Nebraska 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. Nebraska Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. is a legally binding document that outlines the terms and conditions regarding the establishment and management of an escrow account, as well as the security provided to Citibank, N.A. in case of default or breach of contract. This agreement serves to safeguard the interests of all parties involved and ensure compliance with the applicable laws and regulations. The main purpose of the Nebraska Escrow and Security Agreement is to set up an escrow account where On Site Media, Inc. and Site-Based Media, Inc. will deposit certain funds and assets, acting as collateral or security against any outstanding debts or potential liabilities owed to Citibank, N.A. This provides Citibank, N.A. with an added layer of protection, ensuring that they can recover their dues in a timely manner if any defaults occur. The agreement typically includes provisions pertaining to the establishment of the escrow account, identification of the assets deposited, and the specific terms of their release or withdrawal. It also outlines the rights and responsibilities of each party involved, such as the obligations of On Site Media, Inc. and Site-Based Media, Inc. to maintain and preserve the collateral, as well as their duties to notify Citibank, N.A. of any significant changes or developments that may impact the agreement. In addition to the general Nebraska Escrow and Security Agreement, there might be different types or variations of this agreement based on the specific needs and requirements of the parties involved. For instance, there could be separate agreements related to different assets or different types of security provided. These variations may arise to accommodate unique circumstances or to address specific concerns that may arise during the negotiation process. Some relevant keywords associated with the Nebraska Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. include: 1. Escrow account 2. Security agreement 3. Collateral 4. Default 5. Breach of contract 6. Funds and assets 7. Liabilities 8. Debts 9. Citibank, N.A. 10. Legal protection 11. Compliance 12. Rights and responsibilities 13. Preservation of collateral 14. Notification of changes 15. Unique circumstances.

Nebraska Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. is a legally binding document that outlines the terms and conditions regarding the establishment and management of an escrow account, as well as the security provided to Citibank, N.A. in case of default or breach of contract. This agreement serves to safeguard the interests of all parties involved and ensure compliance with the applicable laws and regulations. The main purpose of the Nebraska Escrow and Security Agreement is to set up an escrow account where On Site Media, Inc. and Site-Based Media, Inc. will deposit certain funds and assets, acting as collateral or security against any outstanding debts or potential liabilities owed to Citibank, N.A. This provides Citibank, N.A. with an added layer of protection, ensuring that they can recover their dues in a timely manner if any defaults occur. The agreement typically includes provisions pertaining to the establishment of the escrow account, identification of the assets deposited, and the specific terms of their release or withdrawal. It also outlines the rights and responsibilities of each party involved, such as the obligations of On Site Media, Inc. and Site-Based Media, Inc. to maintain and preserve the collateral, as well as their duties to notify Citibank, N.A. of any significant changes or developments that may impact the agreement. In addition to the general Nebraska Escrow and Security Agreement, there might be different types or variations of this agreement based on the specific needs and requirements of the parties involved. For instance, there could be separate agreements related to different assets or different types of security provided. These variations may arise to accommodate unique circumstances or to address specific concerns that may arise during the negotiation process. Some relevant keywords associated with the Nebraska Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. include: 1. Escrow account 2. Security agreement 3. Collateral 4. Default 5. Breach of contract 6. Funds and assets 7. Liabilities 8. Debts 9. Citibank, N.A. 10. Legal protection 11. Compliance 12. Rights and responsibilities 13. Preservation of collateral 14. Notification of changes 15. Unique circumstances.