Common use of Security Procedures Clause in Contracts

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 3 contracts

Sources: Merger Agreement (Abri SPAC I, Inc.), Assurance Escrow Agreement (Abri SPAC I, Inc.), Assurance Escrow Agreement (Abri SPAC I, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including any Joint but not limited to the Written Instruction permitted pursuant to Instructions described in Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAccount, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge Company acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 3 contracts

Sources: Escrow Agreement, Escrow Agreement (Gabelli Go Anywhere Trust), Escrow Agreement (Gabelli Go Anywhere Trust)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received given (other than in writing at the time of execution of this Escrow Agreement, as indicated in Section 9 above), whether in writing, by the Escrow Agent by facsimile telecopier or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Annex III hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Annex III, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company your executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, President or Chief Financial Officer, President of Executive Vice President, Officer as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary's bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Party A or Party B to identify (a) the beneficiary, (b) the beneficiary's bank, or (c) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary's bank or an intermediary bank designated. The parties hereto to this Escrow Agreement acknowledge that these security procedures are commercially reasonable. Party A and Party B agree that repetitive or standing settlement instructions will be effective as the funds transfer instructions of Party A and Party B, whether or not authorized, if such settlement instructions are verified pursuant to the security procedure provided herein or such other security procedure that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow SharesAgent, as designated in a Joint Written InstructionParty A and Party B may agree to.

Appears in 2 contracts

Sources: Escrow Agreement (Perficient Inc), Escrow Agreement (Perficient Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor to_____________ by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company of___________ (collectively, the "Senior Officers"), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated by_____________ in a Joint Written Instructionwriting.

Appears in 2 contracts

Sources: Merger Agreement (DFP Healthcare Acquisitions Corp.), Stockholder Support Agreement (DFP Healthcare Acquisitions Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by ▇▇▇▇ the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) . In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge . Parent acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a or recipient of the Escrow Shares, as designated by Parent or Stockholder Representative in a Joint Written Instructionwriting.

Appears in 2 contracts

Sources: Escrow Agreement (Logiq, Inc.), Escrow Agreement (Collective Audience, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent (collectively, the “Senior Officers”), as the case may be, , which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 2 contracts

Sources: Merger Agreement (Abri SPAC I, Inc.), Earnout Escrow Agreement (Abri SPAC I, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company Pubco and the Sponsor SPAC Representative by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of Pubco and the Company SPAC Representative (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge Each of Pubco and the SPAC Representative acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of jointly designated by Pubco and the Escrow Shares, as designated SPAC in a Joint Written Instructionwriting.

Appears in 2 contracts

Sources: Share Escrow Agreement (PS International Group Ltd.), Share Escrow Agreement (AIB Acquisition Corp)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the Escrow Agent only by confirmed facsimile or approvals, consents, requests, and other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharescommunications, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)mail at its e-mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized to will seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 14 above and, if applicable, this Section 15. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or the Placement Agent’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentPresident or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company to deliver the identify (i) a beneficiary, (ii) a beneficiary's bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary's bank or an intermediary bank designated.

Appears in 2 contracts

Sources: Subscription Escrow Agreement (Z Trim Holdings, Inc), Subscription Escrow Agreement (Z Trim Holdings, Inc)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10a Written Direction, any instructions setting forth, claiming, containing, objecting toVoting Direction, or in any way related to the transfer or distribution of the Escrow Sharesotherwise), including any Joint Written Instruction permitted pursuant to Section 4 of this Agreementapprovals, may be given to the consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C heretoSchedule A, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 13 above and, if applicable, this Section 14. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company applicable Party’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentOfficer or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. Executive Officer(s). The parties to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent in any funds transfer may reasonably rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to identify (a) a beneficiary, (b) a beneficiary’s bank, or (c) an intermediary bank. The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient may apply any of the Escrow SharesAssets for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 2 contracts

Sources: Closing Escrow Agreement (Blackstone Holdings III L.P.), Closing Escrow Agreement (Blackstone Holdings III L.P.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company Purchaser and the Sponsor Stockholder Representative by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by [officers of the Company Purchaser (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. .] Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient receipt of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 2 contracts

Sources: Share Escrow Agreement (NB Merger Corp.), Earnout Share Escrow Agreement (NB Merger Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to, the transfer or distribution of funds, including, but not limited to, any such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4, must be given to the Escrow Agent by confirmed facsimile, and no instruction for, or related to, the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall will be deemed delivered and effective unless the Escrow Agent actually shall have has received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 10, and as further evidenced by a confirmed transmittal to that number. (b) number received by the sender. In the event that funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to must seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule C, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit in Schedule C, the Escrow Agent is hereby authorized both to receive written instructions from from, and to seek confirmation of such instructions by officers telephone call-back to, any one or more of the Company Buyer’s or the Sellers’ Representative’s, as applicable, executive officers, (collectively, the “Senior Executive Officers”), as the case may bewhich will include any officer with a title of President, which shall include the titles of Chief Executive OfficerManaging Director, Vice President, General Counsel, Chief Financial OfficerSecretary, President of Executive Vice President, as the Escrow Agent may selector Treasurer. Such Senior Executive Officer shall will deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. Executive Officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Buyer or the Sellers’ Representative, as applicable, to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient may apply any of the Escrow SharesFund for any payment order it executes using any such identifying number, as designated even when its use may result in a Joint Written Instructionperson other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. Each of the parties to this Agreement acknowledges that the security procedures set forth in this Section 11 are commercially reasonable.

Appears in 2 contracts

Sources: Escrow Agreement (Angiodynamics Inc), Escrow Agreement (Avista Capital Partners GP, LLC)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Indemnified Party Representative (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 2 contracts

Sources: Merger Agreement (Abri SPAC I, Inc.), Indemnification Escrow Agreement (Abri SPAC I, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company Purchaser and the Sponsor Stockholder Representative by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Purchaser (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient receipt of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 2 contracts

Sources: Earnout Share Escrow Agreement (Nuvve Holding Corp.), Share Escrow Agreement (Nuvve Holding Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) email attachment and no instruction for or related to the transfer or distribution of the Escrow Sharesapplicable Fund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) email at the number or e-mail email address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)email, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Stockholders’ Representative’s or Parent’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Stockholders’ Representative or Parent to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. (c) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Creative Realities, Inc.), Merger Agreement (Creative Realities, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10IX hereof, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this AgreementIII hereof, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Escrow Parties by the Escrow Agent in accordance with Section 10 IX hereof and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule 1 hereof, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1 hereof, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Escrow Parties (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may selectbe designated in Schedule 1 hereof. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge Escrow Parties acknowledges that the Escrow Agent is authorized to deliver the Escrow Escrowed Shares to the custodian account of a or recipient of designated by any recipient in writing, provided that such delivery shall be endorsed in writing by ▇▇▇▇. (d) The Parties understand that the Escrow Shares, as designated Agent’s inability to receive or confirm funds transfer instructions may result in a Joint Written Instructiondelay in accomplishing such funds transfer, and agree that the Escrow Agent shall not be liable for any loss caused by any such delay. (e) The Parties certify that the names, titles, telephone numbers, email addresses and specimen signatures set forth in Schedule 1 are persons authorized to provide direction and initiate or confirm transactions.

Appears in 2 contracts

Sources: Agreement, Plan of Conversion and Plan of Merger (Mesa Air Group Inc), Escrow Agreement (Mesa Air Group Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 2 contracts

Sources: Earnout Escrow Agreement (SRIVARU Holding LTD), Earnout Escrow Agreement (SRIVARU Holding LTD)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any reach the Holder Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of Sponsor’s or PubCo’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Officer and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Holder Representative. (c) Notwithstanding anything to the contrary herein, the Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 2 contracts

Sources: Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1011, any joint instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction permitted required pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction Instruction for or related to the transfer or distribution of the Escrow Escrowed Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction Instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company ▇▇▇▇▇ ▇▇▇▇▇▇, Spinco and the Sponsor Voyager Stockholders’ Representative by the Escrow Agent in accordance with Section 10 11 and as further evidenced by a confirmed transmittal to that number. (ba) In the event joint transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to each of the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any each of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of each of ▇▇▇▇▇ ▇▇▇▇▇▇ and Spinco and by an authorized representative of the Company Voyager Stockholders’ Representative (collectively, the “Senior OfficersDesignated Persons”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer Designated Person shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate of its authority to confirm such instructions, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Escrowed Shares to the custodian account of a or recipient of jointly designated by ▇▇▇▇▇ ▇▇▇▇▇▇, Spinco and the Escrow Shares, as designated Voyager Stockholders’ Representative in a Joint Written Instructionwriting.

