Common use of Amendment; Resignation Clause in Contracts

Amendment; Resignation. This Escrow Agreement may be modified or amended only in writing and with the written consent of all of the parties hereto. Should the parties herein attempt to change this Escrow Agreement in a manner which, in the Escrow Agent's sole opinion, is undesirable, the Escrow Agent may resign as Escrow Agent upon three days' written notice to the other parties hereto; otherwise, it may resign as Escrow Agent at any time upon five days' written notice to the parties hereto. In the case of the Escrow Agent's resignation its only duty shall be to hold and dispose of the SuperShuttle Shares and the PTI Shares in accordance with the original provisions of this Escrow Agreement until a successor escrow agent shall be appointed and written notice of the name and address of such successor escrow agent shall be given to the Escrow Agent by SuperShuttle and/or PTI and the Shareholders; whereupon the Escrow Agent's only duty shall be to deliver to the successor escrow agent the SuperShuttle Shares and the PTI Shares. Any successor escrow agent shall be appointed hereunder by SuperShuttle subject to the approval of the Shareholders, which approval shall not be unreasonably withheld.

Amendment; Resignation. This Escrow Agreement may be modified or amended only in writing and with the written consent of all of the parties hereto. Should the parties herein attempt to change this Escrow Agreement in a manner which, in the Escrow Agent's sole opinion, is undesirable, the Escrow Agent may resign as Escrow Agent upon three days' written notice to the other parties hereto; otherwise, it may resign as Escrow Agent at any time upon five days' written notice to the parties hereto. In the case of the Escrow Agent's resignation its only duty shall be to hold and dispose of the SuperShuttle Shares and the PTI Sellers' Shares in accordance with the original provisions of this Escrow Agreement until a successor escrow agent shall be appointed and written notice of the name and address of such successor escrow agent shall be given to the Escrow Agent by SuperShuttle and/or PTI the Companies and the ShareholdersSellers; whereupon the Escrow Agent's only duty shall be to deliver to the successor escrow agent the SuperShuttle Shares and the PTI Shares. Any successor escrow agent shall be appointed hereunder by SuperShuttle subject to the approval of the Shareholders, which approval shall not be unreasonably withheld.duty

Amendment; Resignation. This Escrow Agreement may be modified or amended only in writing and with the written consent of all of the parties hereto. Should the parties herein attempt to change this Escrow Agreement in a manner which, in the Escrow Agent's sole opinion, is undesirable, the Escrow Agent may resign as Escrow Agent upon three days' written notice to the other parties hereto; otherwise, it may resign as Escrow Agent at any time upon five days' written notice to the parties hereto. In the case of the Escrow Agent's resignation its only duty shall be to hold and dispose of the SuperShuttle Shares and the PTI Tamarack Shares in accordance with the original provisions of this Escrow Agreement until a successor escrow agent shall be appointed and written notice of the name and address of such successor escrow agent shall be given to the Escrow Agent by SuperShuttle and/or PTI Tamarack and the ShareholdersShareholder; whereupon the Escrow Agent's only duty shall be to deliver to the successor escrow agent the SuperShuttle Shares and the PTI Tamarack Shares. Any successor escrow agent shall be appointed hereunder by SuperShuttle subject to the approval of the ShareholdersShareholder, which approval shall not be unreasonably withheld.