Examples of Xxxxxxx Money Escrow Agent in a sentence
The undersigned parties hereby agree that upon a final judgment of any action with regard to a dispute as to the Xxxxxxx Money, Escrow Agent shall be reimbursed from the corpus of the amount interpleaded for any costs, expenses or attorney’s fees in excess of the severed and retained estimate, and will remit to the parties to the action any excess amount remaining after payment of all Escrow Agent’s costs, expenses and attorney’s fees, in accordance with any directive contained within the final judgment.
The Xxxxxxx Money Escrow Deposit shall be held and disbursed by Xxxxxxx Money Escrow Agent pursuant to the terms of the Xxxxxxx Money Escrow Agreement, appended hereto as Exhibit 14.1 (the "Xxxxxxx Money Escrow Agreement"), which Xxxxxxx Money Escrow Agreement has been entered into by the Seller, Buyer and Xxxxxxx Money Escrow Agent.
After receipt of the Mandatory Payment by Xxxxxxxx, at the Merger Sub's request Xxxxxxxx will execute and deliver to the Merger Sub such joint written instructions to the Xxxxxxx Money Escrow Agent as the Merger Sub may reasonably request in order to effect the return of the Xxxxxxx Money Fund to the Merger Sub.
If either party makes demand for the payment of the Xxxxxxx Money, Escrow Agent has the right to require from all parties and brokers a written release of liability of Escrow Agent for disbursement of the Xxxxxxx Money.
The Xxxxxxx Money Escrow Agent shall be permitted to invest and reinvest the funds held by it under the Xxxxxxx Money Escrow Agreement in the manner contemplated thereby.