Appears in 2 contracts

Sources: Escrow Agreement (Covetrus, Inc.), Escrow Agreement (HS Spinco, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may must be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including by an e-mailmail which includes an attached PDF containing a “wet” signature on the applicable instruction notice (a “Qualified E-Mail”) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including eQualified E-mail) Mail at the number or e-mail address provided to the Company and the Sponsor Parent or LPHL by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including eQualified E-mail)Mail, the Escrow Agent is authorized to shall seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent or LPHL (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 2 contracts

Sources: Escrow Agreement (China Cardiovascular Focus LTD), Escrow Agreement (LPH Investments LTD)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to approvals, consents, requests, and other communications, are received by the Bank or Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to at its e-mail account(s) as designated on Schedule A hereto, the Company Bank and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)authorized, the Escrow Agent is authorized but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Bank and Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Bank and Escrow AgentAgent and delivered in accordance with Section 14 above and, if applicable, this Section 15. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or the Placement Agent’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice Presidentor more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Bank and Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Bank and Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 2 contracts

Sources: Subscription Escrow Agreement, Subscription Escrow Agreement (Ampio Pharmaceuticals, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earnout Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Earnout Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earnout Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Earnout Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earnout Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earnout Escrow Agent. If the Earnout Escrow Agent is unable to contact any reach the Management Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earnout Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of PubCo’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Legal Officer and Chief Financial Officer, President of Executive Vice President, as the Earnout Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earnout Escrow Agent a fully executed incumbency certificate, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Management Representative. (c) Notwithstanding anything to the contrary herein, the Earnout Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 2 contracts

Sources: Business Combination Agreement (StoneBridge Acquisition Corp.), Earnout Escrow Agreement (StoneBridge Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including any but not limited to the Joint Written Instruction permitted pursuant to Instructions described in Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) email and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by email or by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)email, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Parties’ respective executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 2 contracts

Sources: Escrow Agreement (Vericity, Inc.), Escrow Agreement (Federal Life Group, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a joint written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by for the Escrow Agent set forth in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Purchaser and Members’ Representative (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Share Escrow Agreement (BurgerFi International, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Purchaser’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Seller acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of designated by the Seller in writing. Purchaser acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Asset to the address provided for notice to Purchaser or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Merger Agreement (Boston Beer Co Inc)

Security Procedures. (a) Notwithstanding anything Parent and the Shareholder Representative shall each deliver to Escrow Agent a fully executed incumbency certificate naming the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related officers who have the authority to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of execute and amend this Agreement, may be given . Exhibit L names the authorized representatives who are authorized to provide disbursement instructions with respect to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) Funds, and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received may rely upon the confirmation of anyone purporting to be any such instruction by facsimile officer or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) authorized representative. In the event funds transfer instructions are so received given, whether in writing or by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to one or more of the person or persons designated on Exhibit C heretoin Schedule 10.11 who is different from the person who gave the transfer instruction, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cidentified, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Parent’s or the Shareholder Representative’s (as applicable) authorized officers of the Company (collectively, the “Senior Officers”), as the case may be, prescribed on Purchaser’s banking resolutions which shall include the titles of Chief Executive Officertreasurer or assistant treasurer for Parent. Escrow Agent and the beneficiary’s bank in any funds transfer to Parent may rely solely upon any account numbers or similar identifying numbers provided by Parent to identify (i) the beneficiary, General Counsel(ii) the beneficiary’s bank, Chief Financial Officeror (iii) an intermediary bank. Escrow Agent may apply any of the Escrow Fund for any payment order it executes using any such identifying number in a manner consistent with the written instructions from (i) Parent, President of Executive Vice Presidentto the extent that it relates to payments to Parent and/or (ii) the Shareholder Representative, as to the extent that it relates to payments to the Shareholder Representative or the Indemnifying Parties. Parent and the Shareholder Representative each acknowledge that the security procedures set forth in this Section are commercially reasonable. (b) Unless the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificateis otherwise instructed in writing by Parent, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge Parent acknowledges that the Escrow Agent is authorized to deliver use the Escrow Shares funds transfer instructions to the custodian account of disburse any funds due to Parent under this Agreement without a recipient of the Escrow Shares, verifying call-back as designated in a Joint Written Instruction.set forth on Exhibit L.

Appears in 1 contract

Sources: Merger Agreement (Solarcity Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 5 of this Agreement, may be given to the Escrow Agent only by mail, confirmed facsimile or other electronic transmission (including e-mail) email and no instruction for or related to the transfer or distribution of the Escrow SharesFunds, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction in writing by mail, facsimile or other electronic transmission (including e-mail) email at the address, number or e-mail address email, respectively, provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number9. (b) In the event funds transfer instructions are so received by given (other than in writing at the Escrow Agent time of the execution of this Agreement), whether in writing, by facsimile or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons individual(s) designated on Exhibit C heretothe Incumbency Certificates which have been provided by each of the Representative and Parent to the Escrow Agent (the “Incumbency Certificates”), and the Escrow Agent may rely upon the confirmation confirmations of anyone purporting to be the person or persons individual(s) so designated. Each funds transfer instruction shall be executed by an authorized signatory, a list of such signatories is set forth on Incumbency Certificates. The persons individuals and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If Each of the Representative and Parent agree to promptly provide the Escrow Agent is unable to contact with a replacement Incumbency Certificate and any of the authorized representatives identified on Exhibit C, necessary due diligence documentation requested by the Escrow Agent naming a replacement authorized signatory or replacement authorized individual for call-backs, as applicable, if at any time any authorized signatory or authorized individual for call-backs contained in its Incumbency Certificate is hereby no longer authorized both to receive written instructions from and seek confirmation on behalf of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may selectParty. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto to this Agreement acknowledge that such security procedure is commercially reasonable. It is understood that the Escrow Agent is authorized and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by any party hereto to deliver identify (i) the beneficiary, (ii) the beneficiary’s bank or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even when its use may result in a Joint Written Instructionperson other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Merger Agreement (SB/RH Holdings, LLC)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Earnout Shares or any cash dividends held in the Escrow SharesAccount, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in Instructions permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) mail and no instruction for or related to the transfer or distribution of the Earnout Shares and any cash dividends held in the Escrow SharesAccount, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) mail at the number or e-mail address provided to the Company and the Sponsor Parent by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbere-mail address. (b) In the event transfer instructions Instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions Instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives Authorized Signatories identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions the Instructions from and seek confirmation of such instructions Instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice PresidentPresident of Parent (collectively, the “Senior Officers”) as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerSenior Officer. (c) The parties hereto acknowledge that Parent acknowledges that, upon receipt of a Delivery Instruction, the Escrow Agent is authorized to deliver the Earnout Shares and any cash dividends held in the Escrow Shares Account to be released to an Company Earnout Holder to the custodian account of a recipient of the Escrow Shares, as designated by such Company Earnout Holder in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Earnout Escrow Agreement (Airship AI Holdings, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) . In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge . Parent acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a or recipient of the Escrow Shares, as designated by Parent or Stockholder Representative in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Escrow Agreement (Collective Audience, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) (with a copy to the other Parties) and no instruction for or related to the transfer or distribution of the Escrow SharesAssets, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to: (i) In the case of the Company (collectivelyGreenbrook or Purchaser, the “Senior following of Greenbrook's executive officers ("Executive Officers”), as the case may be, which shall include the titles of "): Chief Executive Officer, General Counsel, Officer and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer Executive Officers shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer.; and (ii) In the case of Sellers' Representative, any person who has succeeded ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ as the Sellers' Representative pursuant to the Underlying Agreement, who shall provide such evidence to substantiate such succession as the Escrow Agent may reasonably require; and (c) The parties hereto Sellers' Representative acknowledges that the Escrow Agent is authorized to deliver the Escrow Assets to the custodian account or recipient designated by the Sellers' Representative in writing. (d) Greenbrook and Purchaser acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares Assets to the custodian account address provided for notice to Greenbrook, to Greenbrok's transfer agent (in the case of a recipient of the Escrow Greenbrook Shares, as designated ) or any address provided in a Joint Written InstructionClaim Notice.

Appears in 1 contract

Sources: Escrow Agreement (Klein Benjamin)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Purchaser’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto Stockholder Representatives acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of designated by the Stockholder Representatives in writing. Purchaser acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Asset to the address provided for notice to Purchaser or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Escrow Agreement (Real Goods Solar, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received given, whether in writing, by the Escrow Agent by facsimile telecopier or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized authorized, but under no circumstance is required, to seek confirmation of such instructions by telephone call-back to the person Person or persons Persons designated on Exhibit C Annex I hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person Person or persons Persons so designated. The persons Persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Annex I for Party A, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company its executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, President or Chief Financial Officer, President of Executive Vice President, Officer as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary’s bank in any transfer may rely solely upon any account numbers or similar identifying numbers provided by Party A or Party B to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent may apply any of the escrowed property for any disbursement order it executes using any such identifying number, even when its use may result in a Person other than the beneficiary being delivered property, or the transfer to a bank other than the beneficiary’s bank or an intermediary bank designated. The parties hereto to this Escrow Agreement acknowledge that these security procedures are commercially reasonable. Party A and Party B agree that repetitive or standing settlement instructions will be effective as the transfer instructions of Party A and Party B, whether or not authorized, if such settlement instructions are verified pursuant to the security procedure provided herein or such other security procedure that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow SharesAgent, as designated in a Joint Written InstructionParty A and Party B may agree to.

