Common use of Joint Written Instructions Clause in Contracts

Joint Written Instructions. Notwithstanding the foregoing, if at any time the Escrow Agent shall receive joint written instructions executed by the Sellers and Buyer (“Joint Written Instructions”) to release all or any portion of the Escrow Amount, then within five (5) Business Days after receipt of such Joint Written Instructions, the Escrow Agent shall release the Aggregate Escrow Shares and the Aggregate Cash Amount in accordance with such Joint Written Instructions. The Sellers and Buyer will cooperate in good faith in executing such Joint Written Instructions wherever reasonably necessary to ensure distributions of the Escrow Amount to the Party entitled thereto under the terms of the Purchase Agreement.

Appears in 1 contract

Sources: Escrow Agreement (MRS Fields Famous Brands LLC)

Joint Written Instructions. Notwithstanding the foregoing, if at any time the Escrow Agent shall receive joint written instructions executed by the Sellers and the Buyer (“Joint Written Instructions”) to release all or any portion of the Escrow Amount, then within five (5) Business Days after receipt of such Joint Written Instructions, the Escrow Agent shall release the Aggregate Escrow Shares and the Aggregate Cash Amount in accordance with such Joint Written Instructions. The Sellers and the Buyer will cooperate in good faith in executing such Joint Written Instructions wherever reasonably necessary to ensure distributions of the Escrow Amount to the Party entitled thereto under the terms of the Purchase Agreement.

Appears in 1 contract

Sources: Escrow Agreement (MRS Fields Famous Brands LLC)