Common use of Receipts and Releases Clause in Contracts

Receipts and Releases. The Escrow Agent may, as a condition to the disbursement of monies or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 5 contracts

Samples: Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Lionbridge Technologies Inc /De/)

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Receipts and Releases. The Escrow Agent may, as a condition to the disbursement of monies release or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 3 contracts

Samples: Escrow Agreement (Sipex Corp), Escrow Agreement (Lionbridge Technologies Inc /De/), Escrow Agreement (Jeanty Roger O)

Receipts and Releases. The Escrow Agent may, as a condition to --------------------- the disbursement of monies or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 3 contracts

Samples: Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De)

Receipts and Releases. The Escrow Agent may, as a condition --------------------- to the disbursement of monies or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 2 contracts

Samples: Escrow Agreement (Transwitch Corp /De), Escrow Agreement (Transwitch Corp /De)

Receipts and Releases. The Escrow Agent may, as a condition to the disbursement of monies or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 2 contracts

Samples: Escrow Agreement (Retalix LTD), Escrow Agreement (Retalix LTD)

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Receipts and Releases. The Escrow Agent may, as a condition to the disbursement of monies or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, with such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 2 contracts

Samples: Commitment Agreement (Talarian Corp), Agreement With Certain Whitebarn Shareholders (Talarian Corp)

Receipts and Releases. The Escrow Agent may, as a condition to the disbursement of monies or disposition of securities as provided herein, require from the payee or recipient a receipt therefor and, upon final payment or disposition, a release of the Escrow Agent from any liability arising out of its execution or performance of this Escrow Agreement, such . Such release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 1 contract

Samples: Escrow Agreement (Lancashire Christopher W)

Receipts and Releases. The Escrow Agent may, as a condition to the disbursement of monies or disposition of securities as provided hereinin this General Escrow Agreement, require from the payee or recipient a receipt therefor therefore and, upon final payment or disposition, a release of the Escrow Agent by Parent and Shareholders’ Representative from any liability arising out of its execution or performance of this General Escrow Agreement, such the release to be in a form reasonably satisfactory to the Escrow Agent.

Appears in 1 contract

Samples: General Escrow Agreement (Flow International Corp)

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