Deposit in Escrow. Supplemental to the terms of the Purchase Agreement, on the Closing Date, BancPlus shall deposit or cause to be deposited into the Escrow Account with the Escrow Agent a certain amount of cash in immediately available funds from the Aggregate Cash Consideration (the “Escrow Amount”) equal to $10,000,000.
Appears in 3 contracts
Sources: Indemnity and Escrow Agreement (Bancplus Corp), Indemnification & Liability (Bancplus Corp), Indemnification & Liability (Bancplus Corp)