Resignation Clause Example with 8 Variations from Business Contracts

This page contains Resignation clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Resignation. The Escrow Agent may resign upon 30 days' advance written notice to the parties hereto. If a successor escrow agent is not appointed by the Company within the 30-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, or may interplead the Investor Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate.
Found in GLADSTONE LAND Corp contract

Variations of a "Resignation" Clause from Business Contracts

Resignation. The Escrow Agent may resign upon 30 days' thirty (30) days advance written notice to the parties hereto. Company and the Dealer Manager. Such resignation shall become effective on the date specified in such notice, which shall be not earlier than thirty (30) days after such written notice has been given. In the event of any such resignation, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the mutual ...agreement of the Company and the Dealer Manager. Any such successor escrow agent shall deliver to the Company and the Dealer Manager a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent hereunder and shall be entitled to receive the Collected Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscription Payments in the Escrow Account, including interest thereon, to the successor escrow agent. If a successor escrow agent is not appointed by the Company or the Dealer Manager within the 30-day thirty (30) day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, or may interplead agent. All costs, expenses and reasonable attorneys' fees the Investor Funds Escrow Agent incurs in connection with such court, whereupon proceeding shall be paid by the Escrow Agent's duties hereunder shall terminate. Company. View More
Found in RODIN GLOBAL PROPERTY TRUST, INC. contract
Resignation. The Escrow Agent may resign upon 30 sixty (60) calendar days' advance written notice to the parties hereto. Fund. In the event of any such resignation, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the Fund. Any such successor escrow agent shall deliver to the Fund a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent hereunder... and shall be entitled to receive the Subscriber Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscription Amounts in the Escrow Account, including interest thereon, to the successor escrow agent. If a successor escrow agent is not appointed by the Company within the 30-day sixty (60) calendar day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, agent or may interplead the Investor Subscriber Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate. 8 12. Removal. The Escrow Agent may be removed by the Fund at any time by written notice provided to the Escrow Agent, which instrument shall become effective on the date specified in such written notice. The removal of the Escrow Agent shall not deprive the Escrow Agent of its compensation earned prior to such removal. In the event of any such removal, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the Fund. Any such successor escrow agent shall deliver to the Fund a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent hereunder and shall be entitled to receive the Subscriber Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscriber Funds in the Escrow Account, including interest thereon, to the successor escrow agent. If a successor escrow agent is not appointed by the Fund within the thirty (30) day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent. View More
Found in Blackstone Private Credit Fund contract
Resignation. The Escrow Agent may resign upon 30 sixty (60) calendar days' advance written notice to the parties hereto. Company. In the event of any such resignation, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the Company. Any such successor escrow agent shall deliver to the Company a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent ...hereunder and shall be entitled to receive the Subscriber Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscriber Funds in the Escrow Account, including interest thereon, to the successor escrow agent. If a successor escrow agent is not appointed by the Company within the 30-day sixty (60) calendar day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, agent or may interplead the Investor Subscriber Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate. View More
Found in Apollo Realty Income Solutions, Inc. contract
Resignation. The Escrow Agent may resign upon 30 thirty (30) calendar days' advance written notice to the parties hereto. Company. In the event of any such resignation, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the Company. Any such successor escrow agent shall deliver to the Company a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent... hereunder and shall be entitled to receive the Subscriber Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscription Amounts in the Escrow Account, including interest thereon, to the successor escrow agent. If a successor escrow agent is not appointed by the Company within the 30-day thirty (30) calendar day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, agent or may interplead the Investor Subscriber Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate. View More
Found in Blackstone Real Estate Income Trust, Inc. contract
Resignation. The Escrow Agent may resign upon 30 days' advance written notice to the parties hereto. Company. In the event of any such resignation, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the Company. Any such successor escrow agent shall deliver to the Company a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent hereunder and shall ...be entitled to receive the Subscriber Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscription Amounts in the Escrow Account, including interest thereon, to the successor escrow agent, whereupon the Escrow Agent's obligations hereunder shall terminate. If a successor escrow agent is not appointed by the Company within the 30-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, or may interplead the Investor Subscriber Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate. 10 18. Removal. The Escrow Agent may be removed by the Company at any time by written notice provided to the Escrow Agent, which instrument shall become effective on the date specified in such written notice. The removal of the Escrow Agent shall not deprive the Escrow Agent of its compensation earned prior to such removal. In the event of any such removal, a successor escrow agent, which shall be a bank or trust company organized under the laws of the United States of America, shall be appointed by the Company. Any such successor escrow agent shall deliver to the Company a written instrument accepting such appointment, and thereupon shall succeed to all the rights and duties of the Escrow Agent hereunder and shall be entitled to receive the Subscriber Funds from the Escrow Agent. The Escrow Agent shall promptly pay the Subscriber Funds in the Escrow Account, including interest thereon, to the successor escrow agent, whereupon the Escrow Agent's obligations hereunder shall terminate. If a successor escrow agent is not appointed by the Company within the 30-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, whereupon the Escrow Agent's obligations hereunder shall terminate. View More
Found in OAKTREE REAL ESTATE INCOME TRUST, INC. contract
Resignation. The Escrow Agent may resign upon 30 thirty (30) days' advance written notice to the parties hereto. Company and the Underwriter. If a successor escrow agent is not appointed by the Company within the 30-day thirty (30) day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, agent or may interplead the Investor Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate.
Found in AMAYA Global Holdings Corp. contract
Resignation. The Escrow Agent may resign upon 30 thirty (30) days' advance written notice to the parties hereto. Company and the Placement Agent. If a successor escrow agent is not appointed by the Company within the 30-day thirty (30) day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent, agent or may interplead the Investor Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate.
Found in Endurance Exploration Group, Inc. contract
Resignation. The Escrow Agent may resign upon 30 days' advance written notice to the parties hereto. If a successor escrow agent is not appointed by the Company within the 30-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction 7PAC:19638.2 to name a successor escrow agent, or may interplead the Investor Funds with such court, whereupon the Escrow Agent's duties hereunder shall terminate.
Found in PREFERRED APARTMENT COMMUNITIES INC contract