Oklahoma Indemnification Agreement establishing Escrow Reserve

State:
Multi-State
Control #:
US-CC-17-217
Format:
Word; 
Rich Text
Instant download

Description

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
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  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve
  • Preview Indemnification Agreement establishing Escrow Reserve

How to fill out Indemnification Agreement Establishing Escrow Reserve?

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FAQ

Contracts. §15-139. Seal - Necessity for seal abolished. All distinctions between sealed and unsealed instruments are abolished.

CHARACTERISTICS OF A CONTRACT ? Parties capable of contracting. ? Consent. ? A lawful object; can't involve illegal activity. ? Sufficient cause or consideration.

§15-221. "Construction agreement" defined - Limitations on liability arising out of death or bodily injury void - Exceptions.

Section 1083 - Response by state - Disposition of application A. Within thirty (30) days after the docketing of the application, or within any further time the court may fix, the state shall respond by answer or by motion which may be supported by affidavits.

Indemnity defined. Indemnity is a contract by which one engages to save another from a legal consequence of the conduct of one of the parties, or of some other person.

15, § 219A. Noncompetition agreements: Unlawful Contracts ? Oklahoma. Prohibits noncompete contracts except those written to protect the sale of goodwill of a business, dissolution of a partnership or those that prohibit only the direct solicitation of established customers of the former employer.

Civil Procedure. §12-39. Court clerk ? Prohibition of posting documents containing certain charges on court-controlled website.

A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the ...

A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the ...

In legal terms, an Act of Indemnity is a statute passed to protect people who have committed some illegal act which would otherwise cause them to be subjected to legal penalties.

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Oklahoma Indemnification Agreement establishing Escrow Reserve