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

• Category: Corporations - Public - Escrow
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legally binding agreement that outlines the terms and conditions for the establishment and management of an escrow account. Keywords: Mecklenburg North Carolina, Escrow Agreement, Trident Group, Finger Security holders, Stuart Schloss, Bankers Trust Co. This agreement serves as a safeguard mechanism for the Finger Security holders in the event of certain contingencies, such as a merger, acquisition, or other major corporate transactions involving The Trident Group, Inc. It ensures protection and fairness for all parties involved by securing funds or assets until specific conditions or obligations are fulfilled. Under the Mecklenburg North Carolina Escrow Agreement, The Trident Group, Inc. acts as the depositor of the escrow account, while the Finger Security holders and the Bankers Trust Co. serve as beneficiaries of the account. Stuart Schloss, an authorized representative or trustee, oversees the proper execution and administration of the agreement. The agreement outlines the specific conditions upon which funds or assets are to be released from the escrow account. These conditions may include regulatory approvals, completion of contractual obligations, or resolution of any disputes between the parties. The agreement also designates Bankers Trust Co. as the custodian or holder of the escrow account, responsible for safekeeping and disbursing the funds or assets according to the agreed-upon terms. Different types of Mecklenburg North Carolina Escrow Agreements between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. may include: 1. Acquisition Escrow Agreement: This type of agreement is entered into when The Trident Group, Inc. acquires another company, and the escrow account is established to secure funds related to any contingent liabilities, indemnification claims, or unresolved disputes arising from the acquisition. 2. Performance Escrow Agreement: In certain contractual arrangements, an escrow account is created to ensure the performance of specific obligations outlined in the agreement. The funds or assets held in escrow may be released or forfeited based on the successful completion or breach of performance targets. 3. Litigation Escrow Agreement: When parties are involved in a legal dispute, an escrow account can be established to hold funds or assets until the resolution of the litigation. The funds may be used to cover potential settlements or damages awarded by the court. Regardless of the specific type, the Mecklenburg North Carolina Escrow Agreement provides a transparent, secure, and legally binding framework, preserving the interests and protecting the rights of all parties involved.

The Mecklenburg North Carolina Escrow Agreement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. is a legally binding agreement that outlines the terms and conditions for the establishment and management of an escrow account. Keywords: Mecklenburg North Carolina, Escrow Agreement, Trident Group, Finger Security holders, Stuart Schloss, Bankers Trust Co. This agreement serves as a safeguard mechanism for the Finger Security holders in the event of certain contingencies, such as a merger, acquisition, or other major corporate transactions involving The Trident Group, Inc. It ensures protection and fairness for all parties involved by securing funds or assets until specific conditions or obligations are fulfilled. Under the Mecklenburg North Carolina Escrow Agreement, The Trident Group, Inc. acts as the depositor of the escrow account, while the Finger Security holders and the Bankers Trust Co. serve as beneficiaries of the account. Stuart Schloss, an authorized representative or trustee, oversees the proper execution and administration of the agreement. The agreement outlines the specific conditions upon which funds or assets are to be released from the escrow account. These conditions may include regulatory approvals, completion of contractual obligations, or resolution of any disputes between the parties. The agreement also designates Bankers Trust Co. as the custodian or holder of the escrow account, responsible for safekeeping and disbursing the funds or assets according to the agreed-upon terms. Different types of Mecklenburg North Carolina Escrow Agreements between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. may include: 1. Acquisition Escrow Agreement: This type of agreement is entered into when The Trident Group, Inc. acquires another company, and the escrow account is established to secure funds related to any contingent liabilities, indemnification claims, or unresolved disputes arising from the acquisition. 2. Performance Escrow Agreement: In certain contractual arrangements, an escrow account is created to ensure the performance of specific obligations outlined in the agreement. The funds or assets held in escrow may be released or forfeited based on the successful completion or breach of performance targets. 3. Litigation Escrow Agreement: When parties are involved in a legal dispute, an escrow account can be established to hold funds or assets until the resolution of the litigation. The funds may be used to cover potential settlements or damages awarded by the court. Regardless of the specific type, the Mecklenburg North Carolina Escrow Agreement provides a transparent, secure, and legally binding framework, preserving the interests and protecting the rights of all parties involved.