The North Carolina Escrow Agreement is a legal document that outlines the terms and conditions surrounding the holding of funds or assets by a neutral third party, the Bankers Trust Co., on behalf of The Trident Group, Inc., the Finger Security holders, and Stuart Schloss. This agreement ensures that all parties involved are protected, and that the specific obligations and responsibilities are clearly defined. Keywords: North Carolina, Escrow Agreement, Trident Group, Finger Security holders, Stuart Schloss, Bankers Trust Co. Different types of North Carolina Escrow Agreements between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. may include: 1. Asset Escrow Agreement: In this type of agreement, assets such as financial securities, contracts, or intellectual property are held by Bankers Trust Co. until specific conditions, as outlined in the agreement, are met. 2. Purchase and Sale Agreement Escrow: This escrow agreement is commonly used in transactions where The Trident Group, Inc. is purchasing or selling a company or assets. The funds or assets are held until all conditions and requirements of the purchase and sale agreement are fulfilled. 3. Fund Distribution Escrow: When The Trident Group, Inc. or Finger Security holders need to distribute funds to various parties, a fund distribution escrow agreement may be utilized. It ensures that the funds are disbursed only after the designated conditions have been met. 4. Litigation Escrow: In case of ongoing litigation involving The Trident Group, Inc. or Finger Security holders, a litigation escrow agreement can be established to hold funds until a settlement or court decision has been reached. 5. Earn out Escrow: This escrow agreement is common in business acquisitions where a portion of the purchase price is contingent upon the future performance of The Trident Group, Inc. or an acquired entity. Bankers Trust Co. holds the funds until the predetermined earning thresholds are achieved. 6. Dissolution Escrow: In situations where The Trident Group, Inc., Finger Security holders, or Stuart Schloss dissolve a partnership or business entity, a dissolution escrow agreement is used to safeguard any remaining assets or funds until all obligations and liabilities are settled. Each of these North Carolina Escrow Agreements serves to protect the parties involved by clearly defining the roles and responsibilities of each party and ensuring that the agreed-upon terms are met before the release of funds or assets.
North Carolina Escrow Agreement between The TriZetto Group, Inc., the Finserv Securityholders, Stuart Schloss and Bankers Trust Co.
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