Common use of Escrow Procedures Clause in Contracts

Escrow Procedures. The parties hereto agree that their respective rights and obligations with respect to the Indemnity Escrow Account, including the funding of the requisite amounts into the Indemnity Escrow Account, the procedure for the making of claims against the amounts in the Indemnity Escrow Account and the release of such amounts from the Indemnity Escrow Account, shall be governed by, and subject to the terms and provisions of, this Agreement and the Escrow Agreement.

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Actua Corp), Merger Agreement (Actua Corp)