District of Columbia 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. A District of Columbia Escrow and Security Agreement is a legal document that outlines the terms and conditions for securing assets through escrow between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement provides protection for both parties involved in a transaction by establishing specific rules and responsibilities. The primary purpose of the District of Columbia Escrow and Security Agreement is to safeguard the interests of Citibank, N.A. as the escrow agent, while securing the assets being held in trust. This ensures that the assets can be used to satisfy any future liabilities or obligations that may arise during the course of the business relationship. Some keywords relevant to this agreement might include: 1. Escrow: This refers to a financial arrangement where a third party, in this case, Citibank, N.A., holds and regulates the funds or assets involved in the transaction until certain conditions are met. It helps establish trust and security among the parties involved. 2. Security Agreement: This refers to a legal contract that outlines the specific assets or properties being used as collateral to secure a loan or fulfill other obligations. It ensures that Citibank, N.A. has the right to take possession of the assets in the event of default or breach of contract. 3. On Site Media, Inc.: This is one of the parties involved in the agreement, a company or entity that may be seeking to secure assets or fulfill certain obligations. It represents their interests, rights, and responsibilities throughout the transaction. 4. Site-Based Media, Inc.: This is another party involved in the agreement, potentially a company or entity that is entering into a business relationship with On Site Media, Inc. Their rights, obligations, and liabilities are also defined within the agreement. It's important to note that while the keywords provided are relevant to a general District of Columbia Escrow and Security Agreement, specific variations or types of agreements can exist depending on the requirements and nature of the transaction. Therefore, it is recommended to review the actual agreement document to gain a comprehensive understanding of the terms, conditions, and any additional key provisions that may be relevant.

A District of Columbia Escrow and Security Agreement is a legal document that outlines the terms and conditions for securing assets through escrow between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement provides protection for both parties involved in a transaction by establishing specific rules and responsibilities. The primary purpose of the District of Columbia Escrow and Security Agreement is to safeguard the interests of Citibank, N.A. as the escrow agent, while securing the assets being held in trust. This ensures that the assets can be used to satisfy any future liabilities or obligations that may arise during the course of the business relationship. Some keywords relevant to this agreement might include: 1. Escrow: This refers to a financial arrangement where a third party, in this case, Citibank, N.A., holds and regulates the funds or assets involved in the transaction until certain conditions are met. It helps establish trust and security among the parties involved. 2. Security Agreement: This refers to a legal contract that outlines the specific assets or properties being used as collateral to secure a loan or fulfill other obligations. It ensures that Citibank, N.A. has the right to take possession of the assets in the event of default or breach of contract. 3. On Site Media, Inc.: This is one of the parties involved in the agreement, a company or entity that may be seeking to secure assets or fulfill certain obligations. It represents their interests, rights, and responsibilities throughout the transaction. 4. Site-Based Media, Inc.: This is another party involved in the agreement, potentially a company or entity that is entering into a business relationship with On Site Media, Inc. Their rights, obligations, and liabilities are also defined within the agreement. It's important to note that while the keywords provided are relevant to a general District of Columbia Escrow and Security Agreement, specific variations or types of agreements can exist depending on the requirements and nature of the transaction. Therefore, it is recommended to review the actual agreement document to gain a comprehensive understanding of the terms, conditions, and any additional key provisions that may be relevant.