HomeMy WebLinkAbout05-19-10 (23)~~ l
RECEIPT OF DISTRIBUTION. RELEASE AND INDEMNITY AGREEMENT
This receipt, release, and indemnity agreement (hereinafter called the "RELEASE") is
given this day o~ 2009, by:
Yellow Breeches EMS, Inc
(hereinafter ailed the "CLAIMANT") to and in favor of KEYSTONE
GUARDIANSHIP S)~RVICES, (ADMINISTRATOR) of the CYNTHIA N. STAGER
ESTATE (hereinafter!ealled `'ADMINISTRATOR").
For the purpos~ of inducing the ADMINISTRATOR to make the distribution described
herein, and intending t be legally bound, the Claimant hereby represents, warrants, convenants
and agrees as follows: !~
1. Acknowledgment f Receipt -The Claimant acknowledges that he will receive of and from
the Fiduciary the ollowing securities upon returning this Receipt & Release document
properly signed, wi essed and notarized to the department.
- In the form of a check in the amount of $77.58
2. Release -AND TI~REFORE, the Claimant hereby does by these presents remise, release,
quit-claim, and fore er discharge the said Administrator, their heirs, successors and assigns of
and from the said ayments to me and of and from all actions, suits, payments, accounts,
reckonings, claims and demands whatsoever, for or by reason thereof, or of any other act,
matter, cause or thi Q whatsoever.
3. Indemnity Agreement -The Administrator has indicated a willingness to make a distribution
without the adjudic tion by the Cburt.~a,Accordingly, the Claimant agrees to indemnify the
Administrator and bold them harmless, to the extent of any funds or assets received by the
Claimant from the administrator hereunder, from and against the Claimant's pro rata share of
any and all liability (including attorney's fees and other costs or expenses of defense) to
which the Administrator may be subjected by reason of its administration of the account. In
connection with thin Agreement, the.Gaimant agrees to:
a) Refund or retu ,promptly upon the Administrator written demand, any funds or assets
distributed by t e Administrator to the Claimant, if the distribution thereof is determined
at any time to h ve been an erroneous or negligent distribution to the Claimant, whether
such error or negligence was or was claimed to have been premised upon a mistal~of
law or of fact.
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b) Modify and di'place any otherwise applicable period limiting the time within which the
Administrator action to collect an erroneous or negligent distribution must be
commenced, s as to provide that the Administrator need not commence an action to
collect an erro eons or negligent distribution to the Claimant until two (2) years after
such time as a Administrator shall have obtained actual knowledge of such error or
negligence.
4. Miscellaneous - Tl~e construction, effect, validity and performance of this Release shall be
governed in all respects by the laws of the Commonwealth of Pennsylvania.
The provisions of this Release shall be deemed severable in the event that one or more
thereof shall be deemed invalid or unenforceable, with the effect that the remaining
provisions shall pe#sist as if such invalid or unenforceable provision had never been a part
hereof.
This Release shall bind the Claimant his heirs, representatives, successors, and assigns
together with any children with respect to whom the Claimant is a natural guardian.
IN WITNESS WI~REOF, the Claimant has executed and sealed this Release on the date
first above inscribe and the presence of at least two (2) witnesses.
WITNESSES:
(/W)'IT~NE~SS~ONE) I,
py~~~~l Uhf I ~~G
(WITNESS TW
BY:
Yellow Breeches EMS, Inc
thorized ep ntative of Claimant
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