Common use of Appointment of Escrow Agent and Creation of Account Clause in Contracts

Appointment of Escrow Agent and Creation of Account. Contemporaneously, with the execution of this Agreement, the Company has deposited with the Escrow Agent those assets listed on Exhibit B attached hereto. The Company and the Subscribers hereby appoint the Escrow Agent as escrow agent hereunder and direct it to hold those assets listed on Exhibit B attached hereto. The Company and the Subscribers hereby appoint the Escrow Agent as escrow agent hereunder and direct it to hold those assets described in said Exhibit B, together with any additional assets which may be deposited with the Escrow Agent from time to time to be held pursuant to this Agreement and all income earned from investment of the assets described in Exhibit B and any additions thereto (collectively the "Escrow Assets"), in a separate account in the name of "Physicians Care" (the "Escrow Account"). The Escrow Account shall be invested, administered and distributed in accordance with the terms set forth below.