Escrow Agent definition
Examples of Escrow Agent in a sentence
Concurrently or prior to the execution and delivery of this Agreement, the Company shall deliver to Escrow Agent a copy of its certificate of formation or other charter documents and all documents and information necessary to for Encore Bank to establish the Escrow Account in accordance with its usual business practices.
The successor escrow agent appointed by Company and Managing Broker-Dealer shall execute, acknowledge and deliver to Escrow Agent and the other parties an instrument in writing accepting its appointment hereunder.
Escrow Agent h▇▇▇▇▇ accepts such appointment, subject to the terms, conditions, and limitations hereof.
Escrow Agent will transfer all files and records relating to the Escrow and E▇▇▇▇▇ Account to any successor escrow holder mutually agreed to in writing by Company and Managing Broker-Dealer upon receipt of a copy of the executed escrow instructions designating such successor.
The annual administration fee covers maintenance of the Escrow Account including safekeeping of assets in each such account, normal administrative functions of the Escrow Agent, including maintenance of the Escrow Agent’s records, follow-up of the Escrow Agreement’s provisions, and any other safekeeping duties required by the Escrow Agent under the terms of the Escrow Agreement.