Appears in 1 contract

Sources: Membership Interest and Asset Purchase Agreement (Mack Cali Realty L P)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Tuatara by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectivelyTuatara(collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, Secretary, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Tuatara acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated by Tuatara in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Share Escrow Agreement (SpringBig Holdings, Inc.)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the approvals, consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 14 above and, if applicable, this Section 15. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Indemnitor’s or Indemnitee’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, Vice President of Executive Vice Presidentor more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Share and Asset Purchase Agreement (BioTelemetry, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Company acknowledges that the Escrow Agent is authorized to either (i) deliver the Escrow Shares to the custodian account of a recipient of designated by the Company in writing, or (ii) return the Escrow Shares, as designated Shares to the Company for cancellation in a Joint Written Instructionaccordance with written instructions provided by the Company pursuant to Section 3.

Appears in 1 contract

Sources: Bonus Shares Escrow Agreement (GCL Global Holdings LTD)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a joint written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company Buyer and the Sponsor Seller by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Buyer and/or Seller (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instructionby Buyer and Seller pursuant to joint written instructions.

Appears in 1 contract

Sources: Share Escrow Agreement (BurgerFi International, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Buyer’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Each Seller acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of designated by Sellers’ Representative in writing. Buyer acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Asset to the address provided for notice to Buyer or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Stock Purchase Agreement (Iteris, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1011, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Earnout Shares or Earnout Units or any cash dividends held in the Escrow SharesAccount, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in Instructions permitted pursuant to Section 4 5 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) mail and no instruction for or related to the transfer or distribution of the Earnout Shares and the Earnout Units and any cash dividends held in the Escrow SharesAccount, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) mail at the number or e-mail address provided to the Company Issuer and the Sponsor Falcon’s by the Escrow Agent in accordance with Section 10 11 and as further evidenced by a confirmed transmittal to that numbere-mail address. (b) In the event transfer instructions Instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions Instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives Authorized Signatories identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions the Instructions from and seek confirmation of such instructions Instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice PresidentPresident of the Issuer and Falcon’s (collectively, the “Senior Officers”) as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerSenior Officer. (c) The parties hereto Issuer, Falcon’s and the Earnout Participants acknowledge that that, upon receipt of a Delivery Instruction, the Escrow Agent is authorized to deliver the Earnout Shares and the Earnout Units and any cash dividends held in the Escrow Shares Account to be released to an Earnout Participant to the custodian account of a recipient of the Escrow Shares, as designated by such Earnout Participant in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Earnout Escrow Agreement (Falcon's Beyond Global, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earnout Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Earnout Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earnout Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Earnout Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earnout Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earnout Escrow Agent. If the Earnout Escrow Agent is unable to contact any reach the Stockholder Representative or Parent after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earnout Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of Stockholder Representative’s or Parent’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice Presidentapplicable, as the Earnout Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earnout Escrow Agent a fully executed incumbency certificate, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Stockholder Representative or Parent, as applicable. (c) Notwithstanding anything to the contrary herein, the Earnout Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Big Cypress Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1011, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Escrowed Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 11 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Buyer’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Sellers acknowledges that the Escrow Agent is authorized to deliver the Escrow Escrowed Shares to the custodian account of a or recipient of designated by the Sellers in writing. Buyer acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrowed Shares to the address provided for notice to Buyer or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Escrow Agreement (Smith Micro Software Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to Parent and the Company and the Sponsor Representatives by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number.. ​ (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may reasonably rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient receipt of the Escrow Shares, as designated in a Joint Written Instruction.. ​

Appears in 1 contract

Sources: Stock Escrow Agreement (Digital Health Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any transfer instructions that may otherwise be set forth in a Joint Written Instruction Direction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesConsideration, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by for the Escrow Agent set forth in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit CSchedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Guarantors (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares Consideration to the custodian account of a recipient of designated by the Escrow Shares, as designated Guarantors in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Escrow Agreement (Ruiz John Hasan)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement4, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Seller or Buyer’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Seller or Buyer to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may apply any of the Fund for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. (cb) The parties hereto acknowledge Seller acknowledges that the Escrow Agent is authorized to deliver use the following funds transfer instructions to disburse any funds due to Seller under this Agreement without a verifying call-back as set forth in Section 11(a) above: Seller’s Bank account information: Buyer acknowledges that the Escrow Shares Agent is authorized to use the custodian following funds transfer instructions to disburse any funds due to Buyer under this Agreement without a verifying call-back as set forth in Section 11(a) above: Buyer’s Bank account of a recipient of information: (c) The Parties acknowledge that the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Membership Purchase Agreement (Agfeed Industries, Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including any but not limited to the Joint Written Instruction permitted pursuant to Instructions described in Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) email and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number (or e-mail address email at the email address) provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)email, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Parties’ respective executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Escrow Agreement (Forge Group, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 2 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Founders acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of designated by the Escrow Shares, as designated Founders in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Founder Pledge Agreement (HNR Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received given, whether in writing or by the Escrow Agent by facsimile or other electronic transmission (including e-mail)telecopier, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit schedule C heretohereto (“Schedule C”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. Each funds transfer instruction shall be executed by an authorized signatory, a list of such authorized signatories is set forth on Schedule C. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit in Schedule C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of, in case of the Company Buyer, executive officers (collectively, the Senior Executive Officers”), as the case may be, ) which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Parties to identify (ci) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or a bank designated as an intermediary bank. The parties hereto to this Escrow Agreement acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instructionthese security procedures are commercially reasonable.

Appears in 1 contract

Sources: Voting Agreement (VNG Acquisition Inc.)

Security Procedures. 10.1 In the event funds transfer instructions are given (a) Notwithstanding anything to other than in writing at the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution time of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 execution of this Escrow Agreement), may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shareswhether in writing, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoschedule 1 hereto (“Schedule 1”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Designated Monitor’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President______________________, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Designated Monitor to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The parties hereto Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The Parties acknowledge that these security procedures are commercially reasonable. 10.2 The Designated Monitor acknowledges that repetitive funds transfer instructions may be given to the Escrow Agent is authorized to deliver for one or more beneficiaries where only the Escrow Shares to the custodian account of a recipient date of the requested transfer, the amount of funds to be transferred, and/or the description of the payment shall change within the repetitive instructions (“Standing Settlement Instructions”). Accordingly, the Designated Monitor shall deliver to Escrow SharesAgent such specific Standing Settlement Instructions only for each respective beneficiary as set forth in Exhibit A to this Escrow Agreement, by facsimile or other written instruction. Escrow Agent may rely solely upon such Standing Settlement Instructions and all identifying information set forth therein for each beneficiary. Escrow Agent and Designated Monitor agree that such Standing Settlement Instructions shall be effective as designated in the funds transfer instructions of Designated Monitor, without requiring a Joint Written Instructionverifying callback, whether or not authorized, if such Standing Settlement Instructions are consistent with previously authenticated Standing Settlement Instructions for that beneficiary. The Designated Monitor acknowledges that such Standing Settlement Instructions are a security procedure and are commercially reasonable.

Appears in 1 contract

Sources: Acquisition Agreement (EverBank Financial Corp)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10a Written Direction, any instructions setting forth, claiming, containing, objecting toVoting Direction, or in any way related to the transfer or distribution of the Escrow Sharesotherwise), including any Joint Written Instruction permitted pursuant to Section 4 of this Agreementapprovals, may be given to the consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A or Schedule B, the as applicable, Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C heretoSchedule A or Schedule B, as applicable, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A or Schedule B, as applicable, may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 13 above and, if applicable, this Section 14. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company applicable Party’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentOfficer or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. Executive Officer(s). The parties to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent in any funds transfer may reasonably rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to identify (a) a beneficiary, (b) a beneficiary's bank, or (c) an intermediary bank. The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient may apply any of the Escrow SharesAssets for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary's bank or an intermediary bank designated.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Callon Petroleum Co)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Escrowed Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and Issuer or the Sponsor Purchasers by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) . In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated in Section 9 or on Exhibit C Schedule A hereto, as applicable, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified in Section 9 or on Exhibit CSchedule A hereto, as applicable, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Issuer's or Buyer's, as applicable, executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Escrow Agreement (Real Goods Solar, Inc.)

Security Procedures. (a) Notwithstanding anything With respect to the contrary as set forth in Section 10, any all funds transfer instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted that are given pursuant to Section 4 this Agreement (other than in writing at the time of execution of this 11 Deposit Agreement (Class B) (American Airlines 2017-2 Aircraft EETC) Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), whether in writing, by electronic mail with a scanned attachment thereto or otherwise, the Escrow Agent Depositary is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule II hereto (“Schedule II”), and the Escrow Agent Depositary may rely upon the confirmation of anyone purporting to be the person or persons so designated. Each funds transfer instruction shall be executed by an authorized signatory, a list of such authorized signatories is set forth on the Escrow Agent’s Incumbency Certificate. The persons listed on such Incumbency Certificate have been duly appointed to act as authorized signatories of the Escrow Agent hereunder and telephone numbers for call-backs may individually have full power and authority to execute and deliver any notices or instructions, to amend, modify or waive any provisions of this Agreement, and to take any and all other actions permitted under this Agreement (the “Authorized Persons”). Any change in designation of Authorized Persons shall be changed only in a writing provided by written notice, signed by an Authorized Person, and actually received and acknowledged by the Escrow AgentDepositary. If Any communication from the Depositary that the Depositary deems to contain confidential, proprietary, and/or sensitive information shall be encrypted in accordance with the Depositary’s internal procedures. The Depositary and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Escrow Agent is unable to contact identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Depositary may apply any of the authorized representatives identified on Exhibit Cfunds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation acknowledges that these security procedures are commercially reasonable. [Remainder of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.Page Intentionally Blank; Signature Pages Follow]

Appears in 1 contract

Sources: Deposit Agreement (American Airlines Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that numbernumber or email address. Any notice sent to Escrow Agent by Purchaser, on one hand, or Sellers’ Representative, on the other hand, shall be sent simultaneously to the other party. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is required and authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 3 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the Purchaser’s authorized representatives identified on Exhibit Cin Schedule 3, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Purchaser (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentChief Operating Officer, and Chief Administrative Officer, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Plan of Merger and Equity Purchase Agreement (RumbleON, Inc.)

