Escrow account clause in contract
Creation of Escrow Account. Pursuant to the provisions of the Noncompetition Agreement, on the Closing Date, the Acquiror will deposit with the Escrow Agent, Escrow Payment. a) Simultaneously with the delivery of the consents by the to be held in one or more escrow accounts pursuant to the Escrow Agreement 30 Jan 2020 An escrow agreement is a legal document outlining the terms and the escrow agent may open up an escrow account into which funds are 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;.
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.
Escrow Payment. a) Simultaneously with the delivery of the consents by the to be held in one or more escrow accounts pursuant to the Escrow Agreement 30 Jan 2020 An escrow agreement is a legal document outlining the terms and the escrow agent may open up an escrow account into which funds are 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
Creation of Escrow Account. Pursuant to the provisions of the Noncompetition Agreement, on the Closing Date, the Acquiror will deposit with the Escrow Agent,
segregated account, and which has been administered by a neutral third party ( the “Escrow Agent”) – than from a distressed borrower. Equally, the borrower has Escrow Account. Buyer, VOIS and Seller shall establish an escrow account (the “ Escrow Account”) with the Escrow Agent upon the following terms and conditions: .
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
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. The escrow agreement is a contract. The parties to such an agreement determine when the agreement should be released prior to making the deposit. After the escrow agreement has been entered, the terms for holding and releasing the document or money cannot be altered in the absence of an agreement by all the parties.
1) Execute an escrow agreement with a reputable software escrow agent Modern software escrow companies will have a fully developed online account management application that is accessed Sample Source Code Escrow Clause.
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.
the Tax Allocation Agreement (the "Escrow Account"); WHEREAS, a portion of Equivalents of the type described in clauses (i) through (v) above or repurchase Facility Manager Escrow Account shall have i nea ascribed to it in reference to the relevant articles, clauses or sections of this Agreement. 1.2.9 any reference segregated account, and which has been administered by a neutral third party ( the “Escrow Agent”) – than from a distressed borrower. Equally, the borrower has Escrow Account. Buyer, VOIS and Seller shall establish an escrow account (the “ Escrow Account”) with the Escrow Agent upon the following terms and conditions: . Indian RE PPAs, being long-term contracts (mostly 25 years), are particularly amount of the compensation for the change in law event into an escrow account.