Hennepin Minnesota 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
• County: Hennepin
• Control #: US-CC-12-2322
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. Hennepin Minnesota Escrow and Security Agreement is a legally binding contract entered into by On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement aims to establish a secure financial arrangement between the parties involved within the Hennepin County, Minnesota jurisdiction. The agreement ensures the protection of assets, timely payment obligations, and compliance with any applicable laws or regulations. This Escrow and Security Agreement serves as a safeguard for both On-Site Media, Inc., and Site-Based Media, Inc., providing a concrete framework for managing funds and securing assets. It outlines the rights, responsibilities, and obligations of the involved parties. By executing this agreement, the parties mitigate any potential risks associated with financial transactions, ensuring transparency and accountability. In the context of the Hennepin Minnesota Escrow and Security Agreement, there might be variations or subtypes tailored to specific circumstances. Some potential types could include: 1. On Site Media, Inc. Escrow and Security Agreement: This subtype of the agreement may focus predominantly on the responsibilities and obligations of On Site Media, Inc. in terms of depositing funds, providing adequate collateral, or fulfilling certain conditions as outlined in the agreement. 2. Site-Based Media, Inc. Escrow and Security Agreement: Similarly, this subtype may emphasize the specific commitments and obligations of Site-Based Media, Inc. in the escrow and security arrangement. It could include provisions relating to the maintenance of funds, securing assets, or meeting contractual obligations. 3. Citibank, N.A. Escrow and Security Agreement: This subtype of the agreement might center around the responsibilities and obligations of Citibank, N.A. as the trusted custodian of the escrow account. It would detail the bank's duties, authority, and any specific conditions it needs to meet during the duration of the agreement. Each subtype may contain specific clauses and provisions tailored to the respective party's involvement, ensuring a comprehensive understanding of each party's roles and responsibilities. Moreover, the agreement will address escrow terms, security provisions, dispute resolution mechanisms, and other relevant legal aspects to protect the interests of all parties involved. By executing this Hennepin Minnesota Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A., all parties can operate with transparency, trust, and confidence, promoting secure financial transactions within the framework of applicable laws and regulations in Hennepin County, Minnesota.

Hennepin Minnesota Escrow and Security Agreement is a legally binding contract entered into by On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. This agreement aims to establish a secure financial arrangement between the parties involved within the Hennepin County, Minnesota jurisdiction. The agreement ensures the protection of assets, timely payment obligations, and compliance with any applicable laws or regulations. This Escrow and Security Agreement serves as a safeguard for both On-Site Media, Inc., and Site-Based Media, Inc., providing a concrete framework for managing funds and securing assets. It outlines the rights, responsibilities, and obligations of the involved parties. By executing this agreement, the parties mitigate any potential risks associated with financial transactions, ensuring transparency and accountability. In the context of the Hennepin Minnesota Escrow and Security Agreement, there might be variations or subtypes tailored to specific circumstances. Some potential types could include: 1. On Site Media, Inc. Escrow and Security Agreement: This subtype of the agreement may focus predominantly on the responsibilities and obligations of On Site Media, Inc. in terms of depositing funds, providing adequate collateral, or fulfilling certain conditions as outlined in the agreement. 2. Site-Based Media, Inc. Escrow and Security Agreement: Similarly, this subtype may emphasize the specific commitments and obligations of Site-Based Media, Inc. in the escrow and security arrangement. It could include provisions relating to the maintenance of funds, securing assets, or meeting contractual obligations. 3. Citibank, N.A. Escrow and Security Agreement: This subtype of the agreement might center around the responsibilities and obligations of Citibank, N.A. as the trusted custodian of the escrow account. It would detail the bank's duties, authority, and any specific conditions it needs to meet during the duration of the agreement. Each subtype may contain specific clauses and provisions tailored to the respective party's involvement, ensuring a comprehensive understanding of each party's roles and responsibilities. Moreover, the agreement will address escrow terms, security provisions, dispute resolution mechanisms, and other relevant legal aspects to protect the interests of all parties involved. By executing this Hennepin Minnesota Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A., all parties can operate with transparency, trust, and confidence, promoting secure financial transactions within the framework of applicable laws and regulations in Hennepin County, Minnesota.