Security Procedures. (a) Notwithstanding anything to the any contrary as set forth in Section 1011, any instructions setting forth, claiming, claiming containing, objecting to, to or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 6 of this Agreement, may be maybe given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAmounts, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company Purchaser and the Sponsor Representative by the Escrow Agent in accordance with Section 10 11 and as further evidenced by a confirmed transmittal to that number. (b) In the event Escrow Accounts funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person Person or persons Persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person Person or persons Persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If In the event that the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2 hereto, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Purchaser’s or the Representative’s (as applicable) executive officers of the Company (collectively, the Senior Authorized Officers”), as the case may be, which shall include the titles of, in the case of Chief Executive OfficerPurchaser, General CounselTreasurer and Vice President and Senior Legal Counsel and, Chief Financial Officerin the case of the Representative, President, Vice President of Executive Vice Presidentand Secretary, as the Escrow Agent may select. Such Senior Authorized Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerAuthorized Officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Purchaser or the Representative to identify (i) the beneficiary, (ii) the beneficiary’s bank or (iii) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a Person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. (c) The parties hereto acknowledge Purchaser acknowledges that the Escrow Agent is authorized to deliver use the following funds transfer instructions to disburse any funds due to Purchaser under this Agreement without a verifying call-back as set forth in Section 12(b) above: Bank Name: Bank of America Bank Address: ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇ ABA Number: ▇▇▇▇▇▇▇▇▇ Account Name: Genpact International Inc. Account Number: ▇▇▇-▇▇▇-▇▇▇▇ Swift Code: ▇▇▇▇▇▇▇▇ Currency: USD (d) The Representative acknowledges that the Escrow Shares Agent is authorized to use the following funds transfer instructions to disburse any funds due to the custodian account of Representative under this Agreement without a recipient of the Escrow Shares, verifying call-back as designated set forth in a Joint Written InstructionSection 12(b) above: Bank Name: ABA Number: Account Name: Account Number: (e) The parties to this Agreement acknowledge that these security procedures are commercially reasonable. All funds transfer instructions shall be executed by an authorized signatory as set forth on Schedule 2 hereto.

Appears in 1 contract

Sources: Merger Agreement (Genpact LTD)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 108, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including including, but not limited to, any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) (with a copy to the other Party) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) . In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is hereby authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company relevant Party’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chairman, Chief Executive Officer, General CounselExecutive Vice President, Chief Financial Officer, President of Executive Vice Presidentor Principal Accounting Officer, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge . Seller acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Fund to the custodian account of a or recipient of designated by Seller in writing. Buyer acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Fund to the address provided for notice to Buyer or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Asset Purchase Agreement (DraftDay Fantasy Sports, Inc.)

Security Procedures. (a) Notwithstanding anything If notices, instructions (pursuant to the contrary as set forth in Section 10a Joint Written Direction or otherwise), any instructions setting forthapprovals, claimingconsents, containing, objecting torequests, or other communications in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Funds are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharesas set forth in Section 14, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the person sending Authorized Representative or persons designated on Exhibit C heretoAuthorized Representatives’ telephone number(s) as set forth in Schedule B, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designatedthat Authorized Representative. The persons designated as Authorized Representatives in Schedule B hereto and their telephone numbers for call-backs may be changed only in a writing executed by Authorized Representatives or other duly authorized officer of the applicable Party and actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 14 above and, if applicable, this Section 15. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch Authorized Representative, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Seller’s or Buyer’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, General Counsel and Vice President of Executive Vice Presidentor more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerExecutive Officer(s). The Parties acknowledge and agree that the security procedures set forth above are commercially reasonable. (cb) The parties hereto acknowledge that the Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by a Party or the Parties and confirmed by an Authorized Representative to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order Escrow Agent executes using any such identifying number, as designated even where Escrow Agent’s use may result in a Joint Written InstructionPerson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary's bank or an intermediary bank designated.

Appears in 1 contract

Sources: Interest Purchase Agreement (Global Eagle Entertainment Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Seller’s or Purchaser’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, General CounselVice President, Treasurer or Chief Financial Officer or Chief Legal Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) . The parties hereto acknowledge that the Escrow Agent is authorized and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Seller or Purchaser to deliver identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFund for any payment order it executes using any such identifying number, as designated even when its use may result in a Joint Written Instructionperson other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Asset Purchase Agreement (Cardo Medical, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, Fund (or any portion thereof) or the Escrow Note, as applicable, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Seller’s or Buyer’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General CounselPresident, Chief Financial Officerany Vice-President, President of Executive Vice PresidentTreasurer or Secretary, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) . The parties hereto acknowledge that the Escrow Agent is authorized and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Seller or Buyer to deliver identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFund for any payment order it executes using any such identifying number, as designated even when its use may result in a Joint Written Instructionperson other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Agreement (Walter Investment Management Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAssets, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Remark’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Stockholder Representatives acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares Assets to the custodian account of a or recipient of designated by the Stockholder Representatives in writing. (d) Remark acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Assets to the address provided for notice to Remark or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Merger Agreement (Remark Media, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a joint written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAssets, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that numbernumber or email address. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Purchaser's executive officers, (collectively, the “Senior "Executive Officers"), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Seller Representative acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Assets to the custodian account of a or recipient of designated by Seller Representative in writing. Purchaser acknowledges that the Escrow Shares, as Agent is authorized to deliver the Escrow Assets to the account or recipient designated by Purchaser in writing or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Share Purchase Agreement (EnerSys)

Security Procedures. If notices, instructions (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this AgreementWritten Direction or otherwise), may be given to the approvals, consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 12 above and, if applicable, this Section 13. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of the executive officers of the Company Buyer and Seller (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentOfficer or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesAssets for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Stock Escrow Agreement (Legacy Education Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1017, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 5 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesEscrowed Funds, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 17 and as further evidenced by a confirmed transmittal to that number. (b) . In the event funds transfer instructions are so received given, whether in writing or by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule II hereto (“Schedule II”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. Each funds transfer instruction shall be executed by an authorized signatory, a list of such authorized signatories is set forth on Schedule II. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit CSchedule II, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company or the Stockholder Representative’s executive officers (collectively, the “Senior Executive Officers”), as which shall include, in the case may beof Stockholder Representative, which shall include those persons with the titles of General Counsel or Chief Executive OfficerFinancial Officer and, in the case of the Company, those persons with the titles of General Counsel, Counsel or Chief Financial Officer, President of Executive Vice Presidentin each case, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company or the Stockholder Representative to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent may apply any of the Escrowed Funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The Company and the Stockholder Representative acknowledge that these security procedures are commercially reasonable. (cb) The parties hereto Company acknowledges that the Escrow Agent is authorized to use the following funds transfer instructions to disburse any funds due to the Company under this Agreement without a verifying call-back as set forth in Section 24(a) above: The Company’s Bank account information: Bank name: Bank Address: ABA number: Account name: Account number: Stockholder Representative acknowledges that the Escrow Agent is authorized to use the following funds transfer instructions to disburse any funds due to the Stockholder Representative under this Agreement without a verifying call-back as set forth in Section 24(a) above: The Stockholder Representative’s Bank account information: Bank name: Bank Address: ABA number: Account name: Account number: The Parties acknowledge that the Escrow Agent is authorized to deliver use the following funds transfer instructions to disburse any funds due to the Paying Agent under this Agreement without a verifying call-back as set forth in Section 24(a) above: The Paying Agent’s Bank account information: Bank name: Bank Address: ABA number: Account name: Account number: (c) In addition to the Paying Agent’s and their respective funds transfer instructions as set forth in Section 24(b) above, the Company or the Stockholder Representative acknowledges that repetitive funds transfer instructions may be given to the Escrow Shares to Agent for one or more beneficiaries where only the custodian account of a recipient date of the requested transfer, the amount of funds to be transferred, and/or the description of the payment shall change within the repetitive instructions (“Standing Settlement Instructions”). Accordingly, the Company or the Stockholder Representative shall deliver to Escrow SharesAgent such specific Standing Settlement Instructions only for each respective beneficiary as set forth in Schedule II, by facsimile in accordance with Section 24. The Escrow Agent may rely solely upon such Standing Settlement Instructions and all identifying information set forth therein for each beneficiary. The Escrow Agent and the Company or the Stockholder Representative agree that such Standing Settlement Instructions shall be effective as designated the funds transfer instructions of the Company or the Stockholder Representative, without requiring a verifying callback, whether or not authorized, if such Standing Settlement Instructions are consistent with previously authenticated Standing Settlement Instructions for that beneficiary. (d) The Parties acknowledge that the security procedures set forth in a Joint Written Instructionthis Section 24 are commercially reasonable.

