Washington 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. Washington Escrow and Security Agreement is a legal document that establishes the terms and conditions relating to the escrow and security arrangements between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement ensures the protection of assets and financial interests of the parties involved by creating a secure arrangement through a trusted third-party, Citibank. Keywords: — Washington Escrow Agreement: The Washington Escrow Agreement is a legally binding contract that outlines the responsibilities and obligations of the involved parties when utilizing an escrow service in the state of Washington. — Security Agreement: The Security Agreement refers to the provisions within the overall agreement that pertains to securing the obligations of the parties involved by providing collateral or other guarantees. — On Site Media, Inc.: On Site Media, Inc. is a company participating in the agreement, represented by its legal representatives, which includes depositing funds or assets into the escrow account. — Site-Based Media, Inc.: Site-Based Media, Inc. is another participating party, represented by its legal representatives, which is involved in the escrow and security arrangements. — Citibank, N.A.: Citibank, N.A. is the trusted third-party financial institution responsible for facilitating and overseeing the escrow and security arrangements in compliance with the Washington state laws and regulations. Types of Washington Escrow and Security Agreements between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A.: 1. Financial Escrow Agreement: A financial escrow agreement used by On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. to hold funds, ensuring the secure transfer and disbursement of payments or assets following specific conditions or milestones. 2. Asset Escrow Agreement: An asset escrow agreement employed when the agreement involves the placement of assets such as property titles, intellectual properties, or other valuable assets held in escrow until specific obligations or requirements are met. 3. Litigation Escrow Agreement: If there is ongoing litigation or legal disputes between the parties, a litigation escrow agreement may be utilized, which ensures the equitable distribution of funds or assets according to court orders or settlement agreements. 4. Conditional Security Agreement: This type of security agreement may be incorporated within the Washington Escrow and Security Agreement to secure financial obligations in case of default or breach of contract, providing the lender or party at risk with legal remedies to protect their interests. 5. Periodic Security Review Agreement: In some cases, parties may agree to have periodic security reviews conducted throughout the duration of the agreement to assess the value and adequacy of the provided security, ensuring compliance with the agreed terms. Please note that the above information is fictional, and before utilizing or entering into any legal agreements, it is advised to consult with legal professionals to ensure compliance with local laws and regulations.

Washington Escrow and Security Agreement is a legal document that establishes the terms and conditions relating to the escrow and security arrangements between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement ensures the protection of assets and financial interests of the parties involved by creating a secure arrangement through a trusted third-party, Citibank. Keywords: — Washington Escrow Agreement: The Washington Escrow Agreement is a legally binding contract that outlines the responsibilities and obligations of the involved parties when utilizing an escrow service in the state of Washington. — Security Agreement: The Security Agreement refers to the provisions within the overall agreement that pertains to securing the obligations of the parties involved by providing collateral or other guarantees. — On Site Media, Inc.: On Site Media, Inc. is a company participating in the agreement, represented by its legal representatives, which includes depositing funds or assets into the escrow account. — Site-Based Media, Inc.: Site-Based Media, Inc. is another participating party, represented by its legal representatives, which is involved in the escrow and security arrangements. — Citibank, N.A.: Citibank, N.A. is the trusted third-party financial institution responsible for facilitating and overseeing the escrow and security arrangements in compliance with the Washington state laws and regulations. Types of Washington Escrow and Security Agreements between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A.: 1. Financial Escrow Agreement: A financial escrow agreement used by On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. to hold funds, ensuring the secure transfer and disbursement of payments or assets following specific conditions or milestones. 2. Asset Escrow Agreement: An asset escrow agreement employed when the agreement involves the placement of assets such as property titles, intellectual properties, or other valuable assets held in escrow until specific obligations or requirements are met. 3. Litigation Escrow Agreement: If there is ongoing litigation or legal disputes between the parties, a litigation escrow agreement may be utilized, which ensures the equitable distribution of funds or assets according to court orders or settlement agreements. 4. Conditional Security Agreement: This type of security agreement may be incorporated within the Washington Escrow and Security Agreement to secure financial obligations in case of default or breach of contract, providing the lender or party at risk with legal remedies to protect their interests. 5. Periodic Security Review Agreement: In some cases, parties may agree to have periodic security reviews conducted throughout the duration of the agreement to assess the value and adequacy of the provided security, ensuring compliance with the agreed terms. Please note that the above information is fictional, and before utilizing or entering into any legal agreements, it is advised to consult with legal professionals to ensure compliance with local laws and regulations.