Adjustment Escrow Fund definition

Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Adjustment Escrow Fund shall have the meaning set forth in Section 1.2(b).

Adjustment Escrow Fund has the meaning set forth in Section 1.8.

Examples of Adjustment Escrow Fund in a sentence

On the Closing Date, Parent shall cause to be delivered to the Escrow Agent as a contribution to the Adjustment Escrow Fund and the Indemnification Escrow Fund on behalf of the Indemnitors, a dollar amount in cash equal to the Adjustment Escrow Amount and a dollar amount in cash equal to the Indemnification Escrow Amount.
Each of the Adjustment Escrow Fund and the Indemnification Escrow Fund: (a) shall be held by the Escrow Agent in accordance with the terms of this Agreement and the terms of the Escrow Agreement; (b) shall not be subject to any Encumbrance, attachment, trustee process or other judicial process of any creditor or any other Person; and (c) shall be held and disbursed solely for the purposes and in accordance with the terms of this Agreement and the Escrow Agreement.
None of the Adjustment Escrow Fund (or any portion thereof) or the Indemnification Escrow Fund (or any portion thereof), or any beneficial interest in either the Adjustment Escrow Fund or the Indemnification Escrow Fund, may be pledged, subjected to any Encumbrance, sold, assigned or transferred by any Indemnitor.

More Definitions of Adjustment Escrow Fund

Adjustment Escrow Fund means a fund to be established by the Escrow Agent, in which the Adjustment Escrow Cash will be deposited, to be held and delivered in accordance with Section 1.4.

Adjustment Escrow Fund means the Adjustment Escrow Amount paid to the Escrow Agent, and any interest earned thereon, which shall be maintained and administered by the Escrow Agent in accordance with the Escrow Agreement to provide a source of funds for the payment of the amounts owing to Purchaser or the Sellers, as applicable, under Section 2.4(d).

Adjustment Escrow Fund means the Adjustment Escrow Amount together with all earnings, if any, thereon.

Adjustment Escrow Fund has the meaning given to such term in the Escrow Agreement.

Adjustment Escrow Fund means at any time, the aggregate funds and other assets then held in the escrow account established by depositing the Adjustment Escrow Amount with the Escrow Agent in accordance with the Escrow Agreement to partially secure the payment of the Downwards Adjustment Amount, if any.

Adjustment Escrow Fund means the portion of the Adjustment Escrow Amount held by the Escrow and Paying Agent in accordance with this Agreement and the Escrow Agreement, together with all interest, if any, earned from investment of such amounts.

Adjustment Escrow Fund means the Adjustment Escrow Amount withheld in accordance with Section 2.2(b), and if applicable, any earnings including interest on the Adjustment Escrow Amount.