Appears in 1 contract

Sources: Merger Agreement (Polymer Group Inc)

Security Procedures. If notices, instructions (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this AgreementWritten Direction or otherwise), may be given to the approvals, consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C S chedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in S chedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 12 above and, if applicable, this Section 13. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Issuer’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentOfficer or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesAssets for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Agreement (Safe & Green Holdings Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Seller’s or Purchaser’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General CounselPresident, Chief Financial Officerany Vice-President, President of Executive Vice PresidentTreasurer or Secretary, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) . The parties hereto acknowledge that the Escrow Agent is authorized and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Seller or Purchaser to deliver identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFund for any payment order it executes using any such identifying number, as designated even when its use may result in a Joint Written Instructionperson other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Walter Investment Management Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including any but not limited to the Joint Written Instruction permitted pursuant to Instructions described in Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) email and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by email or by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)email, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back call‑back to the person or persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs call‑backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call‑back to any one or more of the Company Parties’ respective executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Escrow Agreement (Positive Physicians Holdings,inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any Any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow SharesPayment Account, including any Joint Written Instruction permitted pursuant to must be in writing or set forth in PDF, executed by the appropriate Party or Parties as evidenced by the signatures of the person or persons signing this Agreement or one of their designated persons as set forth in Schedule 1 (each an “Authorized Representative”). Except as provided in Section 4 of this Agreement6 above, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction from a Party for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, Merger Consideration shall be deemed delivered and effective unless the Escrow it shall be in writing executed by an Authorized Representative, and Agent actually shall have received such instruction it on a Business Day by facsimile or other electronic transmission (including e-mail) as a PDF attached to an email only at the fax number or e-mail email address provided to set forth in Section 19 (or for the Company and the Sponsor by the Escrow Agent Holders List, as set forth in accordance with Section 10 4), and as further evidenced by a confirmed transmittal to that numbera Party’s transmitting fax number or email address, and Agent has been able to satisfy any applicable security procedures as may be required hereunder. Agent shall not be liable to the Parties, any Company Holder, or other person for refraining from acting upon any instruction from a Party for or related to the transfer or distribution of the Merger Consideration if delivered to any other fax number or email address, including, but not limited to, a valid email address of any employee of Agent. (b) In the event funds transfer instructions are so received by set forth in a permitted instruction from a Party or the Escrow Agent by facsimile or other electronic transmission (including e-mail)Parties, the Escrow Agent is authorized to seek confirmation of such funds transfer instructions by a single telephone call-back to one of the person or persons designated on Exhibit C heretoAuthorized Representatives, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designatedthat Authorized Representative. The persons and telephone numbers designated for call-backs may be changed only in a writing executed by Authorized Representatives and actually received and acknowledged by the Escrow AgentAgent via facsimile or as a PDF attached to an email. If the Escrow Agent Except as set forth in Section 6 above, no funds will be disbursed until an Authorized Representative is unable able to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of confirm such instructions by officers of the Company (collectivelytelephone call-back. Agent, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, any intermediary bank and the Escrow Agent beneficiary’s bank in any funds transfer may rely upon the confirmation identifying number of anyone purporting the beneficiary’s bank or any intermediary bank included in a funds transfer instruction provided by a Party and confirmed by an Authorized Representative. Further, the beneficiary’s bank in the funds transfer instructions may make payment on the basis of the account number provided in a Party’s instruction and confirmed by an Authorized Representative even though it identifies a person different from the named beneficiary. Acquiror acknowledges that Agent is authorized to be use the following funds transfer instructions to disburse any such officer.funds due to Acquiror under this Agreement without a verifying call-back: Bank Name: Bank Address: ABA number: Account name: Account number: (c) The parties hereto Parties acknowledge that there are certain security, corruption, transmission error and access availability risks associated with using open networks such as the Escrow internet, and the Parties hereby agree that the Agent is authorized to deliver not liable for such risks absent the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written InstructionAgent’s gross negligence or willful misconduct. The Parties acknowledge that these security procedures are commercially reasonable.

Appears in 1 contract

Sources: Merger Agreement (RTI Biologics, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10If notices, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted (pursuant to Section 4 of this Agreementa Depositor Direction or otherwise), may be given to the Escrow Agent only by confirmed facsimile or approvals, consents, requests, and other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharescommunications, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)mail at its e-mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 14 above and, if applicable, this Section 15. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Depositor’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General CounselPresident, Chief Financial Officer, President of Executive Vice PresidentChief Legal Officer or Secretary or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerExecutive Officer(s). The Parties hereby acknowledge and agree that the security procedures set forth above are commercially reasonable. (cb) The parties hereto acknowledge that the Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Parties to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may apply any of Escrow Shares to the custodian account of a recipient of the Escrow Sharesfor any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Services Agreement (First Light Acquisition Group, Inc.)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the Escrow Agent only by confirmed facsimile or approvals, consents, requests, and other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharescommunications, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)mail at its e-mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 15 above and, if applicable, this Section 16. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or the Underwriter’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, Vice President of Executive Vice Presidentor more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto Parties to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Master Escrow Agreement (Fantex, Inc.)

Security Procedures. In the event funds transfer instructions are given (a) Notwithstanding anything to other than in writing at the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution time of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 execution of this Escrow Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharesas indicated in Exhibit F attached hereto), or any portion thereofwhether in writing, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoset forth in Section 9, and the Escrow Agent may rely upon the confirmation of anyone any person or persons purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing notice actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Section 9, then, in the case of Buyer, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company executive officers (collectively, the Senior Executive Officers”), as the case may be) of Buyer, which shall include the titles title of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone any person purporting to be any such officer. Executive Officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Buyer or the Transaction Representative to identify: (a) the beneficiary, (b) the beneficiary’s bank or (c) any intermediary bank. The Escrow Agent may apply any portion of the Escrow Fund for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instructionthese security procedures are commercially reasonable.

Appears in 1 contract

Sources: Merger Agreement (Thermo Fisher Scientific Inc.)

Security Procedures. (a) Notwithstanding anything If notices, instructions (pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the Escrow Agent only by confirmed facsimile or approvals, consents, requests, and other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharescommunications, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)mail at its e-mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 14 above and, if applicable, this Section 15. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Depositor’s or Recipient’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentGeneral Counsel or more senior thereto, or any person authorized by the Chief Financial Officer or General Counsel, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerExecutive Officer(s). The Parties hereby acknowledge and agree that the security procedures set forth above are commercially reasonable. (cb) The parties hereto acknowledge that the Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Parties to deliver the identify (i) a beneficiary, (ii) a beneficiary's bank, or (iii) an intermediary bank. The Escrow Agent may apply any of Escrow Shares to the custodian account of a recipient of the Escrow Sharesfor any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary's bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Services Agreement (Aecom)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow SharesShares and any Earnings thereon, including but not limited to any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesShares and any Earnings thereon, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and and/or Company Stockholder Representative, as the Sponsor case may be, by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives of the Company identified on Exhibit CSchedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties Each party hereto acknowledge acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares and any Earnings thereon to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Share Escrow Agreement (SRIVARU Holding LTD)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the Escrow Agent only by confirmed facsimile or approvals, consents, requests, and other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharescommunications, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)mail at its e-mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 1 5 hereof and, if applicable, this Section 1 6 . If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or the Dealer Manager’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive OfficerManager of the Company’s general partner (for the Company) or Senior Vice President for the Dealer Manager, General Counsel, Chief Financial Officer, President of Executive Vice Presidentor in each case more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company to deliver the identify (i) a beneficiary, (ii) a beneficiary's bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary's bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Agreement (Energy 11, L.P.)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to approvals, consents, requests, and other communications, are received by the Bank or Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to at its e-mail account(s) as designated on Schedule A hereto, the Company Bank and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)authorized, the Escrow Agent is authorized but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Bank and Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Bank and Escrow AgentAgent and delivered in accordance with Section 15 above and, if applicable, this Section 16. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or the Underwriter’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, Vice President of Executive Vice Presidentor more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto Parties to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Bank and Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Bank and Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Master Escrow Agreement (Fantex, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Escrowed Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Escrowed Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives of DraftKings identified on Exhibit Cin Schedule 1 after a reasonable amount of time, the Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by to any one or more of DraftKings’ executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Legal Officer and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of DraftKings. (c) The parties hereto Escrow Agent shall only deliver or distribute the Escrowed Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Escrow Joint Written Instructions or Release Notice. (d) The Parties acknowledge that the security procedures set forth in this Section 11 are commercially reasonable. (e) For the avoidance of doubt, the procedures in this Section 11 shall not apply to the 104H Trustee and the 104H Earnout Shares. (f) For all purposes and intents of this Agreement, any instruction, agreement, consent, waiver, notice to or notice by any of ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇ or ▇▇▇ ▇▇▇▇▇, shall deemed to be as an instruction, agreement, consent, waiver, notice to or notice by all of the DEAC Founder Group (and all members of the DEAC Founder Group hereby irrevocably and unconditionally agree to be bound by the same), and in case of conflicting instructions, agreement, consent, waiver or notice by two or more of ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or ▇▇▇ ▇▇▇▇▇, the other parties hereto shall be fully protected and shall not incur any liability in relying on the first of which to be delivered to the Escrow Agent is authorized to deliver or the Escrow Shares to 104H Trustee in accordance with the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instructionterms hereof and ignore all others.

