Definition of Closing Adjustment Escrow Account


Closing Adjustment Escrow Account means the escrow account to be established with the Escrow Agent on the Closing Date pursuant to the Escrow Agreement to secure any payments to be made by the Sellers pursuant to Section 2.6(b).

Examples of Closing Adjustment Escrow Account in a sentence

At the Closing, (x) a portion of the Earnest Money Deposit equal to the Indemnification Escrow Amount shall be deposited into the Indemnification Escrow Account, (y) a portion of the Earnest Money Deposit equal to the Closing Adjustment Escrow Amount shall be deposited in the Closing Adjustment Escrow Account, and (z) the remainder of the Earnest Money Deposit shall be released to the Seller.