South Dakota 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 A South Dakota Escrow Agreement is a legally binding contract that outlines the terms and conditions for the holding and release of assets or funds in a secure account. This agreement involves multiple parties, including The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. It is essential for understanding the various types of South Dakota Escrow Agreements that exist in this context. One type of South Dakota Escrow Agreement between these parties is a Purchase Agreement Escrow. This agreement typically occurs when The Trident Group, Inc. intends to acquire certain assets or properties from the Finger Security holders. In this case, Stuart Schloss and Bankers Trust Co. would act as the escrow agent, holding the funds involved in the transaction until specific conditions, as stated in the agreement, are met. These conditions commonly include regulatory approvals, due diligence processes, or agreed-upon timeframes. Another type of South Dakota Escrow Agreement pertinent to these entities might be a Shareholder Agreement Escrow. This type of escrow is relevant when shareholders of The Trident Group, Inc. or Finger Security holders enter into an agreement to sell or transfer their shares. Stuart Schloss and Bankers Trust Co. would serve as the escrow agent, ensuring proper documentation is in place and holding the shares until all necessary conditions are fulfilled, such as legal approvals or payment requirements. Furthermore, there could be a Litigation Escrow Agreement, which may arise in cases of legal disputes between The Trident Group, Inc., Finger Security holders, or other involved parties. In such situations, Stuart Schloss and Bankers Trust Co. may act as the neutral escrow agent, holding funds or assets in dispute until the litigation process concludes or a settlement is reached. Regardless of the specific type, a South Dakota Escrow Agreement provides a secure framework for managing financial transactions, safeguarding assets, and ensuring compliance with contractual obligations. These agreements preserve the interests of all parties involved by establishing clear guidelines and facilitating a smooth and transparent escrow process.

A South Dakota Escrow Agreement is a legally binding contract that outlines the terms and conditions for the holding and release of assets or funds in a secure account. This agreement involves multiple parties, including The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. It is essential for understanding the various types of South Dakota Escrow Agreements that exist in this context. One type of South Dakota Escrow Agreement between these parties is a Purchase Agreement Escrow. This agreement typically occurs when The Trident Group, Inc. intends to acquire certain assets or properties from the Finger Security holders. In this case, Stuart Schloss and Bankers Trust Co. would act as the escrow agent, holding the funds involved in the transaction until specific conditions, as stated in the agreement, are met. These conditions commonly include regulatory approvals, due diligence processes, or agreed-upon timeframes. Another type of South Dakota Escrow Agreement pertinent to these entities might be a Shareholder Agreement Escrow. This type of escrow is relevant when shareholders of The Trident Group, Inc. or Finger Security holders enter into an agreement to sell or transfer their shares. Stuart Schloss and Bankers Trust Co. would serve as the escrow agent, ensuring proper documentation is in place and holding the shares until all necessary conditions are fulfilled, such as legal approvals or payment requirements. Furthermore, there could be a Litigation Escrow Agreement, which may arise in cases of legal disputes between The Trident Group, Inc., Finger Security holders, or other involved parties. In such situations, Stuart Schloss and Bankers Trust Co. may act as the neutral escrow agent, holding funds or assets in dispute until the litigation process concludes or a settlement is reached. Regardless of the specific type, a South Dakota Escrow Agreement provides a secure framework for managing financial transactions, safeguarding assets, and ensuring compliance with contractual obligations. These agreements preserve the interests of all parties involved by establishing clear guidelines and facilitating a smooth and transparent escrow process.