Termination Clause Example with Variations from Business Contracts

This page contains Termination 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.
Termination. The Company and the Placement Agent may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 days from the date of such notice. In the event of such termination, the Company and Placement Agent shall, within 30 days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions signed by the Company and Placement Agent, turn... over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent fail to appoint a successor escrow agent within such 30-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. View More Arrow
Found in LILIS ENERGY, INC. contract

Variations of a "Termination" Clause from Business Contracts

Termination. The Company and This Escrow Agreement shall terminate upon the Placement Agent may terminate earlier of (a) the appointment mutual agreement of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 days from the date of such notice. In the event of such termination, the Company and Placement Agent shall, within 30 days of such notice, appoint a successor escrow agent Parties and the Escrow Agent shall,... upon receipt Agent, or (b) the disbursement of written instructions signed by the Company and Placement Agent, turn over to such successor escrow agent all of the Indemnification Escrow Funds; provided, however, that if the Company and Placement Agent fail to appoint a successor escrow agent within such 30-day period, such termination notice Fund, whereupon this Escrow Agreement shall be null of no further force and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. effect. View More Arrow
Found in 2 Contracts from ESPORTS ENTERTAINMENT GROUP, INC.
Termination. The Company and This Escrow Agreement shall terminate upon the Placement Agent may terminate the appointment distribution of all the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 days from the date Funds pursuant to any applicable provision of such notice. In the event of such termination, the Company and Placement Agent shall, within 30 days of such notice, appoint a successor escrow agent and the this Escrow Agent shall, upon receipt of written instructions signed by the Company and Placement Agent, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent fail to appoint a successor escrow agent within such 30-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof Agreement, and Escrow Agent shall be relieved of all thereafter have no further obligations and released from all obligation or liability thereafter arising whatsoever with respect to this Escrow Agreement or the Escrow Funds and under this Agreement. Funds. View More Arrow
Found in FC Global Realty Inc contract
Termination. The Company and the Placement Agent Purchasers may terminate the appointment of the Escrow Agent hereunder upon a joint written notice to Escrow Agent specifying the date upon which such termination shall take effect, which date shall be at least 30 days from the date of such notice. effect. In the event of such termination, the Company and Placement Agent the Purchasers shall, within 30 days of such notice, jointly appoint a successor escrow agent and the Escrow Agent shall, upon receipt of... written instructions signed by both the Company and Placement Agent, the Purchasers, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent and/or the Purchasers fail to appoint a successor escrow agent within such 30-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent Escrow Agent hereunder and shall be bound by all of the provisions hereof and the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds Funds. 6 9. Costs, Expenses and under Fees. Escrow Agent shall be entitled, for the duties to be performed by it hereunder, to a one-time fee of $4,000.00, which fee shall be paid by the Company upon the signing of this Escrow Agreement. In addition, the Company shall be obligated to reimburse Escrow Agent for all out-of-pocket fees, costs and expenses incurred or that becomes due in connection with this Escrow Agreement or the Escrow Account, including reasonable attorney's fees. Neither the modification, cancellation, termination or rescission of this Escrow Agreement nor the resignation or termination of the Escrow Agent shall affect the right of Escrow Agent to retain the amount of any fee which has been paid, or to be reimbursed or paid any amount which has been incurred or becomes due, prior to the effective date of any such modification, cancellation, termination, resignation or rescission. If said amounts are not paid within 30 days from the date they are due or by the date this Escrow Agreement terminates, if earlier, then the Escrow Agent may use funds in the Escrow Account to pay said amounts. View More Arrow
Found in Blink Charging Co. contract
Termination. The Company and the Placement Agent Prive may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 thirty (30) days from the date of such notice. In the event of such termination, the Company and Placement Agent Prive shall, within 30 thirty (30) days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions signed by... the Company and Placement Agent, Prive, turn over to such successor escrow agent all of the Escrow Funds; Escrowed Shares; provided, however, that if the Company and Placement Agent Prive fail to appoint a successor escrow agent within such 30-day thirty (30)-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, Escrowed Shares, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds Escrowed Shares and under this Agreement. 3 7. Intentionally Omitted. View More Arrow
Found in Riot Blockchain, Inc. contract
Termination. The Company and the Placement Agent Principal Stockholder may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 thirty (30) days from the date of such notice. In the event of such termination, the Company and Placement Agent Principal Stockholder shall, within 30 thirty (30) days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of... written instructions signed by the Company and Placement Agent, Principal Stockholder, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent Principal Stockholder fail to appoint a successor escrow agent within such 30-day thirty (30)-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. View More Arrow
Found in MABVAX THERAPEUTICS HOLDINGS, INC. contract
Termination. The Company and the Placement Agent Lead Investor may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 thirty (30) days from the date of such notice. In the event of such termination, the Company and Placement Agent Lead Investor shall, within 30 thirty (30) days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written... instructions signed by the Company and Placement Agent, Lead Investor, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent Lead Investor fail to appoint a successor escrow agent within such 30-day thirty (30)-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. View More Arrow
Found in Riot Blockchain, Inc. contract
Termination. The Company and the Placement Agent Underwriter may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 thirty (30) days from the date of such notice. In the event of such termination, the Company and Placement Agent Underwriter shall, within 30 thirty (30) days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions... signed by the Company and Placement Agent, Underwriter, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent Underwriter fail to appoint a successor escrow agent within such 30-day thirty (30) day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. 4 Escrow Deposit Agreement 7. Investment. All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at Escrow Agent. View More Arrow
Found in FOTV Media Networks Inc. contract
Termination. The Company and the Placement Agent Underwriter may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 thirty (30) days from the date of such notice. In the event of such termination, the Company and Placement Agent Underwriter shall, within 30 thirty (30) days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions... signed by the Company and Placement Agent, Underwriter, turn over to such successor escrow agent 4 all of the Escrow Funds; provided, however, that if the Company and Placement Agent Underwriter fail to appoint a successor escrow agent within such 30-day thirty (30) day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. View More Arrow
Found in FOTV Media Networks Inc. contract
Termination. The Company and the Placement Agent Underwriter may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 thirty (30) days from the date of such notice. In the event of such termination, the Company and Placement Agent Underwriter shall, within 30 thirty (30) days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions... signed by the Company and Placement Agent, Underwriter, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and Placement Agent Underwriter fail to appoint a successor escrow agent within such 30-day thirty (30) day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. View More Arrow
Found in 3 Contracts from 2 Companies