Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 575 contracts
Sources: Convertible Note Purchase Agreement (Real Messenger Corp), Securities Escrow Agreement (Calisa Acquisition Corp), Share Escrow Agreement (Indigo Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by the Company and approved by the Representative, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 94 contracts
Sources: Share Escrow Agreement (Quantumsphere Acquisition Corp), Share Escrow Agreement (Quantumsphere Acquisition Corp), Share Escrow Agreement (Pelican Acquisition Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Stockholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 45 contracts
Sources: Stock Escrow Agreement (Industrial Services Acquisition Corp.), Stock Escrow Agreement (Services Acquisition Corp. International), Stock Escrow Agreement (Key Hospitality Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 32 contracts
Sources: Stock Escrow Agreement (Oak Woods Acquisition Corp), Stock Escrow Agreement (Oak Woods Acquisition Corp), Stock Escrow Agreement (Plutonian Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Stockholders, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 13 contracts
Sources: Stock Escrow Agreement (Apex Bioventures Acquisition Corp), Securities Escrow Agreement (TransTech Services Partners Inc.), Securities Escrow Agreement (Vantage Energy Services, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointlyCompany and the holders of a majority of the Escrow Shares, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 13 contracts
Sources: Securities Escrow Agreement, Stock Escrow Agreement (Global Technology Industries, Inc.), Stock Escrow Agreement (Global Technology Industries, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from form its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 11 contracts
Sources: Stock Escrow Agreement (Federal Services Acquisition CORP), Stock Escrow Agreement (Federal Services Acquisition CORP), Stock Escrow Agreement (Oracle Healthcare Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.55.5 hereof.
Appears in 10 contracts
Sources: Securities Escrow Agreement (Trans-India Acquisition Corp), Securities Escrow Agreement (Trans-India Acquisition Corp), Stock Escrow Agreement (Pharmathene, Inc)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, providedpro-vided, however, that such resignation shall become effective effec-tive only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 10 contracts
Sources: Stock Escrow Agreement (Global Alternative Asset Management, Inc.), Stock Escrow Agreement (China Fortune Acquisition Corp.), Stock Escrow Agreement (Global Alternative Asset Management, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointlyCompany and the holders of a majority of the Escrow Securities, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 10 contracts
Sources: Stock Escrow Agreement, Securities Escrow Agreement (International Brands Management Group LTD), Securities Escrow Agreement (International Brands Management Group LTD)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.54.5.
Appears in 9 contracts
Sources: Escrow Agreement (Chart Acquisition Corp.), Escrow Agreement (Chart Acquisition Group LLC), Escrow Agreement (Chart Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent agent, and approval by the Representative, as provided in Section 5.5.
Appears in 8 contracts
Sources: Stock Escrow Agreement (Akerna Corp.), Stock Escrow Agreement (MTech Acquisition Corp), Stock Escrow Agreement (MTech Acquisition Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 8 contracts
Sources: Securities Escrow Agreement (China Growth Equity Investment LTD), Securities Escrow Agreement (China Growth Equity Investment LTD), Securities Escrow Agreement (Prime Acquisition Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by the Company and approved by the Representatives, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 7 contracts
Sources: Stock Escrow Agreement (Accretion Acquisition Corp.), Stock Escrow Agreement (Accretion Acquisition Corp.), Stock Escrow Agreement (Petra Acquisition Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholder or its Permitted Transferees, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 7 contracts
Sources: Securities Escrow Agreement (Selway Capital Acquisition Corp.), Securities Escrow Agreement (Selway Capital Acquisition Corp.), Securities Escrow Agreement (Selway Capital Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Existing Stockholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.53.5.
Appears in 6 contracts
Sources: Stock Escrow Agreement (Symmetry Holdings Inc), Stock Escrow Agreement (Symmetry Holdings Inc), Stock Escrow Agreement (Symmetry Holdings Inc)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.56.5.
Appears in 5 contracts
Sources: Share Escrow Agreement (Net Element, Inc.), Stock Escrow Agreement (Taliera CORP), Stock Escrow Agreement (Taliera CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of the appointment by a successor escrow agent as provided for in Section 5.5.
Appears in 5 contracts
Sources: Stock Escrow Agreement (NextPlay Technologies Inc.), Stock Escrow Agreement (FinTech Acquisition Corp.), Stock Escrow Agreement (Dekania Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5. Upon such discharge, all obligations under this Agreement to the Escrow Agent shall terminate.
