The Escrow Deposit. Escrow Agent shall hold the Escrow Funds until all funds have been disbursed in accordance with this Agreement (the “Term”) for the benefit of the Buyer. The Escrow Funds shall be deposited into the Escrow Account by the Company and the Buyer as set forth in the Securities Purchase Agreement. Upon each deposit into the Escrow Account, the Buyer shall provide to the Escrow Agent a completed Monitoring Fee Schedule in the form attached hereto as Exhibit A (a “Monitoring Fee Schedule”) with respect to such deposit into escrow setting forth the date and amount of such deposit and the schedule of disbursements to be made from escrow.
The Escrow Deposit. Escrow Agent shall hold and release the Cash Consideration as follows:
The Escrow Deposit. 1.2.1. On the date hereof, Shareholders have caused the Shares to be transferred to the separate securities accounts of the Escrow Agent set forth in Annex C attached hereto (together with any dividends thereon, the "Escrow Deposit").
The Escrow Deposit. 1.2.1. On the execution date of this Agreement, the Shareholders shall provide the Escrow Agent with the information and documents as detailed in Exhibit E.
The Escrow Deposit. Escrow Agent shall hold and release the -------------------- Xxxxxxxx Funds, Xxxxxxxx Shares, Xxxxxx Funds, Xxxxxx Shares, Xxxxxx Shares, and the Xxxxxx Shares (collectively, the "Deposited Assets") as follows:
The Escrow Deposit. Escrow Agent shall hold and release the ACC Shares as follows:
The Escrow Deposit. Escrow Agent shall hold and release the Escrow ------------------ Shares as follows:
The Escrow Deposit. On the date hereof, Buyer shall deliver to Escrow Agent for deposit in escrow pursuant to the provisions hereof, a stock certificate which stock certificate represents 13,235 shares (the number of shares equal to 15% of the Purchase Shares received by Seller pursuant to the terms of the Purchase Agreement) (the "Escrowed Shares"). The parties hereto acknowledge that upon any S-distribution of the Purchase Shares by Seller to its shareholders, the Escrowed Shares shall be transferred into the names of the Active Shareholders, with 6,617 Escrowed Shares being transferred into the name of Xxxxx Xxxxx and 6,618 Escrowed Shares being transferred into the name of Xxxx X.
The Escrow Deposit. The funds transferred to the Escrow Agent pursuant to Section 2.2(a) (the "Escrow Deposit") are to be held in accordance with the terms of the Escrow Agreement to secure the Seller's indemnification obligations as set forth in Section 13. Subject to the provisions of the Escrow Agreement, the Escrow Agent will release to the Seller:
The Escrow Deposit. Escrow Agent shall hold and release the First Certificate and the Second Certificate as follows:
