Common use of Resignation or Removal of Escrow Agent Clause in Contracts

Resignation or Removal of Escrow Agent. Escrow Agent may resign upon written notice to the Company and the Dealer Manager provided at least sixty days before the date specified for such resignation to take effect or be removed upon written notice from the Company and the Dealer Manager to the Escrow Agent at any time for any reason. Written notice of the resignation or removal of the Escrow Agent shall be provided to the proper parties at their respective addresses as set forth herein. Upon the effective date of such resignation or removal:

Appears in 4 contracts

Samples: Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.), Escrow Agreement (Inland Residential Properties Trust, Inc.), Soliciting Dealer Agreement (Inland Residential Properties Trust, Inc.)

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Resignation or Removal of Escrow Agent. Escrow Agent may resign upon resign, at any time, for any reason, by written notice of its resignation to the Company and the Dealer Manager provided at least sixty days before the date specified for such resignation to take effect or be removed upon written notice from the Company and the Dealer Manager to the Escrow Agent at any time for any reason. Written notice of the resignation or removal of the Escrow Agent shall be provided to the proper parties at their respective addresses as set forth herein, at least 60 days before the date specified in such notice for such resignation to take effect. Upon The Escrow Agent may be removed by the effective Company and the Dealer Manager at any time, by joint written notice executed by both the Company and the Dealer Manager, delivered at least 60 days before the date specified in such notice for the removal to take effect. In the event of such the Escrow Agent’s resignation or removal:

Appears in 3 contracts

Samples: Escrow Agreement (Independence Mortgage Trust, Inc.), Form of Escrow Agreement (Independence Mortgage Trust, Inc.), Escrow Agreement (Independence Mortgage Trust, Inc.)

Resignation or Removal of Escrow Agent. The Escrow Agent may resign at any time upon giving at least thirty (30) days written notice to the Company. The Company and may remove the Dealer Manager provided Escrow Agent, with or without cause, at least sixty any time upon giving ten (10) days before the date specified for such resignation to take effect or be removed upon prior written notice from the Company and the Dealer Manager to the Escrow Agent at any time for any reasonAgent. Written notice of the However, such resignation or removal shall not become effective until the appointment of the Escrow Agent a successor escrow agent, which shall be provided accomplished as follows: The Company shall use its best efforts to the proper parties at their respective addresses as set forth herein. Upon the effective date of such obtain a successor escrow agent within thirty (30) days after receiving a resignation notice or giving a removal:

Appears in 2 contracts

Samples: Escrow Agreement (Iroquois Bio Energy Co LLC), Escrow Agreement (Iroquois Bio Energy Co LLC)

Resignation or Removal of Escrow Agent. (a) The Escrow Agent may resign upon and be discharged from the performance of its duties hereunder at any time by giving thirty (30) days prior written notice to the Company and the Dealer Manager provided at least sixty days before the Escrow Issuer specifying a date specified for when such resignation shall take effect. The Escrow Issuer may, with notice to take effect or be removed upon written notice from the Company and the Dealer Manager to Trustee, remove the Escrow Agent at any time for any reason. Written notice of the resignation or removal of by giving the Escrow Agent shall be provided to thirty (30) days prior written notice signed by the proper parties at their respective addresses as set forth herein. Upon the effective date of such resignation or removal:Escrow Issuer.

Appears in 1 contract

Samples: Escrow and Security Agreement (MULTI COLOR Corp)

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Resignation or Removal of Escrow Agent. a. The Escrow Agent may resign upon and be discharged from the performance of its duties hereunder at any time by giving thirty days prior written notice to the Company Escrow Issuers specifying a date when such resignation shall take effect. The Escrow Issuers may, with notice to the Trustee and the Dealer Manager provided at least sixty days before the date specified for such resignation to take effect consent of Credit Suisse (which consent shall not unreasonably be withheld, delayed or be removed upon written notice from the Company and the Dealer Manager to conditioned), remove the Escrow Agent at any time for any reason. Written notice of the resignation or removal of by giving the Escrow Agent shall be provided to thirty days prior written notice signed by the proper parties at their respective addresses as set forth herein. Upon the effective date of such resignation or removal:Escrow Issuers.

Appears in 1 contract

Samples: Escrow and Security Agreement

Resignation or Removal of Escrow Agent. The Escrow Agent may resign upon as such after giving thirty days’ prior written notice to the Company and other parties to this Agreement. Similarly, the Dealer Manager provided at least sixty days before the date specified for such resignation to take effect or Escrow Agent may be removed upon and replaced after receiving thirty days’ prior written notice from the Company and the Dealer Manager other parties to the this Escrow Agent at any time for any reason. Written notice of the resignation or removal of the Escrow Agent shall be provided to the proper parties at their respective addresses as set forth herein. Upon the effective date of such resignation or removal:Agreement

Appears in 1 contract

Samples: Escrow Agreement (Atlas Resources Public #16-2007 Program)

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