Appears in 5 contracts
Sources: Stock Escrow Agreement (Global Defense & National Security Systems, Inc.), Stock Escrow Agreement (Global Defense & National Security Systems, Inc.), Stock Escrow Agreement (Global Defense & National Security Systems, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 4 contracts
Sources: Stock Escrow Agreement (Big Rock Partners Acquisition Corp.), Stock Escrow Agreement (Big Rock Partners Acquisition Corp.), Stock Escrow Agreement (PENSARE ACQUISITION Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5subject to all of the terms of this Agreement and the delivery, by the Escrow Agent, of the Escrow Shares to such successor escrow agent.
Appears in 4 contracts
Sources: Stock Escrow Agreement (Secure America Acquisition CORP), Stock Escrow Agreement (BBV Vietnam S.E.A. Acquisition Corp.), Stock Escrow Agreement (Green Energy Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.54.5.
Appears in 4 contracts
Sources: Escrow Agreement (SC Health Corp), Escrow Agreement (SC Health Corp), Escrow Agreement (Pure Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholders or their Permitted Transferees, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 4 contracts
Sources: Securities Escrow Agreement (CIS Acquisition Ltd.), Securities Escrow Agreement (Chardan Metropol Acquisition Corp.), Securities Escrow Agreement (RNK Global Development Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by Parent and approved by the HL Representative, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 3 contracts
Sources: Stock Escrow Agreement (Schwarz Jeffrey E), Stock Escrow Agreement (Fusion Fuel Green PLC), Stock Escrow Agreement (Fusion Fuel Green PLC)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and the Sponsor, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent or delivery of the Escrow Securities as provided in Section 5.5.
Appears in 3 contracts
Sources: Sponsor Unit Purchase Agreement (Sidhu Special Purpose Capital Corp.), Securities Escrow Agreement (Sidhu Special Purpose Capital Corp.), Securities Escrow Agreement (Sidhu Special Purpose Capital Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5subject to all the terms of this Agreement and the delivery, by the Escrow Agent, of the Founder Warrants to such successor escrow agent.
Appears in 3 contracts
Sources: Founder Warrant Escrow Agreement (Secure America Acquisition CORP), Founder Warrant Escrow Agreement (Consumer Partners Acquisition Corp.), Founder Warrant Escrow Agreement (Secure America Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoBuyer, jointly, all of the Members and B▇▇▇▇▇; provided, however, that such resignation shall become effective only upon acceptance any notice of appointment discharge must (i) direct the disposition of the Escrow Property by Escrow Agent and (ii) include a successor escrow agent as provided in Section 5.5full release of the Escrow Agent of all liability hereunder.
Appears in 3 contracts
Sources: Membership Interest Purchase Agreement (Bright Mountain Media, Inc.), Escrow Agreement (Bright Mountain Media, Inc.), Escrow Agreement (Bright Mountain Media, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of the appointment by a successor escrow agent as provided for in Section 5.54.5.
Appears in 3 contracts
Sources: Stock Escrow Agreement (Spirit International, Inc.), Stock Escrow Agreement (Computron, Inc.), Stock Escrow Agreement (Computron, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and the Initial Shareholder, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 3 contracts
Sources: Stock Escrow Agreement (MBF Healthcare Acquisition Corp.), Stock Escrow Agreement (MBF Healthcare Acquisition Corp.), Stock Escrow Agreement (MBF Healthcare Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.57.5.
Appears in 3 contracts
Sources: Settlement Agreement (Fushi Copperweld, Inc.), Escrow Agreement (Fushi Copperweld, Inc.), Securities Escrow Agreement (United Refining Energy Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and Maxim, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 3 contracts
Sources: Stock Escrow and Voting Agreement (TransTech Services Partners Inc.), Stock Escrow and Voting Agreement (Doubloon Corp.), Stock Escrow and Voting Agreement (Doubloon Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by Parent and approved by each of Sponsor and the Company, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 3 contracts
Sources: Stock Escrow Agreement (DocGo Inc.), Stock Escrow Agreement (Motion Acquisition Corp.), Stock Escrow Agreement (Motion Acquisition LLC)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.58.5.
