Common use of Right to Resign Clause in Contracts

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written notice to Parent and the Stockholder Representative of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by Parent and the Stockholder Representative. In either event, Parent and the Stockholder Representative shall agree upon a successor Escrow Agent. If the Stockholder Representative and Parent are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent and the Stockholder Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration and agreeing to the terms of this Agreement.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written such notice to Parent and the Stockholder Representative in writing of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by Parent and all of the Stockholder Representativeother parties hereto. In either event, Parent the Purchaser Representative and the Stockholder Seller Representative shall agree upon a successor Escrow Agent. If the Stockholder Seller Representative and Parent the Purchaser Representative are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent the Purchaser Representative and the Stockholder Seller Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration Property and agreeing to the terms of this Agreement.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written such notice to Parent and the Stockholder Representative in writing of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by Parent and all of the Stockholder Representativeother parties hereto. In either event, Parent Purchaser and the Stockholder Seller Representative shall agree upon a successor Escrow Agent. If the Stockholder Seller Representative and Parent Purchaser are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent Purchaser and the Stockholder Seller Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration Property and agreeing to the terms of this Agreement.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written such notice to Parent and the Stockholder Representative in writing of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by Parent and all of the Stockholder Representativeother parties hereto. In either event, Parent the Purchaser Representative and the Stockholder Seller Representative shall agree upon a successor Escrow Agent. If the Stockholder Seller Representative and Parent the Purchaser Representative are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Exxxxx Agent shall execute and deliver to the predecessor Escrow Agent, Parent the Purchaser Representative and the Stockholder Seller Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration Property and agreeing to the terms of this Agreement.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written such notice to Parent and the Stockholder Representative in writing of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by Parent and all of the Stockholder Representativeother parties hereto. In either event, Parent Xxxxx and the Stockholder INXB Representative shall agree upon a successor Escrow Agent. If the Stockholder INXB Representative and Parent Xxxxx are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-then- acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent Xxxxx and the Stockholder INXB Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration Property and agreeing to the terms of this Agreement.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written such notice to Parent and the Stockholder Representative in writing of such resignation to each of the other parties hereto specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty twenty (3020) days’ joint written notice to the Escrow Agent by Parent and all of the Stockholder Representativeother parties hereto. In either event, Parent the Purchaser Representative and the Stockholder Seller Representative shall agree upon a successor Escrow Agent. If the Stockholder Seller Representative and Parent the Purchaser Representative are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty twenty (3020) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent the Purchaser Representative and the Stockholder Seller Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration Property and agreeing to the terms of this Agreement.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written notice to the Parent and the Stockholder Representative of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by the Parent and the Stockholder Representative. In either event, the Parent and the Stockholder Representative shall agree upon a successor Escrow Agentescrow agent. If the Stockholder Representative and the Parent are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-acting Escrow Agent escrow agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent escrow agent shall execute and deliver to the predecessor Escrow Agent, the Parent and the Stockholder Representative an instrument accepting such appointment and the transfer of the Escrow Gamma Earnout Consideration Shares and the Earnout Parent Share Consideration and agreeing to the terms of this Agreement, upon which successor shall be considered the Escrow Agent for all purposes hereunder.

Right to Resign. The Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving written such notice to Parent and the Stockholder Representative in writing of such resignation specifying a date when such resignation shall take effect, which shall be a date not less than sixty (60) days after the date of the notice of such resignation. Similarly, the Escrow Agent may be removed and replaced following the giving of thirty (30) days’ joint written notice to the Escrow Agent by Parent and all of the Stockholder Representativeother parties hereto. In either event, Parent the Purchaser Representative and the Stockholder Representative Seller shall agree upon a successor Escrow Agent. If Seller and the Stockholder Purchaser Representative and Parent are unable to agree upon a successor or shall have failed to appoint a successor prior to the expiration of sixty (60) days following the date of resignation or thirty (30) days following the date of removal, the then-acting Escrow Agent may petition any court of competent jurisdiction for the appointment of a successor escrow agent or otherwise appropriate relief, and any such resulting appointment shall be binding upon all of the parties hereto. Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent the Purchaser Representative and the Stockholder Representative Seller an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration Property and agreeing to the terms of this Agreement.