Examples of Stock Escrow Agent in a sentence
As each of the notes is paid in full by the Buyer (or, in the case of Promissory Note No. 2, cancelled, as the case may be), the original of such note shall be given by the Note and Stock Escrow Agent to the Corporation, which shall cause such original to be marked "CANCELLED" or "PAID IN FULL" (as the case may be) and delivered to the Buyer.
Upon receipt by the Cash Escrow Agent of the $50,000 payment of Promissory Note No. 1, the Cash Escrow Agent shall provide the Note and Stock Escrow Agent with satisfactory documentation of receipt of such payment and the amount thereof.
If an instrument of acceptance by a successor Note and Stock Escrow Agent shall have not have been delivered to the Note and Stock Escrow Agent within thirty (30) days after the giving of such notice of resignation, the resigning Note and Stock Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor Note and Stock Escrow Agent.
The Note and Stock Escrow Agent is hereby directed to hold the Shares and the certificates representing the Shares, and the two promissory notes referred to herein, in a bank safety deposit box obtained by the Note and Stock Escrow agent for this purpose at the ____________________bank, located at ___________________.
In fulfillment of the provisions of the Stock Subscription and Purchase Agreement, the Buyer, the Corporation and the Note and Stock Escrow Agent are now entering into this Agreement.
Escrow Agent may resign at any time by giving written notice thereof to the other parties hereto, but such resignation shall not become effective until a successor Note and Stock Escrow Agent shall have been appointed with the consent of all parties hereto and shall have accepted such appointment in writing.
The foregoing indemnities in this paragraph shall survive the resignation of the Note and Stock Escrow Agent or the termination of this Agreement.
By execution of this Agreement, the Note and Stock Escrow Agent acknowledges receipt of the Note Escrow Deposit.
All notices and demands, given to the Note and Stock Escrow Agent under the provisions of this Agreement shall be in writing and shall be addressed to _____________________________.
In disbursing such funds and releasing such shares of Common Stock, Escrow Agent is authorized to rely upon such Joint Written Direction from the Company and the Investor and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent has on file.