Indemnification Escrow definition

Indemnification Escrow has the meaning set forth in Section 3.1 of the Agreement.

Indemnification Escrow means the Escrow Account opened for the purpose of holding the Microfield Common Stock held back pursuant to Section 2.7.

Indemnification Escrow shall have the meaning assigned to it in Section 2.4.

Examples of Indemnification Escrow in a sentence

• The Indemnification Escrow Agreement shall have been executed and delivered and shall be in full force and effect.

• On the Effective Date (or as soon thereafter as is reasonably practicable), the Indemnification Escrow shall be funded in the amount of $20 million by ASARCO, Reorganized ASARCO, or the Plan Administrator, as the case may be.

• The fees and expenses of such counsel shall be paid out of the Indemnification Escrow.

• HL has designated Jeffrey Schwarz as the initial representative (the “HL Representative”) to represent the interests of the HL Shareholders after the Closing for purposes of approving amendments to this Agreement and the Indemnification Escrow Agreement, giving consents and approvals hereunder and thereunder, and making those determinations hereunder and thereunder that are specifically reserved to the HL Representative by the terms hereof and thereof.

• Such securities shall be considered Indemnification Escrow Shares for purposes hereof.

More Definitions of Indemnification Escrow

Indemnification Escrow means $15,000,000.

Indemnification Escrow means the portion of the Escrow Account designated for the Indemnification Escrow Amount to be held by the Escrow Agent in accordance with the terms of the Escrow Agreement.

Indemnification Escrow means the escrow account in the amount of $20 million to address Reorganized ASARCO’s anticipated indemnification obligations arising under the Plan or separate order of the Bankruptcy Court, to be established pursuant to Article 11.8(b) of the Plan.

Indemnification Escrow means the escrow account in the amount of $20 million to address Reorganized ASARCO’s anticipated indemnification obligations, pursuant to Article 11.8(b) of the Plan.

Indemnification Escrow shall have the meaning specified in Section 2.03(b).

Indemnification Escrow shall have the meaning in Section 1.5(c).

Indemnification Escrow has the meaning set forth in Section 2.2(c).