Common use of Escrow Agent’s Resignation Clause in Contracts

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent.

Appears in 63 contracts

Samples: Escrow Services Agreement (Cub Crafters, Inc.), Escrow Services Agreement (LQR House Inc.), Escrow Services Agreement (Oracle Health, Inc.)

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Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent. Without limiting the generality of the foregoing, Escrow Agent may terminate this Agreement and thereby unilaterally resign under the circumstances specified in Section 2. Until a successor escrow agent accepts appointment or until another disposition of the subject matter has been agreed upon by the parties, following such resignation notice, Escrow Agent shall be discharged of all of its duties hereunder save to keep the subject matter whole.

Appears in 40 contracts

Samples: Escrow Services Agreement (Aptera Motors Corp), Escrow Services Agreement (M&m Media, Inc.), Escrow Services Agreement (Caltier Fund I LP)

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time anytime without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent. Until a successor escrow agent accepts appointment or until another disposition of the subject matter has been agreed upon by the parties, following such resignation notice, Escrow Agent shall be discharged of all of its duties hereunder save to keep the subject matter whole.

Appears in 10 contracts

Samples: Escrow Services Agreement (Careerlink Holdings, Inc), Escrow Services Agreement (GeoSolar Technologies, Inc.), Escrow Services Agreement (Rebrain.ai Inc.)

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent. Until a successor escrow agent accepts appointment or until another disposition of the subject matter has been agreed upon by the parties, following such resignation notice, Escrow Agent shall be discharged of all of its duties hereunder save to keep the subject matter whole.

Appears in 4 contracts

Samples: Escrow Services Agreement (World Tree Usa, LLC), Escrow Agreement (Apex Farms Corp.), Escrow Agreement (Co-Optrade)

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent.

Appears in 2 contracts

Samples: Escrow Agreement (Puraverde Inc.), Escrow Agreement (Radar USA Inc.)

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent. Until a successor escrow agent accepts appointment or until another disposition of the subject matter has been agreed upon by the parties, following such resignation notice, Escrow Agent shall be discharged of all of its duties hereunder save to keep the subject matter whole.

Appears in 2 contracts

Samples: Escrow Services Agreement (BiologX, Inc.), Escrow Services Agreement (MjLink.com, Inc.)

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Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor success or escrow agent.

Appears in 1 contract

Samples: Escrow Services Agreement (Future Pearl Labs, Inc)

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent. Without limiting the generality of the foregoing, Escrow Agent may terminate this Agreement and thereby unilaterally resign under the circumstances specified in Section 2b. Until a successor escrow agent accepts appointment or until another disposition of the subject matter has been agreed upon by the parties, following such resignation notice, Escrow Agent shall be discharged of all of its duties hereunder save to keep the subject matter whole.

Appears in 1 contract

Samples: Escrow Services Agreement (Opening Night Enterprises, LLC)

Escrow Agent’s Resignation. Escrow Agent may unilaterally resign at any time without prior notice by giving written notice to Issuer, whereupon Issuer will immediately appoint a successor escrow agent.. Doc ID: bddd15a5ef934311157f2d3215950e5963c11998

Appears in 1 contract

Samples: Escrow Services Agreement (Xcraft Enterprises, LLC)

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