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Contract analysis / wire-transfer-instructions-letter.docx
wire-transfer-instructions-letter.docx
High · 1
Medium · 1
Standard · 2
1. Escrow Account Information
1. Escrow Account Information All wire transfers of Settlement Funds should be directed to the Escrow Account using the following information: Please confirm that the account name and number set forth above correspond to the Escrow Account established under the Escrow Agreement. If any of the foregoing details require correction or amendment, we ask that you notify us immediately at the contact information provided i
2. Identification of Funding Sources and Expected Wire Transfers
Medium
⚑ Liability cap to check against exposure
2. Identification of Funding Sources and Expected Wire Transfers The Settlement Funds totaling $14,750,000.00 are expected to be deposited into the Escrow Account via two (2) separate wire transfers from distinct funding sources. The details of each expected wire transfer are set forth below. 2.1 Wire Transfer No. 1 — Ironclad Surety & Insurance Co. Originating Party: Ironclad Surety & Insurance Co. Address: 200 Park
3. Confirmation of Receipt
Standard
⚑ Commercial term
3. Confirmation of Receipt We respectfully request that Great Basin Trust Company, N.A., as Escrow Agent, provide written confirmation (by email or letter) to Calderwood & Harkness LLP promptly upon receipt of each wire transfer of Settlement Funds into the Escrow Account. Each confirmation should include the following information: (a) the date and time (Pacific Time) of receipt of the wire transfer; (b) the amount r
4. Disbursement Instructions
High
⚑ Non-compete / exclusivity restraint
4. Disbursement Instructions Please be advised that the disbursement of funds from the Escrow Account shall be governed exclusively by the terms and conditions of the Escrow Agreement dated January 6, 2025. No disbursement of any portion of the Settlement Funds shall be made by the Escrow Agent without the prior joint written instruction of the parties to the Escrow Agreement, or as otherwise expressly permitted unde
5. Contact Information for Questions
Standard
⚑ Commercial term
5. Contact Information for Questions Should you have any questions regarding the wire transfer instructions set forth in this letter, the Settlement Agreement, the Escrow Agreement, or any other matter relating to the above-referenced case, please do not hesitate to contact the following individuals: Primary Contact: Carlos Espinoza, Lead Associate Calderwood & Harkness LLP 333 South Grand Avenue, Suite 4800 Los Ange