Resignation by Escrow Agent. Upon thirty (30) calendar days' prior written notice to the non-bank Party delivered or sent as required above, the Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from these instructions. Upon resignation by the Escrow Agent, the Escrow Agent shall provide the non-bank Party with sufficient information concerning the status of the Escrow Fund to enable the non-bank parties to provide the same to a successor escrow agent.
Resignation by Escrow Agent. Escrow Agent reserves the right to resign hereunder, upon ten (10) days prior written notice to Issuer. In the event of said resignation, and prior to the effective date thereof, Issuer, by written notice to Escrow Agent, shall designate a successor escrow agent to assume the responsibilities of Escrow Agent under this Agreement, and Escrow Agent immediately shall deliver any undisbursed Escrow Account funds to such successor escrow agent. If Issuer shall fail to designate such a successor escrow agent within such time period, the Escrow Agent may deliver any undisbursed funds into the registry of any court having jurisdiction.
Resignation by Escrow Agent. Escrow Agent may resign as Escrow Agent, by giving Seller and Buyer 60 days written notice of intent to resign. Seller and Buyer will select a successor escrow agent and give written notice to Escrow Agent of the selection. If the parties fail, for any reason, to select a successor escrow agent and give Escrow Agent written notice of the selection within 60 days after mailing by Escrow Agent of notice of intent to resign, then Escrow Agent may select the successor escrow agent.
Resignation by Escrow Agent. If the Escrow Agent wishes to resign as escrow agent, the Escrow Agent will give written notice to the Issuer.
Resignation by Escrow Agent. Escrow Agent may resign from this Environmental Escrow Agreement, and thereby become discharged as of the effective time of such resignation from any further duties hereunder, by giving notice in writing to Seller Parties and Limited Partner not less than five (5) business days before such resignation is to take effect.
Resignation by Escrow Agent. Upon thirty (30) calendar days' prior written notice delivered or sent as required above, Escrow Agent shall have the right to resign as escrow agent hereunder and to thereby terminate its duties and responsibilities hereunder, and shall thereupon be released from said duties and responsibilities. In the event of any such resignation, the Parties shall mutually agree and appoint a successor escrow agent and the Escrow Agent shall deliver to such successor escrow agent any escrow funds and other documents held by the Escrow Agent. Upon such appointment, the successor escrow agent shall be referred herein to as Escrow Agent.