Appears in 1 contract

Sources: Earnout Escrow Agreement (DraftKings Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent given, whether in writing, by facsimile or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoschedule 3 hereto (“Schedule 3”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. Each transfer instruction shall be executed by an authorized signatory, a list of such authorized signatories is set forth on Schedule 3. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 3, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company ANPP or New DHC’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Officer or Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by ANPP or New DHC to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The parties hereto Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. ANPP and New DHC acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instructionthese security procedures are commercially reasonable.

Appears in 1 contract

Sources: Escrow Agreement (Discovery Communications, Inc.)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the approvals, consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 15 above and, if applicable, this Section 16. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Depositor’s or Recipient’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General CounselPresident, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesProperty for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Exclusive Supply and Cooperation Agreement (RiceBran Technologies)

Security Procedures. If notices, instructions (a) Notwithstanding anything pursuant to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any a Joint Written Instruction permitted pursuant to Section 4 of this AgreementDirection or otherwise), may be given to the Escrow Agent only by confirmed facsimile or approvals, consents, requests, and other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Sharescommunications, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)mail at its e-mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 15 hereof and, if applicable, this Section 16. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or the Dealer Manager’s executive officers (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive OfficerManager of the Company’s general partner (for the Company) or Senior Vice President for the Dealer Manager, General Counsel, Chief Financial Officer, President of Executive Vice Presidentor in each case more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesFunds for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Agreement (Energy Resources 12, L.P.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earnout Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Earnout Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earnout Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Earnout Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earnout Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earnout Escrow Agent. If the Earnout Escrow Agent is unable to contact any reach the Stockholder Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earnout Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of PubCo’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Legal Officer and Chief Financial Officer, President of Executive Vice President, as the Earnout Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earnout Escrow Agent a fully executed incumbency certificate, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Stockholder Representative. (c) Notwithstanding anything to the contrary herein, the Earnout Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Earnout Escrow Agreement (Skillz Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event funds transfer instructions are so received given (other than in writing at the time of execution of this Escrow Agreement, as indicated in Section 9 above), whether in writing, by the Escrow Agent by facsimile telecopier or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Annex II hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Annex II, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company your executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, President or Chief Financial Officer, President of Executive Vice President, Officer as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary's bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Party A or Party B to identify (a) the beneficiary, (b) the beneficiary's bank, or (c) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary's bank or an intermediary bank designated. The parties hereto to this Escrow Agreement acknowledge that these security procedures are commercially reasonable. Party A and Party B agree that repetitive or standing settlement instructions will be effective as the funds transfer instructions of Party A and Party B, whether or not authorized, if such settlement instructions are verified pursuant to the security procedure provided herein or such other security procedure that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow SharesAgent, as designated in a Joint Written InstructionParty A and Party B may agree to.

Appears in 1 contract

Sources: Escrow Agreement (Perficient Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1012, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of funds, must be in writing or set forth in a PDF attached to an email, executed by the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 appropriate Party or Parties in accordance with the terms of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) by emailed PDF and no instruction for or related to the transfer or distribution of the Escrow SharesFunds, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) by emailed PDF at the number or e-mail address email provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 12 and as further evidenced by a confirmed transmittal to that numbernumber or email address and Escrow Agent has been able to satisfy any applicable security procedures as may be required hereunder. Escrow Agent shall not be liable to any Party or other person for refraining from acting upon any instruction for or related to the transfer or distribution of the Escrow Funds if delivered to any other fax number or email address including but not limited to a valid email address of any employee of Escrow Agent. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission emailed PDF, which has been executed by the appropriate Party or Parties as evidenced by the signature of the person or persons executing this Agreement or one of their designated persons set forth in Schedule B (including e-maileach an “Authorized Representative”), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C such Schedule B hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designatedan Authorized Representative. The A Party may change its respective persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact Agent, any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, intermediary bank and the Escrow Agent beneficiary’s bank in any funds transfer may rely upon the confirmation identifying number of anyone purporting the beneficiary’s bank or any intermediary bank included in the funds transfer instruction provided by the relevant Party or Parties and confirmed by an Authorized Representative. Further, the beneficiary’s designated bank in the funds transfer instructions may make payment on the basis of the account number provided in such Party’s or the Parties’ instruction and confirmed by an Authorized Representative, even though it identifies a person different from the named beneficiary. No funds will be disbursed until an Authorized Representative is able to be any confirm such officerinstructions by telephone callback. (cb) The parties hereto acknowledge Buyer acknowledges that the Escrow Agent is authorized to deliver use the following funds transfer instructions to disburse any funds due to Buyer under this Agreement without a verifying call-back as set forth in Section 25(a) above: Buyer’s Bank account information: Bank name: Bank address: ABA number: Account name: Account number: Unless the Seller has assigned its rights under this Agreement in accordance with Section 14 Seller acknowledges that Escrow Shares Agent is authorized to use the custodian following funds transfer instructions to disburse any funds due to Seller under this Agreement without a verifying call-back as set forth in Section 25(a) above: Seller’s Bank account of a recipient information: Bank name: Bank address: ABA number: Account name: Account number: (c) In addition to their respective funds transfer instructions as set forth in Section 25(b) above, the Parties acknowledge that repetitive funds transfer instructions may be given to Escrow Agent for one or more beneficiaries where only the date of the requested transfer, the amount of funds to be transferred, and/or the description of the payment shall change within the repetitive instructions (“Standing Settlement Instructions”). Accordingly, the Parties shall deliver to Escrow SharesAgent such specific Standing Settlement Instructions only for each respective beneficiary, by facsimile in accordance with this Section 25. Escrow Agent may rely solely upon such Standing Settlement Instructions and all identifying information set forth therein for each beneficiary. Escrow Agent and the Parties agree that such Standing Settlement Instructions shall be effective as designated the funds transfer instructions of the Parties, without requiring a verifying callback, whether or not authorized, if such Standing Settlement Instructions are consistent with previously authenticated Standing Settlement Instructions for that beneficiary. (d) The Parties acknowledge that there are certain security, corruption, transmission error and access availability risks associated with using open networks such as the internet and the Parties hereby expressly assume such risks. Furthermore, the Parties acknowledge that the security procedures set forth in a Joint Written Instructionthis Section 25 are commercially reasonable.

Appears in 1 contract

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

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Adjustment Escrow Shares or the Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Adjustment Escrow Shares or the Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any reach the Stockholder Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of Parent’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Stockholder Representative. (c) Notwithstanding anything to the contrary herein, the Escrow Agent shall only deliver or distribute the Adjustment Escrow Shares and the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Escrow Agreement (Electric Last Mile Solutions, Inc.)

Security Procedures. (a) Notwithstanding anything Each of Purchaser and Seller shall each deliver to Escrow Agent a fully executed incumbency certificate naming the officers who have the authority to execute and amend this Agreement. Exhibit B-Authorized Representatives for Disbursements names the authorized representatives who are authorized to provide disbursement instructions with respect to the contrary as set forth in Section 10Escrowed Funds, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the and Escrow Agent only by confirmed facsimile may rely upon the confirmation of anyone purporting to be any such officer or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) authorized representative. In the event funds transfer instructions are so received given, whether in writing or by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to one or more of the person or persons designated on in Exhibit C heretoB-Authorized Representatives for Disbursements who is different from the person who gave the transfer instruction, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cidentified, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Purchaser’s or Seller’s (as applicable) authorized officers of the Company (collectively, the “Senior Officers”), as the case may be, prescribed on Purchaser’s banking resolutions which shall include the titles of Chief Executive Officertreasurer or assistant treasurer for Purchaser. Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Purchaser to identify (i) the beneficiary, General Counsel(ii) the beneficiary’s bank, Chief Financial Officer, President or (iii) an intermediary bank. Escrow Agent may apply any of Executive Vice President, as the escrowed funds for any payment order it executes using any such identifying number in a manner consistent with the written instructions from Purchaser. Purchaser and Seller each acknowledge that the security procedures set forth in this Section are commercially reasonable. Unless the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificateis otherwise instructed in writing by Seller, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge Seller acknowledges that the Escrow Agent is authorized to deliver use the following funds transfer instructions to disburse any funds due to Seller under this Agreement without a verifying call-back as set forth above in this Section 13: Seller’s bank account information: Bank Name: [ ] Bank Address: [ ] ABA Number: [ ] Account Name: [ ] Account #: [ ] Reference: [ ] Unless the Escrow Shares to the custodian account of a recipient of Agent is otherwise instructed in writing by Purchaser, Purchaser acknowledges that the Escrow Shares, Agent is authorized to use the following funds transfer instructions to disburse any funds due to Purchaser under this Agreement without a verifying call-back as designated set forth above in a Joint Written Instruction.this Section 13: Purchaser’s bank account information: Bank Name: [ ] Bank Address: [ ] ABA Number: [ ] Account Name: [ ] Account #: [ ] Reference: [ ]

