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
Florida Indemnification Agreement establishing Escrow Reserve
Category:
State:
Multi-State
Control #:
US-CC-17-217
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Establishing Escrow Reserve?
Are you in the place in which you need to have paperwork for sometimes organization or person uses just about every working day? There are plenty of lawful file templates available online, but getting versions you can rely isn`t straightforward. US Legal Forms offers 1000s of kind templates, just like the Florida Indemnification Agreement establishing Escrow Reserve, that are created to satisfy state and federal specifications.
Should you be already informed about US Legal Forms site and get a merchant account, merely log in. Afterward, you are able to obtain the Florida Indemnification Agreement establishing Escrow Reserve template.
If you do not have an accounts and would like to begin using US Legal Forms, adopt these measures:
- Discover the kind you need and ensure it is for the correct town/area.
- Utilize the Review key to check the shape.
- See the description to ensure that you have selected the appropriate kind.
- In the event the kind isn`t what you are trying to find, make use of the Search discipline to find the kind that suits you and specifications.
- If you get the correct kind, click Buy now.
- Select the costs prepare you need, submit the necessary information to produce your money, and pay money for your order utilizing your PayPal or bank card.
- Decide on a convenient document file format and obtain your version.
Get every one of the file templates you have bought in the My Forms food selection. You can obtain a more version of Florida Indemnification Agreement establishing Escrow Reserve any time, if needed. Just select the necessary kind to obtain or print the file template.
Use US Legal Forms, the most comprehensive collection of lawful kinds, to save lots of time as well as avoid blunders. The assistance offers appropriately produced lawful file templates which you can use for an array of uses. Generate a merchant account on US Legal Forms and initiate generating your lifestyle a little easier.
Form popularity
FAQ
Ing to Florida laws, Statutes 651.033, money must be deposited into an escrow account with a qualified financial institution such as a bank, title company, trust company, credit union, or a savings or loan association.
In Florida, the state law adopted mandatory rules regarding the duties of escrow brokers. As provided by Florida Statutes (Section 475.25) and Florida's Administrative Code, brokers must comply with all legal provisions to avoid liability.
In Florida, the state law adopted mandatory rules regarding the duties of escrow brokers. As provided by Florida Statutes (Section 475.25) and Florida's Administrative Code, brokers must comply with all legal provisions to avoid liability.
Is an escrow account required if I'm buying a house without a mortgage? No. Mortgage escrow accounts are typically only required with certain types of loans ? if you're not financing your home purchase with a mortgage loan, it's not a requirement.
Waiving Escrows What's important to know is that some escrow accounts are not required, while others are. Government loans such as FHA and USDA programs require escrow accounts. On conventional loans, however, they're optional.
A Standard Clause that sets out the basic terms and conditions by which the contract parties agree to hold a portion of the contract consideration such as the purchase price with a third-party escrow agent to satisfy the seller's indemnification, warranty, or other contract obligations.
Escrows are useful for transactions where a large amount of money is involved, and several obligations must be fulfilled before payment is released. For example, escrow is used in real estate for the sale and purchase of a property. It is also often used in mergers and acquisitions and other corporate transactions.
The funds are deposited into an escrow account with a bank, trust company, title company, credit union, or saving and loan. Escrow accounts in Florida are usually held with a title company.