Indemnification Escrow Account definition

Indemnification Escrow Account means the escrow account established pursuant to the Indemnification Escrow Agreement.

Indemnification Escrow Account shall have the meaning set forth in Section 2.10(b)(ii).

Indemnification Escrow Account has the meaning set forth in Section 3.4.

Examples of Indemnification Escrow Account in a sentence

• Amounts to be paid to Parent Indemnified Parties shall be paid solely from the Indemnification Escrow Account pursuant to the Indemnification Escrow Agreement and the terms hereof.

• At Closing, Seller shall fund an Indemnification Escrow Account from the Purchase Price proceeds, in the amount of seven hundred fifty thousand dollars ($750,000.00) (the “Indemnification Escrow Amount”) to be held by the Escrow Agent pursuant to the Indemnification Escrow Agreement to secure Seller’s indemnification obligations for the Survival Period, subject to the limitations of Section 8.1 and this Article 8.

• For the avoidance of doubt, neither the Sole Stockholder nor its members, owners, offices, employees or Affiliates, shall have any obligation to transfer or contribute any amounts (whether in cash, Subordinate Voting Shares, Multiple Voting Shares or any other item of value) to the Indemnification Escrow Account for any reason.

• In the event that the Subordinate Voting Shares available in the Adjustment Escrow Account are less than the required number of shares to satisfy the Merger Consideration Deficit, then such shortfall amount shall be deducted from the Indemnification Escrow Account and delivered to Parent.

• All recoverable Losses shall be first applied to the Indemnification Escrow Account.

More Definitions of Indemnification Escrow Account

Indemnification Escrow Account is defined in Section 3.02(e).

Indemnification Escrow Account means one or more accounts maintained by the Escrow Agent in which the Indemnification Escrow Amount is deposited in accordance with the Escrow Agreement.

Indemnification Escrow Account means the account designated by the Escrow Agent into which the Indemnification Escrow Amount is to be deposited pursuant to

Indemnification Escrow Account means the account into which the Escrow Amount is deposited by Parent at Closing and which shall be held and administered by the Escrow Agent pursuant to the Escrow Agreement.

Indemnification Escrow Account is defined in Section 1.10(a).

Indemnification Escrow Account means the account established by the Escrow Agent pursuant to the terms of the Escrow and Paying Agent Agreement to cover Seller’s indemnification obligations under Section 9.02.

Indemnification Escrow Account means the account or accounts which shall have been designated in a writing delivered to Buyer prior to Closing by the Indemnification Escrow Agent and Sellers.