Escrow Instructions definition
Examples of Escrow Instructions in a sentence
Sellers shall be obligated to deliver to Escrow Agent at the applicable Closing, an amount equal to one hundred fifty percent (150%) of the amount of Tenant Credits identified in the Pre-2024 CAM Recs that remain unpaid, which amount shall be held by Escrow Agent pursuant to the terms of the Escrow Instructions (the “Pre-2024 CAM Escrow”).
Subject to the terms of the Escrow Instructions, while held by the Escrow Agent, upon the request of Purchaser, the Deposit shall be placed in an interest-bearing account under Purchaser’s taxpayer identification number, and all interest so earned in connection with the Deposit shall be deemed a part of the Deposit and shall accrue to the benefit of the Party receiving the Deposit.
The stock certificate(s) representing the Vesting Shares, together with the executed Stock Assignment Forms, shall be held by the Escrow Agent pursuant to the Joint Escrow Instructions of the Company and Purchaser set forth in Exhibit D attached to this Agreement, which instructions are incorporated into this Agreement by this reference, and which instructions shall also be delivered to the Escrow Agent after the date hereof.