Indemnity Escrow Account definition

Indemnity Escrow Account means the indemnity escrow account established by the Escrow Agent pursuant to the Escrow Agreement.

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

Indemnity Escrow Account means a bank account designated in writing by the Escrow Agent, into which the Indemnity Escrow Amount will be deposited.

Examples of Indemnity Escrow Account in a sentence

If Sellers’ Representative believes in good faith that Parent is not entitled to the disbursement from the Indemnity Escrow Account, then it may provide written notice of objection within five (5) days and following such objection notice the Escrow Agent shall only disburse the funds in accordance with the Escrow Agreement.
Notwithstanding anything in this Agreement to the contrary, 100% of the retention amount payable to the insurer under the RWI Policy shall be funded by disbursement of funds from the Indemnity Escrow Account.
Promptly following the final determination of the amount of indemnifiable Liabilities to which the Indemnified Party is entitled (whether determined in accordance with this Section 8.5(e) or by a court of competent jurisdiction), and subject to Section 8.6, such amount of indemnifiable Liabilities will be released from the Indemnity Escrow Account to the extent funds remain available and such Indemnity Escrow Account shall be the Indemnified Party’s sole source of recovery for all such Liabilities.
At Closing, Parent shall deposit an amount in cash equal to the sum of the Adjustment Escrow and the Indemnity Escrow in the Adjustment Escrow Account and the Indemnity Escrow Account, as applicable, pursuant to the terms of the Escrow Agreement, which accounts shall be administered and funds will be released therefrom only in accordance with the terms and provisions of this Agreement and the Escrow Agreement.

More Definitions of Indemnity Escrow Account

Indemnity Escrow Account shall have the meaning set forth in Section 2.7.

Indemnity Escrow Account means an account, set up pursuant to the Escrow Agreement, where the Indemnity Escrow Amount is held for disbursement by the Escrow Agent.

Indemnity Escrow Account has the meaning set forth in Section 1.1(d).

Indemnity Escrow Account means the account to be created pursuant to the Escrow Agreement in order to secure the Former Securityholders’ and MIP Participants’ obligations pursuant to Sections 7.10 and 10.2(b).

Indemnity Escrow Account has the meaning set forth Section 8.15(b).

Indemnity Escrow Account means the account into which the Indemnity Escrow Amount is deposited with the Escrow Agent and held by it, subject to disbursement as provided in Sections 2.7 and 11.3 below and in the Escrow Agreement.

Indemnity Escrow Account has the meaning set forth in the Indemnity Escrow Agreement.