General Indemnity Escrow Funds definition

General Indemnity Escrow Funds has the meaning referred to in Section 2.2(a)(ii).

General Indemnity Escrow Funds means, at any time, the portion of the General Indemnity Escrow Amount remaining in the General Indemnity Escrow Account.

General Indemnity Escrow Funds means the amount from time to time in the General Indemnity Escrow Account, including all Earnings thereon.

Examples of General Indemnity Escrow Funds in a sentence

• If the amount of the General Indemnity Escrow Funds is insufficient to pay any fees and expenses due to the Escrow Agent by Parent or the Securityholders Representative pursuant to this Escrow Agreement, then, upon written notice to Parent and the Securityholders Representative, the Escrow Agent may suspend performance of its obligations under this Escrow Agreement until it has been paid all such fees and expenses, without incurring any liability to any person.

• In the event that such adjustment is larger than the Working Capital Adjustment Escrow and the General Indemnity Escrow Funds, each Escrow Participant will pay to Parent such Escrow Participant’s Allocable Portion of such amount.

• If the amount of the General Indemnity Escrow Funds is insufficient to pay any fees and expenses due to the Escrow Agent by the Securityholders Representative pursuant to the foregoing sentence then the Securityholders Representative shall be obligated to collect such fees and expenses from the Securityholders pursuant to the Merger Agreement and remit such funds so collected promptly to the Escrow Agent.

• Any amounts deducted from the General Indemnity Escrow Funds due to non-payment by the Securityholders Representative pursuant to the foregoing sentence shall reduce any amounts payable to Payment Agent for disbursement to the Securityholders out of the General Indemnity Escrow Funds.

More Definitions of General Indemnity Escrow Funds

General Indemnity Escrow Funds means as of any date of determination, the excess (if any) of the General Indemnity Escrow Amount (plus any dividends, interest, distributions and other income received in respect thereof) minus the sum of all distributions and other payments to any Person on or prior to such date of determination from the General Indemnity Escrow Account.