Phoenix Arizona Escrow Agreement between The TriZetto Group, Inc., the Finserv Securityholders, Stuart Schloss and Bankers Trust Co.

• Category: Corporations - Public - Escrow
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Escrow Agreement is a legally binding contract between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. This agreement establishes the terms and conditions for the creation and management of an escrow account to ensure the secure handling and distribution of funds and assets. The main purpose of this Phoenix Arizona Escrow Agreement is to safeguard the interests of all parties involved and provide a neutral third party, Bankers Trust Co., to oversee and administer the escrow account. The agreement outlines the responsibilities and obligations of each party, ensuring transparency and accountability throughout the process. The escrow account serves as a mechanism to hold funds, securities, or other assets until certain predetermined conditions or milestones are met. It acts as a protection for all parties involved, mitigating risks and ensuring the completion of a transaction or fulfillment of obligations. Under this agreement, The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. commit to follow specific guidelines regarding the establishment, management, and distribution of the escrow account. This includes provisions for the disbursement of funds or release of assets, instructions for the resolution of disputes, and conditions for termination or amendment of the agreement. Different types of Phoenix Arizona Escrow Agreements may exist depending on the specific circumstances of the transaction or arrangement. Some variations might include: 1. Asset acquisition escrow agreement: This type of agreement may be used when The Trident Group, Inc. intends to acquire assets from the Finger Security holders. It ensures that funds are held in the escrow account until certain conditions, such as regulatory approvals or satisfactory due diligence, are met. 2. Litigation escrow agreement: In cases involving legal disputes or litigation between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co., an escrow account may be established to hold funds related to the matter. This type of agreement ensures that funds are only released upon the resolution of the dispute or as per a court order. 3. Earnest money escrow agreement: This agreement is commonly used in real estate transactions. If The Trident Group, Inc. intends to purchase property owned by the Finger Security holders, an escrow account can hold the earnest money deposit until closing, protecting both parties from potential breaches. Regardless of the specific type of Phoenix Arizona Escrow Agreement, it serves as a vital tool in facilitating transactions, protecting the interests of all parties involved, and ensuring the smooth and secure handling of funds and assets.

Phoenix Arizona Escrow Agreement is a legally binding contract between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. This agreement establishes the terms and conditions for the creation and management of an escrow account to ensure the secure handling and distribution of funds and assets. The main purpose of this Phoenix Arizona Escrow Agreement is to safeguard the interests of all parties involved and provide a neutral third party, Bankers Trust Co., to oversee and administer the escrow account. The agreement outlines the responsibilities and obligations of each party, ensuring transparency and accountability throughout the process. The escrow account serves as a mechanism to hold funds, securities, or other assets until certain predetermined conditions or milestones are met. It acts as a protection for all parties involved, mitigating risks and ensuring the completion of a transaction or fulfillment of obligations. Under this agreement, The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. commit to follow specific guidelines regarding the establishment, management, and distribution of the escrow account. This includes provisions for the disbursement of funds or release of assets, instructions for the resolution of disputes, and conditions for termination or amendment of the agreement. Different types of Phoenix Arizona Escrow Agreements may exist depending on the specific circumstances of the transaction or arrangement. Some variations might include: 1. Asset acquisition escrow agreement: This type of agreement may be used when The Trident Group, Inc. intends to acquire assets from the Finger Security holders. It ensures that funds are held in the escrow account until certain conditions, such as regulatory approvals or satisfactory due diligence, are met. 2. Litigation escrow agreement: In cases involving legal disputes or litigation between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co., an escrow account may be established to hold funds related to the matter. This type of agreement ensures that funds are only released upon the resolution of the dispute or as per a court order. 3. Earnest money escrow agreement: This agreement is commonly used in real estate transactions. If The Trident Group, Inc. intends to purchase property owned by the Finger Security holders, an escrow account can hold the earnest money deposit until closing, protecting both parties from potential breaches. Regardless of the specific type of Phoenix Arizona Escrow Agreement, it serves as a vital tool in facilitating transactions, protecting the interests of all parties involved, and ensuring the smooth and secure handling of funds and assets.