Common use of Successor Escrow Agents Clause in Contracts

Successor Escrow Agents. Any Person that is the successor of Escrow Agent, by merger, consolidation or transfer of substantially all the business of the Escrow Agent, shall be the Escrow Agent under this Escrow Agreement without further act.

Appears in 2 contracts

Sources: Indemnification Escrow Agreement (North American Scientific Inc), Indemnification Agreement (Friede John A)