17-217 17-217 . . . Indemnification Agreement providing that (i) in event of change in control, corporation shall establish Escrow Reserve of $2,000,000 as security for its obligations under Indemnification Agreement and (ii) in event of any liquidation, merger, consolidation or reorganization in which corporation is not surviving entity, or sale of all or substantially all of corporation's assets, corporation shall ensure that Indemnification Agreement is assumed by surviving entity or otherwise provide for satisfaction of its obligations thereunder
Collin Texas Indemnification Agreement establishing Escrow Reserve is a legal contract that outlines the terms and conditions of an escrow account specifically created for indemnification purposes in the Collin County region of Texas. This agreement provides protection to parties involved in a transaction, ensuring that any potential liabilities, damages, or claims are adequately covered by the reserve funds held in escrow. Keywords: Collin Texas, indemnification agreement, escrow reserve, legal contract, terms and conditions, escrow account, liabilities, damages, claims, protection, reserve funds, escrow agreement. Types of Collin Texas Indemnification Agreement establishing Escrow Reserve: 1. Commercial Real Estate Indemnification Agreement with Escrow Reserve: This agreement specifically caters to commercial real estate transactions in Collin County, Texas. It outlines the provisions and requirements for establishing an escrow reserve to cover indemnification claims related to property acquisitions, leases, or developments in the area. 2. Business Acquisition Indemnification Agreement with Escrow Reserve: This type of agreement focuses on indemnification arrangements related to the acquisition of a business in Collin County, Texas. It defines the conditions and framework for establishing an escrow reserve to safeguard both the buyer and the seller from potential claims or losses arising from the transaction. 3. Construction Project Indemnification Agreement with Escrow Reserve: This agreement concentrates on indemnification for construction projects within Collin County, Texas. It establishes an escrow reserve to protect all parties involved in the construction process, including contractors, subcontractors, and property owners, in the event of unforeseen liabilities, damages, or disputes. 4. Employment Agreement Indemnification Agreement with Escrow Reserve: This agreement focuses on indemnification and escrow arrangements related to employment contracts in Collin County, Texas. It outlines the terms and conditions for establishing an escrow reserve to address potential claims, breaches, or disputes arising from the employment relationship, ensuring the protection of both the employer and the employee. Note: The types mentioned above are general examples and can be tailored or modified to suit specific needs and requirements within the Collin County region.
Collin Texas Indemnification Agreement establishing Escrow Reserve is a legal contract that outlines the terms and conditions of an escrow account specifically created for indemnification purposes in the Collin County region of Texas. This agreement provides protection to parties involved in a transaction, ensuring that any potential liabilities, damages, or claims are adequately covered by the reserve funds held in escrow. Keywords: Collin Texas, indemnification agreement, escrow reserve, legal contract, terms and conditions, escrow account, liabilities, damages, claims, protection, reserve funds, escrow agreement. Types of Collin Texas Indemnification Agreement establishing Escrow Reserve: 1. Commercial Real Estate Indemnification Agreement with Escrow Reserve: This agreement specifically caters to commercial real estate transactions in Collin County, Texas. It outlines the provisions and requirements for establishing an escrow reserve to cover indemnification claims related to property acquisitions, leases, or developments in the area. 2. Business Acquisition Indemnification Agreement with Escrow Reserve: This type of agreement focuses on indemnification arrangements related to the acquisition of a business in Collin County, Texas. It defines the conditions and framework for establishing an escrow reserve to safeguard both the buyer and the seller from potential claims or losses arising from the transaction. 3. Construction Project Indemnification Agreement with Escrow Reserve: This agreement concentrates on indemnification for construction projects within Collin County, Texas. It establishes an escrow reserve to protect all parties involved in the construction process, including contractors, subcontractors, and property owners, in the event of unforeseen liabilities, damages, or disputes. 4. Employment Agreement Indemnification Agreement with Escrow Reserve: This agreement focuses on indemnification and escrow arrangements related to employment contracts in Collin County, Texas. It outlines the terms and conditions for establishing an escrow reserve to address potential claims, breaches, or disputes arising from the employment relationship, ensuring the protection of both the employer and the employee. Note: The types mentioned above are general examples and can be tailored or modified to suit specific needs and requirements within the Collin County region.