Indemnity Escrow Account definition

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.

Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

Indemnity Escrow Account has the meaning set forth in Section 1.2(d).

Examples of Indemnity Escrow Account in a sentence

• The Court should direct the release of all remaining amounts in the Indemnity Escrow Account to the Reorganized Debtors.

• This amount, however, does not represent the total amount owed to the Purchaser and, as a result, approximately $2 million of sale proceeds rightfully belonging to the Reorganized Debtors remain in the Indemnity Escrow Account.

• Only once the Insurers commit to honor their obligations will the Purchaser agree to the release of the remaining amounts in the Indemnity Escrow Account.

• The Reorganized Debtors submit3 The Reorganized Debtors recognize that at the March 1, 2023 status conference, this Court indicated that should the Reorganized Debtors desire to proceed with an action to compel release of the funds held in the Indemnity Escrow Account, the Reorganized Debtors could file their own motion to such effect.

• Notwithstanding, and for the avoidance of doubt, the Reorganized Debtors reserve all rights to file any subsequent or further motion relating to the Indemnity Escrow Account and to seek to have such motion heard on an expedited basis.that, in light of the nature of the relief requested, no other or further notice need be given.

More Definitions of Indemnity Escrow Account

Indemnity Escrow Account has the meaning set forth in Section 1.06.

Indemnity Escrow Account shall have the meaning as set forth in Section 2.8.

Indemnity Escrow Account means the account into which the Indemnity Escrow Amount is deposited.

Indemnity Escrow Account has the meaning set forth in Section 1.9(a).

Indemnity Escrow Account has the meaning set forth in Section 2.8(b).

Indemnity Escrow Account has the meaning specified in the Escrow Agreement.

Indemnity Escrow Account means the separate account in which the Escrow Agent will hold the Indemnity Escrow Amount.