Common use of Establishment of Escrow Clause in Contracts

Establishment of Escrow. (a) In accordance with Section 3.03 of the Purchase Agreement, Buyer is depositing with Escrow Agent an amount equal to $660,000 in immediately available funds (the "Escrow Fund"). Escrow Agent acknowledges receipt thereof.

Appears in 2 contracts

Samples: Escrow Agreement (Acme Intermediate Holdings LLC), Escrow Agreement (Acme Television LLC)

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Establishment of Escrow. (a) In accordance with Section 3.03 of the Purchase Agreement, Buyer is depositing with Escrow Agent an the amount equal to of $660,000 4,000,000 in immediately available funds (as increased by any earnings thereon and as reduced by any disbursements, amounts withdrawn under Section 5(j) hereof, or losses on investments, the "Escrow Fund"). Escrow Agent acknowledges receipt thereof.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hydrochem International Inc), Escrow Agreement (Hydrochem International Inc)

Establishment of Escrow. (a) In accordance with Pursuant to Section 3.03 3.3 of the Purchase Agreement, Buyer Purchaser is depositing with Escrow Agent an amount equal to $660,000 1,875,000 in immediately available funds (as increased by any earnings thereon and as reduced by any disbursements, amounts withdrawn under Section 5(j), or losses on investments, the "Escrow Fund"). Escrow Agent acknowledges receipt thereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Overstock Com Inc)

Establishment of Escrow. (a) In accordance with Section 3.03 of the Purchase Agreement, Buyer is depositing with Escrow Agent, and Escrow Agent acknowledges receipt of, an amount equal to Four Million Dollars ($660,000 4,000,000) in immediately available funds funds, which amount, together with any Interest (as hereinafter defined), shall be referred to herein as the "Escrow Fund"). Escrow Agent acknowledges receipt thereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Reliant Building Products Inc)

Establishment of Escrow. (a) In accordance with Section 3.03 of the Purchase Agreement, a. Buyer is depositing with Escrow Agent an amount equal to $660,000 150,000 in immediately available funds (as increased by any earnings thereon and as reduced by any disbursements, amounts withdrawn under Section 3(c), or losses on investments, the "Escrow Fund"). Escrow Agent acknowledges receipt thereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cherokee International LLC)

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Establishment of Escrow. (a) In accordance with Section 3.03 of the Purchase Agreement1.1 Upon execution hereof, Buyer is depositing with hereby delivers to the Escrow Agent an the amount equal to of $660,000 6,000,000 (such amount, together with any interest, dividends and other income earned thereon, the “Escrowed Funds”), in immediately available funds (the "Escrow Fund")funds. The Escrow Agent hereby acknowledges receipt thereofof the Escrowed Funds.

Appears in 1 contract

Samples: Form of Escrow Agreement (United Western Bancorp Inc)

Establishment of Escrow. (a) In accordance with Section 3.03 of the Purchase Agreement, Buyer is depositing with Escrow Agent an amount equal to Two Hundred Fifty Thousand Seven Hundred Twenty-Two Dollars ($660,000 250,722) in immediately available funds (as reduced by any disbursements withdrawn under Section 4(h), the "Escrow FundEscrowed Funds"). Escrow Agent acknowledges receipt thereof.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (LSB Industries Inc)

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