Joint Release Instruction definition
Examples of Joint Release Instruction in a sentence
For the avoidance of doubt, nothing herein shall relieve the Escrow Agent of its obligation to comply with any Joint Release Instruction or Final Determination delivered in accordance with this Agreement, or to act in accordance with applicable Law.
The Escrow Agent may rely upon and shall not be liable for acting or refraining from acting upon any Joint Release Instruction or Final Determination furnished to it hereunder and believed by it to be genuine and to have been signed and presented by an authorized signer of the proper Party or Parties.
In the event a Joint Release Instruction or Final Determination is delivered to the Escrow Agent, whether in writing, by facsimile or otherwise, the Escrow Agent is authorized to seek confirmation of such instruction by telephone call back to the person or persons designated in Exhibits A-1 and/or A-2 annexed hereto (the “Call Back Authorized Individuals”), and the Escrow Agent may rely upon the confirmations of anyone purporting to be a Call Back Authorized Individual.
The Joint Release Instruction shall include the amount to be disbursed and shall identify the Person or Persons to whom disbursement shall be made.