Wake 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: Wake
• 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 Wake North Carolina Escrow Agreement is a legally binding document that outlines the terms and conditions of an escrow arrangement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. This agreement is designed to protect the interests of all parties involved in a financial transaction, particularly in cases where large sums of money or assets are being held in escrow. The purpose of the Wake North Carolina Escrow Agreement is to establish a secure and transparent process for the deposit, release, and management of funds or assets. It ensures that all involved parties comply with the agreed-upon terms, preventing any potential disputes or misunderstandings. Under this agreement, The Trident Group, Inc. entrusts Bankers Trust Co. as the escrow agent to hold the funds or assets until the agreed-upon conditions for their release are met. The Finger Security holders and Stuart Schloss, as beneficiaries of the escrow arrangement, rely on the escrow agent to safeguard their interests and ensure the smooth execution of the transaction. The Wake North Carolina Escrow Agreement may consist of different types depending on the specific circumstances of the financial transaction. Some possible variations include: 1. Deposit Escrow Agreement: This type of escrow agreement is utilized when funds or assets are being deposited into escrow as part of a purchase, sale, or other financial transaction. It details the terms for the release of the BS crowed funds or assets to the appropriate party once all conditions have been met. 2. Contingency Escrow Agreement: In certain situations, an escrow agreement may include contingency clauses. This type of agreement outlines specific conditions that must be fulfilled before the funds or assets are released from escrow. It allows for the mitigation of risks associated with the transaction, ensuring that all parties are protected. 3. Hold back Escrow Agreement: A hold back escrow agreement is used when funds are withheld from the total amount being transferred. These funds are held in escrow for a predetermined period to cover any potential liabilities or claims that may arise after the initial transaction. This type of agreement protects the parties involved by providing a financial safety net. 4. Release Escrow Agreement: When a transaction involves staged or scheduled payments, a release escrow agreement may be established. This agreement determines when and how the funds will be released from escrow, typically based on specific milestones or completion of certain contractual obligations. It is essential to carefully review the specific terms and provisions of the Wake North Carolina Escrow Agreement, as it may vary depending on the individual circumstances of the transaction. Consulting with legal professionals is highly recommended ensuring compliance and understanding of all the obligations and rights related to the agreement.

The Wake North Carolina Escrow Agreement is a legally binding document that outlines the terms and conditions of an escrow arrangement between The Trident Group, Inc., the Finger Security holders, Stuart Schloss, and Bankers Trust Co. This agreement is designed to protect the interests of all parties involved in a financial transaction, particularly in cases where large sums of money or assets are being held in escrow. The purpose of the Wake North Carolina Escrow Agreement is to establish a secure and transparent process for the deposit, release, and management of funds or assets. It ensures that all involved parties comply with the agreed-upon terms, preventing any potential disputes or misunderstandings. Under this agreement, The Trident Group, Inc. entrusts Bankers Trust Co. as the escrow agent to hold the funds or assets until the agreed-upon conditions for their release are met. The Finger Security holders and Stuart Schloss, as beneficiaries of the escrow arrangement, rely on the escrow agent to safeguard their interests and ensure the smooth execution of the transaction. The Wake North Carolina Escrow Agreement may consist of different types depending on the specific circumstances of the financial transaction. Some possible variations include: 1. Deposit Escrow Agreement: This type of escrow agreement is utilized when funds or assets are being deposited into escrow as part of a purchase, sale, or other financial transaction. It details the terms for the release of the BS crowed funds or assets to the appropriate party once all conditions have been met. 2. Contingency Escrow Agreement: In certain situations, an escrow agreement may include contingency clauses. This type of agreement outlines specific conditions that must be fulfilled before the funds or assets are released from escrow. It allows for the mitigation of risks associated with the transaction, ensuring that all parties are protected. 3. Hold back Escrow Agreement: A hold back escrow agreement is used when funds are withheld from the total amount being transferred. These funds are held in escrow for a predetermined period to cover any potential liabilities or claims that may arise after the initial transaction. This type of agreement protects the parties involved by providing a financial safety net. 4. Release Escrow Agreement: When a transaction involves staged or scheduled payments, a release escrow agreement may be established. This agreement determines when and how the funds will be released from escrow, typically based on specific milestones or completion of certain contractual obligations. It is essential to carefully review the specific terms and provisions of the Wake North Carolina Escrow Agreement, as it may vary depending on the individual circumstances of the transaction. Consulting with legal professionals is highly recommended ensuring compliance and understanding of all the obligations and rights related to the agreement.