Escrow Agreement definition
Examples of Escrow Agreement in a sentence
This Escrow Agreement shall terminate upon the final distribution of all Escrowed Shares and payment of all fees due to the Escrow Agent.
The Escrow Agent hereby acknowledges receipt of the Escrowed ▇▇▇▇▇▇ and agrees to hold and distribute such shares in accordance with the terms and conditions of this Escrow Agreement.
Upon the first to occur of the disbursement of all amounts in the Escrow Funds or deposit of all amounts in the Escrow Funds into court pursuant to the applicable provisions hereof, this Escrow Agreement shall terminate and Escrow Agent shall have no further obligation or liability whatsoever with respect to this Escrow Agreement or the Escrow Funds.
If any provision of this Escrow Agreement is held invalid or unenforceable, the remaining provisions shall continue in full force and effect.
The Buyer shall pay the Escrow Agent a fee of NIS 3,000 upon execution of this Escrow Agreement for its services hereunder.