Appears in 3 contracts
Sources: Securities Escrow Agreement (Kreido Biofuels, Inc.), Asset Purchase Agreement (Kinder Travel, Inc.), Asset Purchase Agreement (Kinder Travel, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointlyHarbinger, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Apollo Investment Fund Iv Lp), Securities Purchase Agreement (Harbinger Capital Partners Master Fund I, Ltd.), Escrow Agreement (Harbinger Capital Partners Master Fund I, Ltd.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany, the Initial Shareholder and each of the First Fleet Shareholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Stock Escrow Agreement (First Class Navigation CORP), Stock Escrow Agreement (First Class Navigation CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time jointly by the other parties hereto, jointly, Parties; provided, however, that such resignation shall become effective only upon acceptance any notice of appointment discharge must (i) direct the disposition of the Escrow Property by Escrow Agent and (ii) include a successor escrow agent as provided in Section 5.5full release of the Escrow Agent of all liability hereunder.
Appears in 2 contracts
Sources: Escrow Agreement (Cleanspark, Inc.), Escrow Agreement (Weyland Tech, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority-in-interest of the Initial Stockholders, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Stock Escrow Agreement (Echo Healthcare Acquisition Corp.), Stock Escrow Agreement (Echo Healthcare Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Holders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Securities Escrow Agreement (Corporate Acquirers, Inc.), Securities Escrow Agreement (ASM Acquisition CO LTD)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoParties, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.57(e).
Appears in 2 contracts
Sources: Merger Agreement (MergeWorthRx Corp.), Escrow Agreement (MergeWorthRx Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholders, jointly, providedprovided , howeverhowever , that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Securities Escrow Agreement (Aquasition Corp.), Securities Escrow Agreement (China Growth Equity Investment LTD)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Founding Stockholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Securities Escrow Agreement (Global BPO Services Corp), Share Escrow Agreement (Titanium Asset Management Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Stock Escrow Agreement (Pure Acquisition Corp.), Stock Escrow Agreement (Pure Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.54(e).
Appears in 2 contracts
Sources: Escrow Agreement (Hf2 Financial Management Inc.), Escrow Agreement (Hf2 Financial Management Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all the other parties Parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.56(e).
Appears in 2 contracts
Sources: Escrow Agreement (SGOCO Technology, Ltd.), Escrow Agreement (Hambrecht Asia Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Insiders, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Securities Escrow Agreement (China Resources Ltd.), Securities Escrow Agreement (China Resources Ltd.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority in interest of the Founders, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Stock Escrow Agreement (Atlas Acquisition Holdings Corp.), Stock Escrow Agreement (Atlas Acquisition Holdings Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section SECTION 5.5.
Appears in 2 contracts
Sources: Escrow Agreement (SP Acquisition Holdings, Inc.), Escrow Agreement (SP Acquisition Holdings, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Private Investors, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Securities Escrow Agreement (Third Wave Acquisition CORP), Securities Escrow Agreement (Third Wave Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time jointly by the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.54(f).
Appears in 2 contracts
Sources: Merger Agreement (Workstream Inc), Merger Agreement (Workstream Inc)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so jointly requested in writing at any time by the other parties hereto, jointly, Grantors and the Holders (which request may be made only with the prior written consent of the Required Holders); provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 2 contracts
Sources: Option Issuance Agreement (Universal Business Payment Solutions Acquisition Corp), Option Issuance Agreement (Universal Business Payment Solutions Acquisition Corp)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and the Sponsor, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Securities Escrow Agreement (K Road Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholders, Chardan, PrinceRidge, Maxim and EuroPac or their Permitted Transferees, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time jointly by the other parties hereto, jointly, Company and the Seller; provided, however, that such resignation shall become effective only upon acceptance any notice of appointment discharge must (i) direct the disposition of the Escrow Property by Escrow Agent and (ii) include a successor escrow agent as provided in Section 5.5full release of the Escrow Agent of all liability hereunder.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoParties, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.58(e).
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by the Company, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority-in-interest of the Initial Shareholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time jointly by the other parties hereto, jointly, Buyer and the Shareholders; provided, however, that such resignation shall become effective only upon acceptance any notice of appointment discharge must (i) direct the disposition of the Escrow Property by Escrow Agent and (ii) include a successor escrow agent as provided in Section 5.5full release of the Escrow Agent of all liability hereunder.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time jointly by the other parties heretoCompany, jointly, the Buyer and the Seller or the Seller Designee; provided, however, that such resignation shall become effective only upon acceptance any notice of appointment discharge must (i) direct the disposition of the Escrow Property by Escrow Agent and (ii) include a successor escrow agent as provided in Section 5.5full release of the Escrow Agent of all liability hereunder.
