DURATION AND TERM. The Indemnity Escrow shall be held, invested and disbursed by the Escrow Agent in accordance with the terms of the Indemnity Escrow Agreement. The Escrow Agent shall hold the Indemnity Escrow pursuant to the Indemnity Escrow Agreement until the later of: (a) the first Business Day following the Indemnity Termination Date; or (b) the resolution of any claim for indemnification or payment that is pending on the Indemnity Termination Date, but only to the extent of the amount of such pending claim.
Appears in 2 contracts
Sources: Asset Purchase Agreement (National Steel Corp), Asset Purchase Agreement (National Steel Corp)