Common use of Escrow Documents Clause in Contracts

Escrow Documents. To give effect to the understanding of the parties, Return and/or Hertz has delivered the following documents (the "Escrow Documents") to Morse, Zelnick, Rose & Lander, LLP (the "Escrow Agent") who has agreed to act as escrow agent under the terms and conditions set forth herein: (a) A duly executed affidavit for confession of judgment (the "Confession of Judgment") by Return in the amount of $210,000 plus interest at 21% per annum from April 17, 2001 to the date of payment; (b) Certificates for 200 shares of Common Stock by Hergo, together with duly executed Stock Powers endorsed in blank ("the Hergo Stock"); (c) General release of Hertz by Return (the "Return Release"); and (d) General release of Return by Hertz (the "Hertz Release).

Escrow Documents. To give effect to the understanding of the parties, Return and/or Hertz has delivered the following documents (the "Escrow Documents") to Morse, Zelnick, Rose & Lander, LLP (the "Escrow Agent") who has agreed to act as escrow agent under the terms and conditions set forth herein: (a) A duly executed affidavit for confession of judgment (the "Confession of Judgment") by Return in the amount of $210,000 plus interest at 21% per annum from April 17, 2001 to the date of payment; (b) Certificates for 200 shares of Common Stock by of Hergo, together with duly executed Stock Powers endorsed in blank ("the Hergo Stock"); (c) General release of Hertz by Return (the "Return Release"); and (d) General release of Return by Hertz (the "Hertz Release").