Common use of Acceptance by Escrow Agent Clause in Contracts

Acceptance by Escrow Agent. The Company and the Manager hereby appoint the Escrow Agent as escrow agent hereunder on the terms and conditions hereinafter set forth. The Escrow Agent hereby accepts the appointment as escrow agent hereunder and agrees to act on the terms and conditions hereinafter set forth. The Escrow Agent shall be under no duty to take any action hereunder on behalf of the Company except as specifically set forth herein or as may be specifically agreed to by the Escrow Agent and the Company in a written amendment hereto.

Appears in 6 contracts

Samples: Escrow Agreement (PNC Alternative Strategies TEDI Fund LLC), Escrow Agreement (PNC Absolute Return TEDI Fund LLC), Escrow Agreement (PNC Absolute Return Fund LLC)

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Acceptance by Escrow Agent. The Company and the Manager hereby appoint appoints the Escrow Agent as escrow agent hereunder on the terms and conditions hereinafter set forth. The Escrow Agent hereby accepts the appointment as escrow agent hereunder and agrees to act on the terms and conditions hereinafter set forth. The Escrow Agent shall be under no duty to take any action hereunder on behalf of the Company except as specifically set forth herein or as may be specifically agreed to by the Escrow Agent and the Company in a written amendment hereto.

Appears in 4 contracts

Samples: Escrow Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 1), LLC), Escrow Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Escrow Agreement (Grosvenor Registered Multi-Strategy Fund (W), LLC)

Acceptance by Escrow Agent. The Company and the Manager hereby appoint the Escrow Agent as escrow agent hereunder on the terms and conditions hereinafter set forth. The Escrow Agent hereby accepts the appointment as escrow agent hereunder and agrees to act on the terms and conditions hereinafter set forth. The Escrow Agent shall be under no duty to take any action hereunder on behalf of the Company except as specifically set forth herein or as may be specifically agreed to by the Escrow Agent and the Company in a written amendment hereto.

Appears in 3 contracts

Samples: Escrow Agreement (O'Connor Fund of Funds: Multi-Strategy), Escrow Agreement (UBS Enso Fund), Escrow Agreement (CSFB Alternative Capital Long/Short Equity Fund, LLC)

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Acceptance by Escrow Agent. The Company and the Manager hereby appoint appoints the Escrow Agent as escrow agent hereunder on the terms and conditions hereinafter set forth. The Escrow Agent hereby accepts the appointment as escrow agent hereunder and agrees to act on the terms and conditions hereinafter set forth. The Escrow Agent shall be under no duty to take any action hereunder on behalf of the Company except as specifically set forth herein or as may be specifically agreed to by the Escrow Agent and the Company in a written amendment hereto.

Appears in 1 contract

Samples: Escrow Agreement (UST Global Private Markets Fund, LLC)

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