Common use of Execution by Escrow Agent Clause in Contracts

Execution by Escrow Agent. Escrow Agent has executed this Agreement in order to confirm that Escrow Agent has received and shall hold the Escrow Deposits, in escrow, and shall disburse the Escrow Deposits pursuant to the provisions of this Article 14. Strategic, the Existing Partners, Management LLC and Partnership are free to amend or modify this Agreement without Escrow Agent’s signature as long as such amendment does not affect Escrow Agent’s liability hereunder.

Appears in 2 contracts

Sources: Contribution Agreement (Strategic Hotel Capital Inc), Contribution Agreement (Strategic Hotel Capital Inc)

Execution by Escrow Agent. Escrow Agent has executed this Agreement in order to confirm that Escrow Agent has received and shall hold the Escrow Deposits, in escrow, and shall disburse the Escrow Deposits pursuant to Deposit in accordance with the provisions of this Article 1415. Strategic, the Existing Partners, Management LLC Buyer and Partnership Seller are free to amend or modify this Agreement without Escrow Agent’s signature as long as such amendment does not affect Escrow Agent’s duties or liability hereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement (ESH Hospitality, Inc.)