Fill and Sign the Form of Escrow Agent Agreement Secgov

ESCROW AGREEMENT (Governing the Deposit of Funds with Escrow Agent, to be Paid to Specified Party on a Certain Date) Principal: (Name and Address) Agent: (Name and Address) Effective Date: Simultaneously with signing this Escrow Agreement, Principal, named above, is delivering to Agent, named above, a check in the amount of $____ payable to Agent (the "Check"). Principal desires that Agent take possession of, deposit the Check, and pay out the funds represented by the Check in accordance with the following terms and provisions: 1. Upon signing this Agreement and the delivery of the Check by Principal to Agent, Agent shall deposit the Check in the following account at the banking institution indicated: (Name of Account, Account Number and Banking Institution with Full Address) 2. Agent will hold the amount represented by the Check in the described account until (Date). On (Date), during normal business hours, Agent will deliver to (Name of Third Party Payee) a check drawn on the described account in the amount of $____. 3. The funds represented by the Check will remain in the described account and will not be withdrawn prior to (Date). 4. Principal acknowledges that Agent has no personal or pecuniary interest in the matte r which is the basis of this Agreement and agrees to indemnify and hold Agent harmless from a nd against any claims, actions, demands, or suits which may arise as a result of the e xecution of this Agreement. Principal Agent