Escrow Account within 7 days of Binding date.
(c) Escorts will pay the purchase price into the Escrow Account with the Escrow Agent within ... Escorts will pay the Technical fee' into the Escrow Account with the Escrow Agent within 24 hours of the Binding date.
(e) New Holland
Escrowed Shares, including through pledge, charge
or other Encumbrance on the Escrowed Shares in favour
of the Lender/Escrow Agent (or any other person
nominated ... moving wherein the shares are being put to escrow account through the
escrow agent pursuant to the facility agreement. Fourthly, the plaintiff
becomes the part
There is no doubt that
an Escrow Arrangement was agreed to between the parties and
the Joint Escrow Agents were entrusted with certain specific
functions ... agreement, thereby triggering the Escrow
Arrangement, was to be independently decided by the Joint
Escrow Agents. It was also specified that the Joint Escrow
Agents
2010 Page 6 of 32
A. It shall deposit with the escrow agent
signed and undated letters of resignation
from all its newly appointed directors ... shares as the
Respondents had already deposited with the Escrow Agent the
shares along with blank transfer deeds and the Respondents
have no control over
crores to the defendant upon execution of Escrow agreement which would have authorised Escrow agents to hold the equity shares which were to be sold ... termination of the share purchase agreement and Escrow agreement and release of Escrow agent. Consequently, the parties were restored back to their original position that
that, simultaneously with the execution of the Escrow
Agreement, APIL would handover, to the new Escrow Agent, a duly
Signature Not Verified
Digitally Signed ... shift the Escrow
Agent and enter into yet another Escrow Agreement with the new
Escrow Agent. Clause 2.4 of the Escrow Agreement dated 19th July
that very date. The agreement specifically provides for down payment through escrow agent after completion of all legal formalities mentioned in Clauses ... completed but the payment of technical fees was also made through escrow agent by 16th Aug., 1995. Thus, nothing remained to be done
interim injunction against release of the undated escrow cheque of USD
2,000,000 by the escrow agent.
5 / 30
sat arbp ... entitled to USD 2,000,000 lying in escrow and thirdly,
directing the escrow agent to return the escrow cheque
respondent. As per Escrow agreement the owner is to
settle all the dues to Escrow agent and not to defacto complainant. It is an
admitted ... third party in the Escrow Agreement. The Escrow
Agreement usually involves an independent third party called as Escrow
agent, who holds the assets until
Four Mills Limited, were handed over to the Auditor S.Duraiswamy, escrow agent with the condition that if the money advanced under the two agreements ... shares, all the documents, which were in the custody of escrow agent, were received by Duraiswamy group and the same was also intimated
