Rhode Island Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A.

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-2322
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Rhode Island Escrow and Security Agreement is a legally binding contract that establishes the terms and conditions for the provision of escrow services and security between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement serves to protect the interests of all parties involved and ensure the fulfillment of financial obligations. The agreement outlines the specific terms and conditions to safeguard the assets held in escrow, which typically include funds, documents, or other valuable assets handed over by On Site Media, Inc., and Site-Based Media, Inc. to Citibank, N.A. as the designated escrow agent. Some relevant keywords that may apply to this type of agreement include: 1. Escrow Services: This refers to the services provided by Citibank, N.A. as the escrow agent, who will hold and disburse the assets in accordance with the conditions mentioned in the agreement. 2. Security: The agreement may include provisions for additional security measures to protect the assets held in escrow. This can involve collateral, liens, or other forms of security pledged by On Site Media, Inc., and Site-Based Media, Inc. 3. Disbursement: The agreement will detail the conditions under which the escrow agent will distribute the assets held in escrow to the specified parties. It may include milestones, key performance indicators, or other triggers for disbursing funds. 4. Termination: The agreement may outline the circumstances under which the escrow arrangement can be terminated, including completion of the agreed-upon terms, breach of contract, or mutual agreement. 5. Multiple Types of Escrow Agreements: Although not specified in the question, there could be different types of escrow agreements based on the specific needs or nature of the transaction. For instance, there might be separate escrow agreements for a real estate transaction, the acquisition of assets, or the settlement of legal disputes. In conclusion, a Rhode Island Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. establishes the framework for escrow services, security measures, disbursement conditions, and potential termination clauses. It safeguards the assets involved and ensures compliance with the mutually agreed-upon terms. Different types of escrow agreements may exist depending on the nature of the transaction.

Rhode Island Escrow and Security Agreement is a legally binding contract that establishes the terms and conditions for the provision of escrow services and security between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement serves to protect the interests of all parties involved and ensure the fulfillment of financial obligations. The agreement outlines the specific terms and conditions to safeguard the assets held in escrow, which typically include funds, documents, or other valuable assets handed over by On Site Media, Inc., and Site-Based Media, Inc. to Citibank, N.A. as the designated escrow agent. Some relevant keywords that may apply to this type of agreement include: 1. Escrow Services: This refers to the services provided by Citibank, N.A. as the escrow agent, who will hold and disburse the assets in accordance with the conditions mentioned in the agreement. 2. Security: The agreement may include provisions for additional security measures to protect the assets held in escrow. This can involve collateral, liens, or other forms of security pledged by On Site Media, Inc., and Site-Based Media, Inc. 3. Disbursement: The agreement will detail the conditions under which the escrow agent will distribute the assets held in escrow to the specified parties. It may include milestones, key performance indicators, or other triggers for disbursing funds. 4. Termination: The agreement may outline the circumstances under which the escrow arrangement can be terminated, including completion of the agreed-upon terms, breach of contract, or mutual agreement. 5. Multiple Types of Escrow Agreements: Although not specified in the question, there could be different types of escrow agreements based on the specific needs or nature of the transaction. For instance, there might be separate escrow agreements for a real estate transaction, the acquisition of assets, or the settlement of legal disputes. In conclusion, a Rhode Island Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. establishes the framework for escrow services, security measures, disbursement conditions, and potential termination clauses. It safeguards the assets involved and ensures compliance with the mutually agreed-upon terms. Different types of escrow agreements may exist depending on the nature of the transaction.