Escrow Agents. The Servicer shall cause all Home Purchase Contracts and Home Deeds to be delivered to an escrow agent in the applicable jurisdiction, with a notice to such agent of the interests of the Issuer and Indenture Trustee therein.
Escrow Agents. If a dispute arises over the disposition of funds or documents deposited with any escrow agent designated herein or appointed pursuant to the provisions hereof, that results in litigation, any attorney’s fees, court costs or other related expenses incurred by said escrow agent in connection with such dispute shall be reimbursed to said escrow agent by Seller and Buyer equally.
Escrow Agents. Buyer, and Seller desire to enter into this Agreement to provide for the holding and disbursement of the Escrow Deposit and the Closing Documents, as further set forth in this Agreement.
Escrow Agents. The parties do hereby designate Xxxxx X. Xxxxxx, Esq. and ------------- Xxxxxx Xxxxxxx, Esq. to serve as Joint Escrow Agents hereunder. No action shall be taken by any one Escrow Agent unless approved in writing, by the other Escrow Agent. The actual Escrowed Shares shall physically be held by Xx. Xxxxxxx. In the event the either or both of the Escrow Agents named herein shall resign or refuse to act further as Escrow Agent hereunder, without having appointing a successor Escrow Agent, the parties hereto shall mutually agree upon a successor Escrow Agent, or Agents, or in the absence of such agreement, shall apply to a court of competent jurisdiction for the appointment of same.
Escrow Agents s/ Xxxxx X. Xxxxxx ---------------------- XXXXX X. XXXXXX, ESQ. /s/ Xxxxxx Xxxxxxx ---------------------- XXXXXX XXXXXXX, ESQ. The stock placed in Escrow is to be released on the first and second anniversary of the closing against the following schedule of Gross Profit achievement of the acquired business for the previous 12 months. $784,000 to $823,999 - 50% of Escrowed shares $588,000 to $783,999 - 37.5% of Escrowed shares $392,000 to $587,999 - 25% of Escrowed shares $196,000 to $391,999 - 12.5% of Escrowed shares $0 to $195,999 - 0 shares
Escrow Agents. 4.1 The Escrow Agents shall be reimbursed for all expenses, disbursements and advances incurred or made by them in the performance of their duties hereunder. The CSI Shareholders shall be responsible for the expenses, disbursements and advances incurred by Xxxxxx Xxxxx Xxxxxx & Xxxxxxx, LLP and Subsidiary shall be responsible for the expenses, disbursements and advances incurred by Xxxxxxxxx & Dreidame Co., LPA.
Escrow Agents the Buyer’s Solicitors and the Sellers’ Solicitors. Escrow Bank: Lloyds Bank plc of 00 Xxxxxxx Xxxxxx, Xxxxxxxxx, XX00 0XX. Escrow Letters: the letters, in the agreed form, to be signed by the Buyer, LDC and the Seller’s Representative instructing and authorising the Escrow Agents to establish and operate the First Escrow Account and the Second Escrow Account.
Escrow Agents. (a) The Purchase Price and the Certificates shall be held in a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any Party, and shall be held and disbursed solely for the purposes and in accordance with the terms hereof.
Escrow Agents. The Vendors’ Solicitors and the Purchaser’s Solicitors (collectively the “Escrow Agents”) shall perform only the duties expressly set forth herein. The Escrow Agents shall not have any other right, duty or obligation to manage, make any payment in respect of, vary or otherwise deal in any matters contemplated by this Agreement or to otherwise take or refrain from taking any action under or in connection with any document contemplated hereby and no implied rights, duties, covenants or obligations shall be implied into, or construed from, this Agreement.
Escrow Agents. Chapman & Flanagan, Xxx., xhalx xxxxx as the escrow agent. All shares and any funds that are to be exchanged as part of this Agreement shall be deposited with the Escrow Agent. At the Closing, assuming that all obligations of each party have been fulfilled, the Escrow Agent shall complete the transfer of all property in his possession in accordance with the terms of this Agreement.
