South Carolina Escrow Agreement between The TriZetto Group, Inc., the Finserv Securityholders, Stuart Schloss and Bankers Trust Co.

• Category: Corporations - Public - Escrow
• State: Multi-State
• Control #: US-EG-9153
• Format: Word; Rich Text

Description

Escrow Agreement between The Trizetto Group, Inc., the Finserv Securityholders, Stuart Schloss and Bankers Trust Company of California dated December 22, 1999. 27 pages The South Carolina Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legal document that outlines the terms and conditions governing the escrow arrangement in the state of South Carolina. This agreement is designed to protect the interests of all involved parties and ensure the secure management of funds or assets held in escrow. Keywords: South Carolina, Escrow Agreement, The Trident Group, Inc., Finger Security holders, Stuart Schloss, Bankers Trust Co. The South Carolina Escrow Agreement serves as a contractual arrangement between The Trident Group, Inc., a prominent technology company, the Finger Security holders — referring to the shareholders or individuals holding securities related to financial services, Stuart Schloss — an individual party involved, and Bankers Trust Co., a well-established financial institution in the state of South Carolina. This agreement establishes the conditions under which certain funds or assets will be placed in escrow until specific obligations or conditions are met by the parties involved. The purpose of the escrow is to provide a neutral third party (Bankers Trust Co.) as a custodian of the assets or funds, ensuring fairness and impartiality in the transaction. Within the South Carolina Escrow Agreement, various provisions are outlined to address the responsibilities and rights of each party. These may include: 1. Identification of Es crowed Assets: Clearly identifying the funds or assets that will be held in escrow until the specified conditions are satisfied. 2. Escrow Period: Specifying the duration for which the escrow arrangement will remain in effect. This timeframe could vary depending on the nature and complexity of the transaction. 3. Release Conditions: Establishing the criteria that need to be fulfilled for the release of the BS crowed funds or assets. These conditions might include successful completion of a merger or acquisition, satisfaction of contractual obligations, or any other predetermined criteria. 4. Escrow Agent's Role: Defining the role and responsibilities of the escrow agent, which in this case is Bankers Trust Co. This may include ensuring the proper safeguarding of the assets, handling any disputed claims, and executing the release of BS crowed funds according to the agreed-upon criteria. 5. Dispute Resolution: Outlining the process for resolving any disagreements or disputes that may arise during the escrow period. This clause may specify whether arbitration, mediation, or legal action will be pursued to settle disputes. It is important to note that while this description provides an overview of a typical South Carolina Escrow Agreement involving The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co., there may be different types of escrow agreements based on specific circumstances and arrangements. These variations could include Escrow Agreements related to real estate transactions, merger and acquisition deals, or other bespoke agreements tailored to unique scenarios. Overall, the South Carolina Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. aims to ensure trust, accountability, and effective asset management throughout the duration of the specified escrow period.

The South Carolina Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legal document that outlines the terms and conditions governing the escrow arrangement in the state of South Carolina. This agreement is designed to protect the interests of all involved parties and ensure the secure management of funds or assets held in escrow. Keywords: South Carolina, Escrow Agreement, The Trident Group, Inc., Finger Security holders, Stuart Schloss, Bankers Trust Co. The South Carolina Escrow Agreement serves as a contractual arrangement between The Trident Group, Inc., a prominent technology company, the Finger Security holders — referring to the shareholders or individuals holding securities related to financial services, Stuart Schloss — an individual party involved, and Bankers Trust Co., a well-established financial institution in the state of South Carolina. This agreement establishes the conditions under which certain funds or assets will be placed in escrow until specific obligations or conditions are met by the parties involved. The purpose of the escrow is to provide a neutral third party (Bankers Trust Co.) as a custodian of the assets or funds, ensuring fairness and impartiality in the transaction. Within the South Carolina Escrow Agreement, various provisions are outlined to address the responsibilities and rights of each party. These may include: 1. Identification of Es crowed Assets: Clearly identifying the funds or assets that will be held in escrow until the specified conditions are satisfied. 2. Escrow Period: Specifying the duration for which the escrow arrangement will remain in effect. This timeframe could vary depending on the nature and complexity of the transaction. 3. Release Conditions: Establishing the criteria that need to be fulfilled for the release of the BS crowed funds or assets. These conditions might include successful completion of a merger or acquisition, satisfaction of contractual obligations, or any other predetermined criteria. 4. Escrow Agent's Role: Defining the role and responsibilities of the escrow agent, which in this case is Bankers Trust Co. This may include ensuring the proper safeguarding of the assets, handling any disputed claims, and executing the release of BS crowed funds according to the agreed-upon criteria. 5. Dispute Resolution: Outlining the process for resolving any disagreements or disputes that may arise during the escrow period. This clause may specify whether arbitration, mediation, or legal action will be pursued to settle disputes. It is important to note that while this description provides an overview of a typical South Carolina Escrow Agreement involving The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co., there may be different types of escrow agreements based on specific circumstances and arrangements. These variations could include Escrow Agreements related to real estate transactions, merger and acquisition deals, or other bespoke agreements tailored to unique scenarios. Overall, the South Carolina Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. aims to ensure trust, accountability, and effective asset management throughout the duration of the specified escrow period.