Escrow Agreement definition
Examples of Escrow Agreement in a sentence
This Agreement, together with the Confidentiality Agreement, the Escrow Agreement, the Paying Agent Agreement and the Joinder Agreements, constitutes the entire agreement among the Parties pertaining to the subject matter of this Agreement and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written.
OPKO and Entera have entered into that certain Escrow Agreement, dated April 8, 2025, with U.S. Bank National Association, as escrow agent (the “Escrow Agreement”), pursuant to which the $8,000,000 paid to Entera for the Purchased Shares (the “Purchase Price”) was placed into the escrow account established under the Escrow Agreement.
This paragraph shall survive notwithstanding any termination of this Escrow Agreement or the resignation of the Escrow Agent.
To the extent that an Indemnified Party (as defined in the Escrow Agreement) asserts in writing a claim for damages against an Indemnifying Party (as hereinafter defined) prior to the expiration of the Indemnification Period, which claim reasonably identifies the basis for the claims and the amounts of any reasonably ascertainable damages, the Indemnification Period shall be extended for such claim until such claim is resolved, subject to the limitations hereinafter provided.
On the Closing Date, Purchaser shall, on behalf of the Sellers, pay to the Escrow Agent in immediately available funds, to the account designated by the Escrow Agent (the “Indemnity Escrow Account”), an amount equal to $321,750 (the “Indemnity Escrow Amount”), in accordance with the terms of this Agreement and the Escrow Agreement.