Indemnification Escrow Amount definition

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

Indemnification Escrow Amount means $1,500,000.

Indemnification Escrow Amount shall have the meaning set forth in Section 2.10(b)(ii).

Examples of Indemnification Escrow Amount in a sentence

• The Indemnifying Party shall have the right, at its option to assume the defense of any such Claim with its own counsel, reasonably satisfactory to the Indemnified Party, provided that Shareholders may not assume the defense of any Claim unless there are sufficient amounts in the Indemnification Escrow Amount to fully indemnify Purchaser Indemnified Parties against the amount of such Claim and all other pending Claims against the Escrow Amount.

• The Indemnification Escrow Amount then remaining in escrow shall serve as the sole and exclusive source of payment of any Indemnification Claim pursuant to Section 11.02(a).

• ACE Hi shall be solely responsible for payment of all Taxes with respect to any interest or income earned on or dividends paid with respect to the GB Indemnification Escrow Amount.

• Except in the case of claims of Fraud and subject to Section 11.7, the Shareholders’ aggregate liability under Section 9.1(a) and Section 9.1(f) shall not exceed the amount of the Indemnification Escrow Amount.

• Any Losses payable to a Buyer Indemnitee pursuant to Section 8.2(a) (other than with respect to Fundamental Representations) shall be satisfied first from the disbursement of the Indemnification Escrow Amount until such amount has been exhausted, released or otherwise reserved in respect of a claim, in accordance with the terms and subject to the conditions of the Escrow Agreement, and thereafter by bringing a direct indemnification claim against the Sellers pursuant to the terms of this Article VIII.

More Definitions of Indemnification Escrow Amount

Indemnification Escrow Amount means $250,000.

Indemnification Escrow Amount means $5,000,000.

Indemnification Escrow Amount means seven million six hundred thousand dollars ($7,600,000).

Indemnification Escrow Amount means $8,691,000, which amount is to be deposited by Purchaser with the escrow agent pursuant to the Escrow Agreement, and held and released pursuant to the terms and subject to the conditions set forth in this Agreement and the Escrow Agreement. The Indemnification Escrow Amount may be increased as set forth in Section 5.16.

Indemnification Escrow Amount shall have the meaning ascribed to it in Section 2.3(b) hereof.

Indemnification Escrow Amount means $34,500,000.

Indemnification Escrow Amount has the meaning set forth in Section 2.6.