Common use of Joint Written Instructions Clause in Contracts

Joint Written Instructions. The Escrow Agent will release the Escrow Property in accordance with written instructions signed by both of the Parties (each, a “Joint Written Instruction”) within five business days of the receipt of such Joint Written Instruction by the Parties to the Escrow Agent. The Parties each agree to issue Joint Written Instructions from time to time when either Party is entitled to payment in accordance with and subject to the terms and conditions of the Purchase Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Autoliv Inc), Stock Purchase Agreement (M/a-Com Technology Solutions Holdings, Inc.)