By Escrow Agent Sample Clauses
The "By Escrow Agent" clause defines the rights, responsibilities, and actions that the escrow agent is authorized or required to take under the agreement. Typically, this clause outlines the circumstances under which the escrow agent may release funds or documents, the procedures the agent must follow, and any limitations on the agent’s liability. For example, it may specify that the agent can only act upon receiving written instructions from both parties or upon the occurrence of certain events. The core function of this clause is to ensure that the escrow agent acts impartially and according to agreed-upon terms, thereby protecting the interests of all parties and providing a clear process for handling escrowed assets.
By Escrow Agent. By Escrow Agent at any time, provided that Escrow Agent has given Licensors and Licensee notice to that effect in writing at least ninety (90) days before the contemplated date of termination, whereupon Licensors shall diligently attempt to identify an independent successor Escrow Agent, reasonably acceptable to all Licensee, who is agreeable to assuming all further obligations of Escrow Agent hereunder;
By Escrow Agent. On behalf of Buyer, a cashier’s check payable to Seller or a wire transfer for the sum equal to the Deposit.
By Escrow Agent. At Closing, the Escrow Agent shall deliver the Deposit to Seller.
By Escrow Agent. The Parties will request that the Escrow Agent execute and deliver the Escrow Agreement to Parent and Company at the Closing.
By Escrow Agent. At Closing, the Escrow Agent shall deliver the Escrow to Seller.