Holdback Escrow Funds definition

Holdback Escrow Funds means, as of any date of determination, the excess (if any) of the Holdback Escrow Amount over the sum of all distributions and other payments to any Person from the Holdback Escrow Account paid pursuant to the terms of the Holdback Escrow Agreement on or prior to such date of determination.
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Holdback Escrow Funds shall have the meaning set forth in Section 3.3(i).
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Holdback Escrow Funds shall have the meaning ascribed in Section 5.3.
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Examples of Holdback Escrow Funds in a sentence

  • Agent shall invest the Holdback Escrow Funds in such investments, or types thereof, as shall be designated in writing by Seller in an interest bearing account, in a financial institution which has FDIC insurance covering up to $100,000 of such funds.

  • The Holdback Escrow Funds shall be used to satisfy any entitlement of Buyer pursuant to this Agreement.

  • Subject to the last sentence of the first paragraph of this Section 10.F, if Purchaser does not notify Seller of a Claim during the Survival Period or file a lawsuit regarding such Claim prior to the expiration of the Filing Period, then the Holdback Escrow Funds shall promptly be released to Seller.

  • Subject to the last sentence of the first paragraph of this Section 10.F, if Purchaser notifies Seller of a Claim during the Survival Period and files a lawsuit regarding such Claim prior to the expiration of the Filing Period, then upon the expiration of the Filing Period, the Holdback Escrow Funds shall be reduced to an amount equal to 125% of the reasonable value of Purchaser’s Claim(s) against Seller asserted in such lawsuit and the excess amount, if any, shall promptly be released to Seller.

  • Notwithstanding anything set forth herein to the contrary, in no event shall any portion of the Holdback Escrow Funds be released to Seller unless and until the Relocation Agreement has expired or Seller’s obligations thereunder have been satisfied.

  • Drawing shall show dimensions of pumping unit and its components including bowl assembly, column assembly, tube and shaft assembly, discharge head assembly, motor, and related appurtenances.

  • In addition, as security for Seller's post-Closing obligations, Buyer and Seller at the Closing Date shall enter into a Holdback Escrow Agreement ("Holdback Escrow Agreement") in the form of Exhibit "M" attached hereto, pursuant to which a portion of the Purchase Price equal to the Liability Cap Amount ("Holdback Escrow Funds") shall be deposited into an escrow account with Escrow Agent, to be applied and released subject to the terms and conditions set forth therein.

  • Upon execution and delivery of this Agreement by Purchaser and Seller, Purchaser shall deposit the Holdback Escrow Funds into the Escrow Account held by the Escrow Agent on behalf of Purchaser and Seller in accordance with the Escrow Agreement as security for Seller’s payment of any Non-Solicitation Claim Adjustments and/or claims by Purchaser under ARTICLE VII.

  • While the Middle East continued to be the largest regional market in MY2019/20, the importance of Asian markets is growing driven primarily by the three-fold increase in exports to China (Graph 8).

  • The Purchase Price and such other funds as may be necessary to pay Buyer's expenses hereunder, subject to closing adjustments, shall be deposited with the Escrow Agent on or before the Closing Date in accordance with this Agreement and paid to Seller (less the Holdback Escrow Funds to be held by Escrow Agent and disbursed in accordance with the Holdback Escrow Agreement) upon satisfaction of all conditions precedent to the Closing as described herein.


More Definitions of Holdback Escrow Funds

Holdback Escrow Funds means One Million and NO/100 U.S. dollars ($1,000,000.00).
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Related to Holdback Escrow Funds

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Amount means $3,000,000.

  • Escrow Cash is defined in Section 4.1(a).

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

  • Indemnification Escrow Fund means the Indemnification Escrow Amount deposited into escrow pursuant to the Escrow Agreement, together with any interest and income earned thereon.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Working Capital Escrow Amount means $1,000,000.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Holdback Shares has the meaning set forth in Section 2.5(b)(v).

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Escrowed Property has the meaning set forth in the Escrow Agreement.