Common use of Appointment of and Acceptance by Escrow Agent Clause in Contracts

Appointment of and Acceptance by Escrow Agent. a. The Investor and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement. b. The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s Common Stock which shall be purchased by the Investor. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s Common Stock in accordance with this Agreement. c. The Company hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in the general partner of the Investor and counsel to the Investor in connection with the transactions contemplated and referenced herein and will be acting as the escrow agent for shares of the Company’s Common Stock as outlined herein. The Company agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor and the Company will not seek to disqualify such counsel.

Appears in 8 contracts

Sources: Escrow Agreement (Aims Worldwide Inc), Escrow Agreement (Edgar Filingnet Inc), Escrow Agreement (Viper Powersports Inc)

Appointment of and Acceptance by Escrow Agent. a. The Investor and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement. b. The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s 's Common Stock which shall be purchased by the Investor. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s 's Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s 's Common Stock in accordance with this Agreement. c. The Company hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in of the general partner of the Investor Investor, and counsel to the Investor in connection with the transactions contemplated and referenced herein and will be acting as the escrow agent for shares of the Company’s 's Common Stock as outlined herein. The Company agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor and the Company will not seek to disqualify such counsel.

Appears in 1 contract

Sources: Escrow Agreement (Networth Technologies, Inc.)

Appointment of and Acceptance by Escrow Agent. a. (a) The Investor and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement. b. (b) The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s 's Common Stock which shall be purchased by the Investor. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s 's Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s 's Common Stock in accordance with this Agreement. c. (c) The Company hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in the general partner of the Investor and counsel to the Investor in connection with the transactions contemplated and referenced herein and will be acting as the escrow agent for shares of the Company’s 's Common Stock as outlined herein. The Company agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor and the Company will not seek to disqualify such counsel.

Appears in 1 contract

Sources: Escrow Agreement (Healthrenu Medical Inc)

Appointment of and Acceptance by Escrow Agent. a. The Investor and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement. b. The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s 's Common Stock which shall be purchased by the Investor. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s 's Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s 's Common Stock in accordance with this Agreement. c. The Company hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in the general partner of the Investor and special counsel to the Investor in connection with the transactions contemplated and referenced herein and will be acting as the escrow agent for shares of the Company’s Common Stock as outlined hereincertain matters. The Company agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor and the Company will not seek to disqualify such counsel. The Company and the Investor hereby waive any conflict of interest arising out of the Escrow Agent's representation of the Investor and the escrow services to be provided by the Escrow Agent under this Agreement. The Investor and the Company acknowledge and confirm that the Escrow Agent is not serving in a fiduciary capacity under this Agreement but rather is providing the services at set forth herein.

Appears in 1 contract

Sources: Escrow Agreement (Tix CORP)

Appointment of and Acceptance by Escrow Agent. a. The Investor and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement. b. The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s 's Common Stock which shall be purchased by the Investor. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s 's Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s 's Common Stock in accordance with this Agreement. c. The Company hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in of the general partner of the Investor and Investor, counsel to the Investor in connection with the transactions contemplated and referenced herein and will shall be acting as the escrow agent for shares of the Company’s 's Common Stock as outlined in connection with the transactions contemplated and referenced herein. The Company agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor and the Company will not seek to disqualify such counsel.

Appears in 1 contract

Sources: Escrow Agreement (Lmic Inc)

Appointment of and Acceptance by Escrow Agent. a. The Investor and the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest and disburse the Escrow Funds in accordance with this Agreement. b. The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s Common Stock which shall be purchased by the Investor. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s Common Stock in accordance with this Agreement. c. The Company hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in of the general partner of the Investor and counsel to the Investor in connection with the transactions contemplated and referenced herein and will be acting as the escrow agent for shares of the Company’s Common Stock as outlined herein. The Company agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor and the Company will not seek to disqualify such counsel.

Appears in 1 contract

Sources: Escrow Agreement (Lithium Technology Corp)

Appointment of and Acceptance by Escrow Agent. a. The Investor and the Company hereby appoint the Escrow Agent to serve as Escrow Agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest hold and disburse the Escrow Funds in accordance with this Agreement. b. The Investor and the Company hereby appoint the Escrow Agent to serve as the holder of the shares of the Company’s Common Stock which shall be purchased by the InvestorInvestor pursuant to the Standby Equity Distribution Agreement. The Escrow Agent hereby accepts such appointment and, upon receipt via D.W.A.C or the certificates representing of the shares of the Company’s Common Stock in accordance with Section 3 below, agrees to hold and disburse the shares of the Company’s Common Stock in accordance with this Agreement. c. The Company Investor hereby acknowledges that the Escrow Agent is general counsel to the Investor, a partner in Company and is representing the general partner of the Investor and counsel to the Investor Company in connection with the transactions contemplated and referenced herein and will be acting as the escrow agent for shares of the Company’s Common Stock as outlined herein. The Company Investor agrees that in the event of any dispute arising in connection with this Escrow Agreement or otherwise in connection with any transaction or agreement contemplated and referenced herein, the Escrow Agent shall be permitted to continue to represent the Investor Company and the Company Investor will not seek to disqualify such counsel.

Appears in 1 contract

Sources: Escrow Agreement (Spherix Inc)