Appears in 1 contract

Sources: Agreement and Plan of Demerger (Neophotonics Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the issuance of Allocated Company Management Members Earn Out Shares or the transfer or distribution of the Escrow Earn Out Shares, including including, but not limited to, any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice, the joint written notice described in Section 2(c), or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earn Out Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the issuance of Allocated Company Management Members Earn Out Shares or transfer or distribution of the Escrow Earn Out Shares, or any portion thereof, shall be deemed delivered and effective unless the Earn Out Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earn Out Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event issuance, transfer or distribution instructions are so received by the Earn Out Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earn Out Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earn Out Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earn Out Escrow Agent. If the Earn Out Escrow Agent is unable to contact any reach a Party after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earn Out Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of such Party’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Legal Officer and Chief Financial Officer, President of Executive Vice President, as the Earn Out Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earn Out Escrow Agent a fully executed incumbency certificate, and the Earn Out Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of such Party. (c) Notwithstanding anything to the contrary herein, the Earn Out Escrow Agent shall only deliver or distribute the Earn Out Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. Notwithstanding anything to the contrary herein, the Earn Out Escrow Agent shall only issue Allocated Company Management Members Earn Out Shares upon receipt of and in accordance with the delivery instructions set forth in the joint written notice described in Section 2(c). (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Business Combination Agreement (Ascendant Digital Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Seller’s or Purchaser’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General CounselPresident, Chief Financial Officerany Vice-President, President of Executive Vice PresidentTreasurer or Secretary, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Seller or Purchaser to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may apply any of the Fund for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. (cb) The parties hereto acknowledge Seller acknowledges that the Escrow Agent is authorized to deliver use the following funds transfer instructions to disburse any funds due to Seller under this Agreement without a verifying call-back as set forth in Section 11(a) above: Seller’s Bank account information: Bank name: Bank Address: ABA Number: Account name: Account number: Purchaser acknowledges that the Escrow Shares Agent is authorized to use the custodian following funds transfer instructions to disburse any funds due to Purchaser under this Agreement without a verifying call-back as set forth in Section 11(a) above: Purchaser’s Bank account of a recipient of information: Bank name: Bank Address: ABA Number: Account name: Account number: (c) The Parties acknowledge that the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Walter Investment Management Corp)

Security Procedures. (a) Notwithstanding anything to In the contrary as set forth in Section 10, event instructions or are given regarding the delivery of the all or any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution portion of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 Units (other than in writing at the time of execution of this Escrow Agreement, may be given to the Escrow Agent only as indicated in Section 9 above), whether in writing, by confirmed facsimile telecopier or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)otherwise, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoschedule 1 hereto (“Schedule 1”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. Each funds transfer instruction shall be executed by an authorized signatory, a list of such authorized signatories is set forth on Schedule 1. The undersigned is authorized to certify that the signatories on Schedule 1 are authorized signatories. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company your executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) . The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The parties hereto to this Escrow Agreement acknowledge that these security procedures are commercially reasonable. Party A and Party B agree that repetitive or standing settlement instructions will be effective as the funds transfer instructions of Party A and Party B, whether or not authorized, if such settlement instructions are verified pursuant to the security procedure provided herein or such other security procedure that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow SharesAgent, as designated in a Joint Written InstructionParty A and Party B may agree to.

Appears in 1 contract

Sources: Contribution Agreement (Copano Energy, L.L.C.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to Parent and the Company and the Sponsor Representative by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient receipt of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Share Escrow Agreement (Alpine Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to a. In the contrary as set forth event funds transfer instructions are given, whether in Section 10writing, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)otherwise, the Escrow Indemnity Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoAnnex B, and the Escrow Indemnity Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Indemnity Agent. If the Escrow Indemnity Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Annex B, no funds shall be wired until such confirmation can be accomplished as set forth in this Section 19(a). The Indemnity Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Parent or Stockholders Representative to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Indemnity Agent may apply any of the Indemnity Funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The Parties acknowledge that these security procedures are commercially reasonable. b. Parent acknowledges that repetitive funds transfer instructions may be given to the Indemnity Agent for one or more beneficiaries where only the date of the requested transfer, the Escrow Agent is hereby authorized both amount of funds to receive written instructions from and seek confirmation of such instructions by officers be transferred, and/or the description of the Company payment shall change within the repetitive instructions (collectively, the Senior OfficersStanding Settlement Instructions”). Accordingly, as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer Parent shall deliver to the Escrow Indemnity Agent a fully executed incumbency certificatesuch specific Standing Settlement Instructions only for each respective beneficiary as set forth in Annex B to this Indemnity Agreement, and the Escrow by facsimile or other written instruction. The Indemnity Agent may rely solely upon such Standing Settlement Instructions and all identifying information set forth therein for each beneficiary. The Indemnity Agent and Parent agree that such Standing Settlement Instructions shall be effective as the confirmation funds transfer instructions of anyone purporting to be any Parent, without requiring a verifying callback, whether or not authorized, if such officerStanding Settlement Instructions are consistent with previously authenticated Standing Settlement Instructions for that beneficiary. Parent acknowledges that such Standing Settlement Instructions are a security procedure and are commercially reasonable. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Merger Agreement (Tellabs Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesEscrowed Funds and Escrowed Securities, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) . In the event funds transfer instructions are so received given in writing by the Escrow Agent by facsimile or other electronic transmission (including e-mail), telecopier the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 2 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons individuals authorized to give and telephone numbers for call-backs confirm any instructions may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 2, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Company’s or Canaccord’s executive officers (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificateIncumbency Certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Company or the Placement Agents to identify (a) the beneficiary, (b) the beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent may apply any of the Escrowed Funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The parties hereto to this Agreement acknowledge that these security procedures are commercially reasonable. All funds transfer instructions must include the signature of the person(s) authorizing said funds transfer, which shall be an individual who is designated to give funds transfer instructions as designated in Schedule 2. Company acknowledged that the Escrow Agent is authorized to deliver use the Escrow Shares following funds transfer instructions to the custodian account disburse any funds due to Company under this Agreement without a verifying call-back as set forth above: Bank Name: ▇▇▇▇▇ Fargo ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Tel: ▇▇▇-▇▇▇-▇▇▇▇ ABA Number.: ▇▇▇▇▇▇▇▇▇ For benefit of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.Genesis Biopharma Inc. Account Number: 3113884161

Appears in 1 contract

Sources: Escrow Agreement (Genesis Biopharma, Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1010 in this Escrow Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesfunds, including but not limited to any Joint Written Instruction such funds transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Escrow Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 and of this Escrow Agreement as further evidenced by a confirmed transmittal to that numberwritten confirmation of transmission. (ba) In the event funds transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule 1 of this Escrow Agreement, and the Escrow Agent may rely in good faith upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit CSchedule 1 of this Escrow Agreement, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Equityholders’ Representative’s or the Buyer’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely in good faith upon the confirmation of anyone purporting to be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Equityholders’ Representative or the Buyer to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. (cb) The parties hereto acknowledge Equityholders’ Representative acknowledges that the Escrow Agent is authorized to deliver use the funds transfer instructions set forth in the applicable joint written instructions to disburse any funds due to the Equityholders under this Escrow Agreement without a verifying call-back as set forth in Section 11(a) of this Escrow Agreement. The Buyer acknowledges that the Escrow Shares Agent is authorized to use the following funds transfer instructions to disburse any funds due to the custodian Buyer under this Escrow Agreement without a verifying call-back as set forth in Section 11(a) of this Escrow Agreement: Buyer’s Bank account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.information: Bank name: Bank Address: ABA number: Account name: Account number:

Appears in 1 contract

Sources: Merger Agreement (International Rectifier Corp /De/)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earnout Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Earnout Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earnout Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Earnout Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earnout Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earnout Escrow Agent. If the Earnout Escrow Agent is unable to contact any reach the Principal Shareholders’ Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earnout Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of PubCo’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Legal Officer and Chief Financial Officer, President of Executive Vice President, as the Earnout Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earnout Escrow Agent a fully executed incumbency certificate, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Principal Shareholders’ Representative. (c) Notwithstanding anything to the contrary herein, the Earnout Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Earnout Escrow Agreement (HCYC Group Co LTD)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Contingent Consideration Shares, including any Joint Written Instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Contingent Consideration Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit C, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Contingent Consideration Shares to the custodian account of a recipient of the Escrow Contingent Consideration Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Contingent Consideration Escrow Agreement (Alliance Entertainment Holding Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Sphere by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of the senior officers of the Company Sphere (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Sphere acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of the Escrow Shares, as designated by Sphere in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Escrow Agreement (Sphere 3D Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 108, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement3, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Escrowed Sponsor Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Whole Earth Brands, Inc. (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of or Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instruction.

Appears in 1 contract

Sources: Escrow Agreement (Whole Earth Brands, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earnout Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Earnout Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earnout Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Earnout Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earnout Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earnout Escrow Agent. If the Earnout Escrow Agent is unable to contact any reach the Stockholder Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earnout Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of PubCo’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Earnout Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earnout Escrow Agent a fully executed incumbency certificate, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Stockholder Representative. (c) Notwithstanding anything to the contrary herein, the Earnout Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Earnout Escrow Agreement (Falcon Capital Acquisition Corp.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company Purchaser’s executive officers, (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Sellers’ Representative acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of designated by the Sellers’ Representative in written. Purchaser acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Asset to the address provided for notice to Purchaser or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Escrow Agreement (Ocz Technology Group Inc)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10IX hereof, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this AgreementIII hereof, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company Parent and the Sponsor Parent Stockholder Representatives by the Escrow Agent in accordance with Section 10 IX hereof and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule 1 hereof, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1 hereof, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may selectbe designated in Schedule 1 hereof. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto acknowledge Parent and the Parent Stockholder Representatives acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a or recipient of designated by Thunder Power Shareholders in writing, provided that such delivery shall be endorsed in writing by the Escrow Shares, as designated in a Joint Written InstructionParent and the Parent Stockholder Representatives.

