Common use of Discharge of Escrow Agent Clause in Contracts

Discharge of Escrow Agent. Upon delivery of the Escrow Deposit ------------------------- pursuant to the terms of Section 5 above, the Escrow Agent shall thereafter be --------- discharged from any further obligations hereunder. The Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all final judgments, orders and decrees of any court of competent jurisdiction which may be filed, entered or issued, and all final arbitration awards and, if it shall so comply or obey, it shall not be liable to any other person by reason of such compliance or obedience.

Appears in 1 contract

Sources: Escrow Agreement (Stein Avy H)

Discharge of Escrow Agent. Upon delivery disbursement of all of the Escrow Deposit ------------------------- pursuant to the terms of Section 5 aboveSections ARTICLE V and ARTICLE VI above or delivery thereof to a successor escrow agent in accordance with this Agreement, the Escrow Agent shall thereafter be --------- discharged from any further obligations hereunder, except pursuant to Section 8.2. The With respect to the Primary Escrow Account, Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all final judgments, orders and decrees of any court of competent jurisdiction which may be filed, entered or issued, and all final arbitration awards Orders and, if it shall so comply or obey, it shall not be liable to any other person or entity by reason of such compliance or obedience.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Mattress Firm Holding Corp.)

Discharge of Escrow Agent. Upon delivery disbursement of all of the Escrow Deposit ------------------------- Funds pursuant to the terms of Section Sections 5 aboveand 6 above or delivery thereof to a successor escrow agent in accordance with this Agreement, the Escrow Agent shall thereafter be --------- discharged from any further obligations hereunder, except pursuant to Section 7(b). The Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all final judgments, orders and decrees of any court of competent jurisdiction which may be filed, entered or issued, and all final arbitration awards Orders and, if it shall so comply or obey, it shall not be liable to any other person or entity by reason of such compliance or obedience.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Mattress Firm Holding Corp.)

Discharge of Escrow Agent. Upon delivery disbursement of all of the Escrow Deposit ------------------------- Funds pursuant to the terms of Section 5 aboveSections 0 and 6 above or delivery thereof to a successor escrow agent in accordance with this Agreement, the Escrow Agent shall thereafter be --------- discharged from any further obligations hereunder, except pursuant to Section 7(b). The Escrow Agent is hereby authorized, in any and all events, to comply with and obey any and all final judgments, orders and decrees of any court of competent jurisdiction which may be filed, entered or issued, and all final arbitration awards Orders and, if it shall so comply or obey, it shall not be liable to any other person or entity by reason of such compliance or obedience.

Appears in 1 contract

Sources: Asset Purchase Agreement (Mattress Firm Holding Corp.)