Texas Escrow and Security Agreement is a legal contract that outlines the terms between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A., pertaining to the handling and protection of funds or assets held in escrow. This agreement acts as a safeguard, setting forth specific conditions and obligations of the involved parties. Under this agreement, On Site Media, Inc. and Site-Based Media, Inc. entrust Citibank, N.A. to hold funds securely in an escrow account until predetermined conditions are met. The primary type of Texas Escrow and Security Agreement between these entities involves a financial agreement related to contract fulfillment. In this scenario, On Site Media, Inc. and Site-Based Media, Inc. may engage in a business transaction where the use of an escrow account is necessary, ensuring that both parties fulfill their obligations effectively. Key terms included in this agreement may consist of: 1. Deposit: On Site Media, Inc. and Site-Based Media, Inc. will deposit the agreed-upon funds into the escrow account held by Citibank, N.A. 2. Release Conditions: The agreement precisely outlines the conditions under which the funds are to be released from the escrow account. These conditions might include completion of certain project milestones, satisfactory product delivery, or adherence to specific contractual agreements. 3. Dispute Resolution: In the event of a disagreement between the involved parties, the Texas Escrow and Security Agreement will lay out the process for resolving disputes, which may involve mediation, arbitration, or litigation. 4. Termination: The agreement specifies the circumstances under which the escrow arrangement may be terminated, including completion of the contract, expiration of the agreed-upon period, or mutual agreement between On Site Media, Inc. and Site-Based Media, Inc. It is important to note that specific details and terminology within the Texas Escrow and Security Agreement may vary, depending on the exact nature of the transaction or the entities involved. In conclusion, the Texas Escrow and Security Agreement acts as a protective measure for On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A., ensuring secure handling and disbursement of funds or assets within the escrow account. This agreement serves as a crucial legal document, highlighting the responsibilities and expectations of each party involved.
Texas Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A.
Description
How to fill out Texas Escrow And Security Agreement Between On Site Media, Inc., Site-Based Media, Inc., And Citibank, N.A.?
You may commit time on the Internet attempting to find the authorized papers template that meets the federal and state needs you require. US Legal Forms supplies a large number of authorized kinds that are evaluated by pros. It is possible to acquire or print the Texas Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A. from our services.
If you already possess a US Legal Forms account, you are able to log in and click on the Download option. Following that, you are able to total, revise, print, or sign the Texas Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A.. Each and every authorized papers template you acquire is your own for a long time. To obtain another backup for any purchased develop, visit the My Forms tab and click on the corresponding option.
If you use the US Legal Forms website the very first time, follow the straightforward guidelines beneath:
- First, be sure that you have chosen the proper papers template for the region/metropolis that you pick. See the develop outline to make sure you have picked the correct develop. If offered, take advantage of the Preview option to check through the papers template at the same time.
- If you wish to discover another variation from the develop, take advantage of the Search field to discover the template that fits your needs and needs.
- When you have discovered the template you would like, simply click Get now to proceed.
- Find the rates strategy you would like, enter your accreditations, and register for your account on US Legal Forms.
- Total the purchase. You may use your bank card or PayPal account to cover the authorized develop.
- Find the formatting from the papers and acquire it to the system.
- Make changes to the papers if necessary. You may total, revise and sign and print Texas Escrow and Security Agreement between On Site Media, Inc., Site-Based Media, Inc., and Citibank, N.A..
Download and print a large number of papers layouts while using US Legal Forms website, which offers the largest variety of authorized kinds. Use skilled and state-certain layouts to deal with your small business or specific demands.
Form popularity
FAQ
A Software Escrow Agreement protects your investment by guaranteeing the long-term availability of third-party software and data while preserving the developer's Intellectual Property Rights (IPR).
A software escrow agreement is a legal arrangement between three parties: the software developer (licensor), the end-user (licensee), and an escrow agent.
Source code escrow is the deposit of the source code of software with a third-party escrow agent. Escrow is typically requested by a party licensing software (the licensee), to ensure maintenance of the software instead of abandonment or orphaning.
At its most basic definition, a software escrow agreement is a contract between a software supplier and their client. It is made so that the client is guaranteed access to the software source code under some specific conditions, including bankruptcy or insolvency of the supplier and software maintenance issues.
An escrow agreement is a contract that outlines the terms and conditions between parties involved, and the responsibility of each. Escrow agreements generally involve an independent third party, called an escrow agent, who holds an asset of value until the specified conditions of the contract are met.
A source code escrow agreement typically instructs the agent to release the source code to the licensee if and when a specified event occurs, such as the licensor becoming insolvent or defaulting on its maintenance obligations under the principal license agreement.
However, should a vendor have concerns about safeguarding IP, an escrow arrangement helps meet the requirements of both organizations. The objective of source code escrow is to ensure continued availability of software support and maintenance.
An escrow agreement is a contract that outlines the terms and conditions between parties involved, and the responsibility of each. Escrow agreements generally involve an independent third party, called an escrow agent, who holds an asset of value until the specified conditions of the contract are met.
A software escrow agree- ment allows the licensee to re- quest that the escrow agent release the source code of the product to the licensee so that the licensee may, at its own expense, make the necessary adjustments to the software to allow it to operate properly.