Appears in 1 contract

Sources: Escrow Agreement (Thunder Power Holdings, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any transfer instructions that may otherwise be set forth in a Joint Written Instruction Direction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesConsideration, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by for the Escrow Agent set forth in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit CSchedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company Parent and Purchaser (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares Consideration to the custodian account of a recipient of the Escrow Shares, as designated by Parent in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Escrow Agreement (Ruiz John Hasan)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 1016, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement6, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with this Section 10 17 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail)facsimile, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person authorized individual or persons designated individuals on Exhibit C heretoSchedule 1, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person authorized individual or persons individuals so designated. The persons authorized individuals and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives individual or individuals identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Buyer and/or Seller’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, Controller, General Counsel, Counsel and Chief Financial Officer, President of Executive Vice PresidentOfficer or similar other titles, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by Seller or Buyer to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may apply any of the Escrow Funds for any payment order it executes using any such identifying number, even when its use may result in a Person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated, provided that such payment is not the result of the Escrow Agent’s or any of its Affiliates’ criminal acts, fraud, gross negligence, bad faith or willful misconduct. (c) The parties hereto acknowledge Seller acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of designated by Seller in writing. (d) Buyer acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Asset to the address provided for notice to Buyer or any address provided in a Joint Written InstructionBuyer Claim Notice. (e) The Parties and the Escrow Agent acknowledge that the security procedures set forth in this Section 17 are commercially reasonable.

Appears in 1 contract

Sources: Stock Purchase Agreement (Korn Ferry International)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesAsset, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Purchaser’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of President, Chief Executive Officer, General Counsel, Officer and Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge Seller acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares Asset to the custodian account of a or recipient of designated by Seller in writing. Purchaser acknowledges that the Escrow Shares, as designated Agent is authorized to deliver the Escrow Asset to the address provided for notice to Purchaser or any address provided in a Joint Written InstructionClaims Notice.

Appears in 1 contract

Sources: Escrow Agreement (CytoDyn Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 109, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Sharesdistribution, including but not limited to any Joint Written Instruction transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 3 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 9 and as further evidenced by a confirmed transmittal to that number. (ba) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including e-mail), the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers of the Company (collectively, the “Senior Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice President, as the Escrow Agent may select. Such Senior Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (cb) The parties hereto acknowledge [ ] acknowledges that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated by [ ] in a Joint Written Instructionwriting.

Appears in 1 contract

Sources: Merger Agreement (Cleantech Acquisition Corp.)

Security Procedures. If notices, instructions (a) Notwithstanding anything to the contrary as set forth in Section 10, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Shares, including any Joint Written Instruction permitted pursuant to Section 4 of this AgreementWritten Direction or otherwise), may be given to the approvals, consents, requests, and other communications, are received by Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Shares, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor by the Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that number. (b) In the event transfer instructions are so received by the Escrow Agent by facsimile or other electronic transmission (including at its e-mail)mail account(s) as designated on Schedule A hereto, the Escrow Agent is authorized authorized, but not required, to seek prompt confirmation of such instructions communications by telephone call-back to the sending person or persons persons’ telephone number(s) as designated on Exhibit C Schedule A hereto, and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designateddesignated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The persons and their telephone numbers for authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by the Escrow AgentAgent and delivered in accordance with Section 12 above and, if applicable, this Section 13. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Csuch designated person, the Escrow Agent is hereby authorized (but not required) both to receive written instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Issuer’s executive officers of the Company (collectivelyeach, the an Senior OfficersExecutive Officer”), as the case may be, which who shall include the individuals holding titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentOfficer or more senior thereto, as the Escrow Agent may select. Such Senior Officer Executive Officer(s) shall deliver to the Escrow Agent a fully executed incumbency certificatecertificate upon the Escrow Agent’s request, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. (c) Executive Officer(s). The parties hereto to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. The Escrow Agent is authorized in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the parties hereto to deliver the identify (i) a beneficiary, (ii) a beneficiary’s bank, or (iii) an intermediary bank. The Escrow Shares to the custodian account of a recipient Agent may apply any of the Escrow SharesAssets for any payment order it executes using any such identifying number, as designated even where its use may result in a Joint Written Instructionperson other than a beneficiary being paid, or the transfer of funds to a bank other than a beneficiary’s bank or an intermediary bank designated.

Appears in 1 contract

Sources: Escrow Agreement (Safe & Green Development Corp)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 10this Agreement, any instructions setting forth, claiming, containing, objecting to, or in any way related to the transfer or distribution of the Escrow Earnout Shares, including but not limited to any Joint Written Instruction such instructions that may otherwise be set forth in a Release Notice or other written notice, document, instruction or request permitted pursuant to Section 4 of this Agreement, may be given to the Earnout Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow Earnout Shares, or any portion thereof, shall be deemed delivered and effective unless the Earnout Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Parties by the Earnout Escrow Agent in accordance with Section 10 and as further evidenced by a confirmed transmittal to that numbernumber or e-mail address. (b) In the event transfer instructions are so received by the Earnout Escrow Agent by facsimile or other electronic transmission submission (including e-mail), the Earnout Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C Schedule 1 hereto, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Earnout Escrow Agent. If the Earnout Escrow Agent is unable to contact any reach the Holder Representative after a reasonable amount of the authorized representatives identified on Exhibit Ctime, the Earnout Escrow Agent is hereby authorized both to receive written instructions from and seek written confirmation of such instructions by any one or more of PubCo’s executive officers of the Company (collectively, the Senior Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Legal Officer and Chief Financial Officer, President of Executive Vice President, as the Earnout Escrow Agent may select. Such Senior Executive Officer shall deliver to the Earnout Escrow Agent a fully executed incumbency certificate, and the Earnout Escrow Agent may rely upon the confirmation of anyone purporting to be any such officerofficer as confirmation on behalf of the Holder Representative. (c) Notwithstanding anything to the contrary herein, the Earnout Escrow Agent shall only deliver or distribute the Earnout Shares upon receipt of and in accordance with the delivery instructions set forth in the applicable Release Notice. (d) The parties hereto Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated security procedures set forth in a Joint Written Instructionthis Section 11 are commercially reasonable.

Appears in 1 contract

Sources: Earnout Escrow Agreement (Benson Hill, Inc.)

Security Procedures. (a) Notwithstanding anything to the contrary as set forth in Section 108.11(a), any instructions setting forth, claiming, containing, objecting to, to or in any way related to the transfer or distribution of the Escrow SharesEscrowed Shares or Escrowed Cash, including but not limited to any Joint Written Instruction such transfer instructions that may otherwise be set forth in a written instruction permitted pursuant to Section 4 of this Agreement, may be given to the Escrow Agent only by confirmed facsimile or other electronic transmission (including e-mail) and no instruction for or related to the transfer or distribution of the Escrow SharesFund, or any portion thereof, shall be deemed delivered and effective unless the Escrow Agent actually shall have received such instruction by facsimile or other electronic transmission (including e-mail) at the number or e-mail address provided to the Company and the Sponsor Merger Parties by the Escrow Agent in accordance with Section 10 8.11 and as further evidenced by a confirmed transmittal to that number. (b) In . Notwithstanding anything to the contrary herein, in the event funds transfer instructions or Shares Transfer Instructions are so received by the Escrow Agent given, whether in writing or by facsimile or otherwise, for the Merger Parties or as repetitive funds transfer instructions or Shares Transfer Instructions for any other electronic transmission (including e-mail)beneficiary at the time of execution of this Agreement, the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to the person or persons designated on Exhibit C heretoSchedule 1 hereto (“Schedule 1”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs may be changed only in a writing actually received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified on Exhibit Cin Schedule 1, the Escrow Agent is hereby authorized both to receive written instructions from and seek confirmation of such instructions by officers telephone call-back to any one or more of the Company executive officers (collectively, the Senior Executive Officers”)) of Acquiror or the general partners that ultimately control the Stockholders, as the case may be, which shall include the titles of Chief Executive Officer, General Counsel, Chief Financial Officer, President of Executive Vice PresidentCounsel and Secretary, as the Escrow Agent may select. Such Senior Executive Officer shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to be any such officer. . The Escrow Agent and the beneficiary’s bank in any funds transfer or shares transfer may rely solely upon any account numbers or similar identifying numbers provided by Acquiror or Stockholders to identify (ci) the beneficiary, (ii) the beneficiary’s bank or (iii) an intermediary bank. The parties hereto Escrow Agent may apply any funds or any of the Escrowed Shares or Escrowed Cash for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. The Merger Parties acknowledge that the Escrow Agent is authorized to deliver the Escrow Shares to the custodian account of a recipient of the Escrow Shares, as designated in a Joint Written Instructionthese security procedures are commercially reasonable.

Appears in 1 contract

Sources: Escrow Agreement (Prometheus Senior Quarters LLC)