Appears in 1 contract
Sources: Escrow Agreement (Inuvo, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoSterling and Fortress, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.53.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time jointly by the other parties heretoBuyer, jointly, the Shareholders and S&W; provided, however, that such resignation shall become effective only upon acceptance any notice of appointment discharge must (i) direct the disposition of the Escrow Property by Escrow Agent and (ii) include a successor escrow agent as provided in Section 5.5full release of the Escrow Agent of all liability hereunder.
Appears in 1 contract
Sources: Converted Rsu Escrow Agreement (Bright Mountain Media, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by Parent and approved by each of the Sponsors and the Company, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Sources: Sponsor Earnout Escrow Agreement (EdtechX Holdings Acquisition Corp. II)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Stockholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Initial Shareholders, Chardan, PrinceRidge and Maxim or their Permitted Transferees, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and FounderCo, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Share Exchange Agreement (Spring Creek Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5subject to all of the terms of this Agreement and the delivery, by the Escrow Agent, of the Private Placement Warrants to such successor escrow agent.
Appears in 1 contract
Sources: Private Placement Warrant Escrow Agreement (Chardan 2008 China Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoParent and the Stockholders’ Representative, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.54.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Founding Shareholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.. 5.7
Appears in 1 contract
Sources: Share Escrow Agreement
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by SPAC, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Sources: Business Combination Agreement (Aurora Technology Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, providedpro-vided, however, that such resignation shall become effective effec-tive only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5subject to all the terms of this Agreement and the delivery, by the Escrow Agent, of the Founder Warrants to such successor escrow agent.
Appears in 1 contract
Sources: Founder Warrant Escrow Agreement (Green Energy Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, jointly ; provided, however, that such resignation shall become effective only upon acceptance of the appointment by a successor escrow agent as provided for in Section 5.54.5.
Appears in 1 contract
Sources: Stock Escrow Agreement (Spirit International, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by the Company, which appointment will not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, Selway and approved by the Stockholders’ Representative; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Closing Payment Escrow Agreement (Selway Capital Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, Optiongrantor (which request may be made only with the prior written consent of the Required Holders); provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Option Escrow Agreement (Community Bankers Acquisition LLC)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.8(e)
Appears in 1 contract
Sources: Share Escrow Agreement (EVO Transportation & Energy Services, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, Selway and approved by each of the Key Personnel; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.54.5.
Appears in 1 contract
Sources: Management Share Escrow Agreement (Selway Capital Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the holders in interest of the Escrow Units, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent Escrow Agent as provided in Section 5.5.
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoParties, jointly, ; provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.56(e).
Appears in 1 contract
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and the Investor, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Securities Escrow Agreement (Navios Maritime Acquisition CORP)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and the Sponsor, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Sponsor Warrant Purchase Agreement (Sidhu Special Purpose Capital Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Founding Stockholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.. 5.7
Appears in 1 contract
Sources: Share Escrow Agreement
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5subject to all of the terms of this Agreement and the delivery, by the Escrow Agent, of the Founder Warrants to such successor escrow agent.
Appears in 1 contract
Sources: Founder Warrant Escrow Agreement (BBV Vietnam S.E.A. Acquisition Corp.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent selected by Holdco and approved by the EdtechX Committee (as provided defined in Section 5.5the Merger Agreement), which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Sources: Stock Escrow Agreement (Meten EdtechX Education Group Ltd.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by all of the other parties hereto, jointly, ; provided, however, that such resignation shall become effective only upon acceptance the appointment of appointment by a successor escrow agent as provided in Section 5.5selected by ListCo and approved by the Representative, which approval will not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Sources: Share Consideration Escrow Agreement (Banzai International, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties heretoCompany and a majority of the Founding Shareholders, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Share Escrow Agreement (Research Pharmaceutical Services, Inc.)
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective effec-tive only upon acceptance of appointment by a successor escrow agent as provided in Section 5.5.
Appears in 1 contract
Sources: Stock Escrow Agreement (QuadraPoint Acquisition Corp.)