Citibank Form Statement With Stamp

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-2322
• Format: Word; Rich Text

Description

The Citibank form statement with stamp serves as a crucial document outlining the Escrow and Security Agreement dated February 3, 1993, between On Site Media, Inc., Site-based Media, Inc., and Citibank, N.A. This agreement stipulates the delivery and management of shares and related collateral to ensure compliance with indemnification obligations under the Stockholders' Agreement. Key features include the stipulation of execution and acknowledgment of share delivery, security interests granted for obligations, default procedures, and detailed duties of the escrow agent. Filling instructions specify how to correctly endorse stock certificates and deliver documents, while editing instructions focus on ensuring proper compliance with legal requirements. The document is particularly useful for attorneys managing equity transactions, partners and owners navigating financial responsibilities, associates conducting due diligence, paralegals preparing compliant documentation, and legal assistants coordinating communications among parties. Understanding the intricacies of this agreement can help these roles ensure that all obligations are met and mitigate potential disputes related to the collateral and indemnification duties.