Escrow Amount definition
Examples of Escrow Amount in a sentence
Upon the rendering of a final, non-appealable judgment by a court of competent jurisdiction over the parties as to the validity and amount of any claim in such Claim Notice, if a Buyer Indemnitee is the Indemnitee the Indemnitee and the Indemnifying Party shall promptly direct the Escrow Agent to act in accordance with such decision and distribute cash in the Escrow Account from the Indemnity Escrow Amount in accordance therewith.
At the Closing, Parent shall, or shall cause to be delivered, the Escrow Amount in immediately available funds into a separate escrow account (the “Escrow Account”), such account to be established and maintained by the Escrow Agent pursuant to the terms and conditions of the Escrow Agreement, with such changes as may be required by the Escrow Agent and reasonably acceptable to Parent and the Seller Representatives.