Escrow account clause in contract dlkkjim

12.10.2020

Escrow Agent that no such person or party be entitled to any of the benefits herewill under, except as expressly provided herein. 9. This Agreement is intended as a contract under the laws of the State of North Carolina and will be governed thereby and construed in accordance therewith. 10. An escrow account acts as a middleman of sorts during a real estate transaction. After a purchase price has been negotiated, the escrow account holds the deposit from the buyer, which usually Justia US Law US Codes and Statutes Georgia Code 2010 Georgia Code TITLE 32 - HIGHWAYS, BRIDGES, AND FERRIES CHAPTER 2 - DEPARTMENT OF TRANSPORTATION ARTICLE 4 - EXERCISE OF POWER TO CONTRACT GENERALLY § 32-2-76 - Contract clauses providing for escrow agreements; mandatory provisions of escrow agreements Sample clauses to use within a software license agreement. Option 1. Within 30 Days of signing the Software License Agreement, the Supplier shall enter into a Software Escrow Agreement with {ENTER NAME OF SOFTWARE ESCROW VENDOR} in relation to the depositing of the source code, databases and relevant documentation for the software. Duration of Escrow. Subject to Sections 2.5(d), (e) and (f) below the Escrow Shares (and any Escrow Income) in the Escrow Account shall be retained until receipt by the Escrow Holder of the Sales Condition Notice (the “Release Date”). Duration of Escrow. A deposit in escrow amounts to a conditional delivery. An escrow is not invalidated by the death of a depositor prior to performance of the condition of the escrow. The parties can substitute another depositary for the same purpose. A substituted depositary will be bound by the terms of the original contract.

A Escrow of Source Code clause in a software license agreement provides for an arrangement whereby source code (together with periodic updates) may be deposited with a trusted third party, allowing the code to be released to the Licensee in the event that the licensor is not able, or willing to support the software.

An escrow agreement is a contract that defines an arrangement between parties where one party deposits an asset with a third party. This third party then delivers the asset to the second party when the contract conditions are met. The Escrow Agent will not be permitted to combine personal accounts with the escrow funds at any time during the period of this escrow agreement. The Escrow Agent will hold any notifications and instructions they may receive as valid without the requirement to investigate or question the sender. The Escrow Agent shall release the [DELIVERABLE] to [PARTY B] if [PARTY A] becomes insolvent, becomes the subject of a receivership, or files a petition for bankruptcy. Breach of License Agreement. The Escrow Agent shall release the [DELIVERABLE] to [PARTY B] if [PARTY A] breaches any support or maintenance obligations under the License Agreement. Put simply, an escrow account is a bank account with defined conditions for the release of funds. An escrow agent is appointed by the employer and contractor to hold a sum of money on trust. The escrow monies might be: used to fund every payment on a regular basis; or. Escrow Agreement - Shuanghui International Holdings Ltd. and Smithfield Foods Inc. (May 28, 2013) Securities Escrow Agreement - 57th Street General Acquisition Corp. (May 2010) Escrow Agreement - UMB Bank NA, Diligent Board Member Services Inc. and Diligent Board Member Services LLC (Nov 7, 2007); Escrow Agreement - Limelight Networks Inc., Michael Gordon, GS Capital Partners V Fund LP and US Escrow Agent that no such person or party be entitled to any of the benefits herewill under, except as expressly provided herein. 9. This Agreement is intended as a contract under the laws of the State of North Carolina and will be governed thereby and construed in accordance therewith. 10.

A deposit in escrow amounts to a conditional delivery. An escrow is not invalidated by the death of a depositor prior to performance of the condition of the escrow. The parties can substitute another depositary for the same purpose. A substituted depositary will be bound by the terms of the original contract.

An escrow agreement is a contract that outlines the terms and conditions between parties involved, and the responsibility of each. Escrow agreements generally involve an independent third party, called an escrow agent, who holds an asset of value until the specified conditions of the contract are met. The Escrow Account shall be used to satisfy claims of the Purchaser Indemnified Parties for indemnification pursuant to Article X made from and after Closing but on or before the applicable Expiration Date or claims pursuant to the Transition Services Agreement. Any funds in the Escrow Account not so used shall be distributed to the Parent Seller, on behalf of the Sellers, in accordance with the Escrow Agreement. Investment of Escrow Account. The Escrow Funds shall be credited by Escrow Agent and recorded in the Escrow Account. The Escrow Agent shall be permitted, and is hereby authorized to deposit, transfer, hold and invest all funds received under this Agreement, including principal and interest, in an institutional money market account. A Escrow of Source Code clause in a software license agreement provides for an arrangement whereby source code (together with periodic updates) may be deposited with a trusted third party, allowing the code to be released to the Licensee in the event that the licensor is not able, or willing to support the software. An escrow agreement is a contract that defines an arrangement between parties where one party deposits an asset with a third party. This third party then delivers the asset to the second party when the contract conditions are met. The Escrow Agent will not be permitted to combine personal accounts with the escrow funds at any time during the period of this escrow agreement. The Escrow Agent will hold any notifications and instructions they may receive as valid without the requirement to investigate or question the sender. The Escrow Agent shall release the [DELIVERABLE] to [PARTY B] if [PARTY A] becomes insolvent, becomes the subject of a receivership, or files a petition for bankruptcy. Breach of License Agreement. The Escrow Agent shall release the [DELIVERABLE] to [PARTY B] if [PARTY A] breaches any support or maintenance obligations under the License Agreement.

Provisions referring to specific clauses of these MCAs may be suitably modified to reflect Representatives, be deemed to be a party to the Escrow Agreement and Debt Due in the event of termination on account of Authority Default. 3.5 The

(“MPA”) simultaneously with this Escrow Agreement in which Supplier agrees to sell certain. Products to Cisco and Cisco and Supplier desire this Manufacturing Escrow Agreement to be supplementary to Contact: Accounts Payable. P.O.# “Bank Guarantee(s)” shall have the meaning ascribed thereto in Clause 4.1; Escrow Account during the term of this Agreement and shall treat the amount in THIS ESCROW AGREEMENT, dated ______, 2014, by and between the $ ______ of available moneys on deposit in certain funds and accounts established or unenforceability of such section, paragraph, sentence, clause or provision between two or more Clauses of this Agreement, the provisions of a specific Clause 5.4.3 The Customer shall, at the time of opening the Escrow Account, give 26 Oct 2019 Default under this Clause 3 shall be conclusive evidence of such claim from the Escrow Account in accordance with the provisions of the Escrow agreement for the contract for the sale and purchase of North West House, Escrow Account in accordance with clause 19 of the Agreement. 2.

Provisions referring to specific clauses of these MCAs may be suitably modified to reflect Representatives, be deemed to be a party to the Escrow Agreement and Debt Due in the event of termination on account of Authority Default. 3.5 The

Agreement/Agreement”) want to open an account with YES BANK (“Escrow The indemnities contained in this clause shall survive the termination of the 3. References to Clauses are, unless stated otherwise, references to Clauses of this. Agreement. 2. ESCROW ACCOUNT. 2.1. Escrow Bank to act as trustee. ARBITRAL AWARD ESCROW ACCOUNT AGREEMENT. THIS ARBITRAL AWARD **Bank Guarantee" shall have the meaning ascribed thercio in Clause 4,1;. Commission, New Mexico" ("Contract"); and. WHEREAS, the Contract provides for the establishment of an Escrow Account, upon the occurrence of certain