Special Purpose Escrow Funds Clause Samples

Special Purpose Escrow Funds. Special Purpose Escrow Funds" shall mean, initially, the $2.0 million Bridge Financing Note issued in the name of the Escrow Agent and, following repayment of the Bridge Financing Notes, an amount in cash equal to the principal amount of such Bridge Financing Note (as determined pursuant to the Special Purpose Escrow Agreement) to be deposited with the Escrow Agent in accordance with Section 2.08.