Common use of Assignment by Escrow Agent Clause in Contracts

Assignment by Escrow Agent. In the event that Escrow Agent contemplates the assignment of any of its rights or obligations under this Agreement, it shall so notify both DCI and CRTX in writing, and those parties will have thirty (30) days in which either to consent in writing to such assignment or request transfer of the Deposit Material to a successor Escrow Agent.

Assignment by Escrow Agent. In the event that Escrow Agent contemplates the assignment of any of its rights or obligations under this Agreement, it shall so notify both DCI and CRTX in writing, and those parties will have thirty (30) 30 days in which either to consent in writing to such assignment or request transfer of the Deposit Material to appoint a successor Escrow Agent.