Example ContractsClausesAcknowledgement of Escrow Agent as Counsel to Purchaser Representative
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Acknowledgement of Escrow Agent as Counsel to Purchaser Representative. The and hereby acknowledge that they are parties to that certain Escrow Agreement dated June ​, 2021, by and among Chen-Drake Law (“Escrow Agent”), the and the (the “Escrow Agreement”), pursuant to which the and established an escrow account and appointed Escrow Agent to serve as the escrow agent thereto in accordance with the terms and conditions of the Escrow Agreement. The and hereby acknowledge that Escrow Agent: # is legal counsel to the representatives of the ; # has explained to each of it the potential conflicts arising from having legal counsel to the representatives of the serve as the Escrow Agent; and # has advised each of them to seek independent counsel to review the terms of this Agreement and the Escrow Agreement. Each of the Company, and hereby acknowledges that it, he or she has had the opportunity to seek such independent counsel and agrees to waive all potential and actual conflicts arising from having Escrow Agent serve as Escrow Agent. The parties further acknowledge that the duties, responsibilities and obligations of Escrow Agent shall be limited to those expressly set forth in the Escrow Agreement and no duties, responsibilities or obligations shall be inferred or implied. Escrow Agent shall not be subject to, nor required to comply with, any other agreement between or among any or all of the , the Company and the or to which any of the or the are a party, even though reference thereto may be made herein, or to comply with any direction or instruction from any of the or the or any entity acting on its behalf. The ​, the Company and the ​ hereby expressly acknowledge their appointment of Escrow Agent to serve as the escrow agent in accordance with the terms and conditions of the Escrow Agreement.

Escrow Agent. Escrow Agent is hereby appointed and designated to act as Escrow Agent hereunder and is instructed to hold and deliver, pursuant to the terms of this Agreement (including, without limitation, the instructions set forth on Escrow Agent’s signature page hereto), the Deposit in the amount of $500,000.00 and the Assignment Agreement.

an escrow agreement, by and among Purchaser, the Representative and Escrow Agent, in the form attached as [Exhibit C] (the “Escrow Agreement”), duly executed by the Representative; and

Deliveries by Purchaser at the Closing. At Closing, Purchaser shall deliver, or cause to be delivered, to the Representative, the Escrow Agent, the Equity Holders and the other payees referenced in [Section 2.2], as applicable, the following:

At Closing, the Purchaser shall wire $25,000 (the “Escrow Funds”), to [[Organization A:Organization]] counsel for the Purchaser (“GKN”), who shall hold such Escrow Funds in its attorney escrow account and release such funds pursuant to an Escrow Agreement dated as of March ​, 2017 by and among the Seller, the Purchaser and the Company (the “Escrow Agreement”);

Acceptance by Escrow Agent. The Escrow Agent hereby accepts and agrees to perform its obligations hereunder, provided that:

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Indemnification of Escrow Agent. and Seller shall jointly and severally indemnify and hold the Escrow Agent harmless from and against any liability, loss, damage or expense (including, without limitation, reasonable and documented attorneys’ fees) that the Escrow Agent may incur in connection with this Agreement and its performance hereunder or in connection herewith, including with respect to any claim asserted by either or Seller, or any other person or entity, except to the extent such liability, loss, damage or expense is determined by a court of competent jurisdiction to have been directly caused by Escrow Agent’s willful misconduct, bad faith or gross negligence. and Seller further agree, jointly and severally, to indemnify Escrow Agent for all costs, including without limitation reasonable attorney’s fees, incurred by Escrow Agent in connection with the enforcement of ’s and Seller’s obligations hereunder. and Seller further agree, solely as between themselves, that the indemnification provided for under this Section shall be allocated and paid in the same manner as fees and expenses under Section 12. The indemnification provided for under this Section shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto.

Any certificate signed by any officer or representative of the Company or any of its subsidiaries and delivered to the Agent or the Forward Purchaser, or counsel for the Agent and Forward Purchaser, in connection with a sale of Forward Hedge Shares shall be deemed a representation and warranty by the Company to the Agent or the Forward Purchaser, as applicable as to the matters covered thereby on the date of such certificate.

The Escrow Agent may consult with legal counsel of its own choosing as to any matter relating to this Agreement, and the Escrow Agent shall not incur any liability in acting in good faith in accordance with any advice from such counsel.

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