable, the amount of any reserves, escrows or accruals held by the holder of any Continuing Mortgage for real estate taxes, insurance premiums and other amounts, if any, including, without limitation, any amounts held by the holder of the Continuing Mortgage pursuant to the Remediation Escrow Agreement dated November 24, 1993 by and among Seller 2, The Lincoln National Life Insurance Company and Commercial Settlements, Inc.
From time to time, but no more frequently than twice a month, Renova shall be entitled to withdraw amounts deposited in the Remediation Escrow Account to pay for costs and expenses incurred in connection with Remediation Items in accordance with the mutually agreed upon work plan and the procedures set forth in the Remediation Escrow Agreement.
The terms and conditions of the Remediation Escrow shall be as set forth in an escrow agreement (the "Remediation Escrow Agreement") in the form set forth in Exhibit 8.9.8. Buyer and Seller agree to be subject to all of the terms and conditions as set forth in the Remediation Escrow Agreement.
By execution of this Assignment, Assignee assumes and agrees to perform all of Assignor’s obligations, financial or otherwise, under the Remediation Escrow Agreement as such obligations shall arise or accrue from and after the date of this Assignment.
In connection with the transaction the stockholders of the Company entered into a Remediation Escrow Agreement ("the Agreement").
Assignee hereby agrees that (i) all rights of GF under the Remediation Escrow Agreement shall remain intact and shall not be affected by this Assignment, (ii) Assignee’s rights under the Remediation Escrow Agreement will under no circumstances be greater than Assignor’s rights as contemplated under the Remediation Escrow Agreement, and (iii) Assignee will assume all financial obligations of Assignor to GF.
Assignor represents and warrants to Assignee that Assignor has not previously assigned the Remediation Escrow Agreement.
The Environmental Remediation Escrow Agreement does not in any way limit Seller's indemnification obligation to Purchaser under Section 1.03.
APN: 300-000-00 EXHIBIT “B” Form of Escrow Agreement Closing Assignment Assignment and Assumption of the Remediation Escrow Agreement THIS ASSIGNMENT AND ASSUMPTION OF REMEDIATION ESCROW AGREEMENT (this “Assignment”) is made by and between Westcore Distribution, LLC, a Delaware limited liability company (“Assignor”), and [ , a ] (“Assignee”).
The Seller shall have all of the rights relating to the Remediation as set forth in Section 3 of the Remediation Escrow Agreement.