This followed the chairman of Enfield FC withdrawing from an outline agreement with the Supporters' Trust which would have seen the Trust take over the running of a debt-free club and receiving £100,000 from money from the sale of Southbury Road which was held in an escrow account by Enfield Council.
Escrow |
In January 2009 Dr. Harold Demuren, the director general of the Nigerian Civil Aviation Authority (NCAA), said that the families of the air crash victims would be compensated and that Sosoliso had already paid 2.3 million U.S. dollars into an escrow account to compensate the families.
Bankruptcy laws may interfere with the execution of a source code escrow agreement, if the bankrupt licensor's creditors are legally entitled to seize the licensor's assets – including the code in escrow – upon bankruptcy, preventing the release of the code to the licensee.