Common use of Resignation by Escrow Agent Clause in Contracts

Resignation by Escrow Agent. Escrow Agent may resign as Escrow Agent by giving ▇▇▇▇▇▇ and Buyer 60 days written notice of intent to resign. ▇▇▇▇▇▇ and ▇▇▇▇▇ will select a successor escrow agent and give written notice to Escrow Agent of the selection. If the parties fail, for any reason, to select a successor escrow agent and give ▇▇▇▇▇▇ Agent written notice of the selection within 60 days after mailing by ▇▇▇▇▇▇ Agent of notice of intent to resign, then ▇▇▇▇▇▇ Agent may select the successor escrow agent.

Resignation by Escrow Agent. Escrow Agent may resign as Escrow Agent Agent, by giving ▇▇▇▇▇▇ Seller and Buyer 60 days written notice of intent to resign. ▇▇▇▇▇▇ Seller and ▇▇▇▇▇ Buyer will select a successor escrow agent and give written notice to Escrow Agent of the selection. If the parties fail, for any reason, to select a successor escrow agent and give ▇▇▇▇▇▇ Escrow Agent written notice of the selection within 60 days after mailing by ▇▇▇▇▇▇ Escrow Agent of notice of intent to resign, then ▇▇▇▇▇▇ Escrow Agent may select the successor escrow agent.