Initial Escrow Agreement definition

Initial Escrow Agreement means the escrow agreement described in Section 3, the form of which is attached as Exhibit 1.

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Initial Escrow Agreement means the agreement to be entered into between the Initial Escrow Agent, ▇▇. ▇▇▇▇▇’▇, and Lead Counsel that shall govern the Initial Escrow Account, which shall provide, among other things, that no disbursement may be made from the Initial Escrow Account other than by written instructions signed by both a designated representative of ▇▇. ▇▇▇▇▇’▇ and a designated representative of Lead Counsel.

Initial Escrow Agreement means the agreement to be entered into among the Initial Escrow Agent, certain of the Settling Defendants and their counsel as the Settling Defendants so designate, and Lead Counsel that shall govern the Initial Escrow Account which shall provide, among other things, that no disbursement may be made from the Initial Escrow Account other than by written instructions that shall be signed by (i) designated representatives of the Settling Defendants; (ii) ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇ LLP (“▇▇▇▇▇▇”); and (iii) no less than two designated representatives for Lead Counsel, as provided in the Initial Escrow Agreement.

Examples of Initial Escrow Agreement in a sentence

• The Initial Escrow Deposit shall be held in an interest-bearing account and disbursed by Initial Escrow Agent pursuant to the terms of an escrow agreement in the form attached hereto as Exhibit 1 (the "Initial Escrow Agreement"), which Initial Escrow Agreement has been entered into by Seller, Buyer and Initial Escrow Agent simultaneously herewith.

• The Compensation Shares subject to the Initial Escrow Agreement shall be referred to as “Initial Escrow Shares”.

• Exhibit B to the Initial Escrow Agreement is hereby amended to read in its entirety as set forth in Exhibit 1 hereto.

• On or prior to 10:00 A.M., New York City time, on the Special Mandatory Redemption Date, the Company shall direct the Initial Escrow Agent in writing, pursuant to Section 2(a) of the Initial Escrow Agreement, to deposit with the Paying Agent the applicable Special Mandatory Redemption Price.

• The term of the Initial Escrow Agreement shall be for eleven months and twenty (20) days commencing on the Closing Date (“Initial Escrow Period”).

• This Amendment, the Initial Escrow Agreement, and the instruments to be delivered by the parties pursuant to the provisions of this Amendment and the Initial Escrow Agreement constitute the entire Escrow Agreement between the parties and shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, successors and permitted assigns.

• The Escrow Amount will be considered a portion of the Purchase Price (as defined below) and will be delivered as set forth in the Initial Escrow Agreement and this Section 2.

• Pursuant to the Initial Escrow Agreement, the Initial Escrow Agent will hold the Escrow Amount in trust for the benefit of the Buyers until returned to the Buyers or delivered to the Sellers as herein required.

• Upon receiving the $260,000 balance of the Purchase Price from Buyers, Initial Escrow Agent will immediately forward such funds to the Sellers in accordance with the Initial Escrow Agreement.

• As a condition precedent to the execution of this Option Agreement, Optiongrantor has entered into the Option Escrow Agreement in the form attached hereto as Exhibit C and has provided to the Escrow Agent irrevocable instructions to transfer the Option Securities subject to the Initial Escrow Agreement to the escrow account under the Option Escrow Agreement upon the disbursement of the Escrow Shares (as defined in the Initial Escrow Agreement) in accordance with Section 3 of the Initial Escrow Agreement.

More Definitions of Initial Escrow Agreement

Initial Escrow Agreement means the escrow agreement dated June 5, 2003 among the Company, ▇▇▇▇ & ▇▇▇▇▇▇▇ Holdings Corp., the Initial Escrow Agent and the Trustee.

Initial Escrow Agreement means the agreement, dated the dated hereof, among the parties and the Escrow Agent, a copy of which is annexed as EXHIBIT I hereto.

Initial Escrow Agreement means the Escrow Agreement, dated as of April 11, 2025, by and among the Escrow Issuer, the Trustee, and the Escrow Agent.

Initial Escrow Agreement means the escrow agreement among PetroHunter Energy, Seller, Sweetpea Petroleum Pty Ltd, Falcon, Purchaser, Falcon Oil & Gas Pty. Ltd., and Escrow Agent, to be executed on the Acceptance Date in the form attached hereto as Exhibit A.

Initial Escrow Agreement means an escrow agreement among the Purchaser, Crest, the Agents and the Escrow Agent to be prepared by the Purchaser which shall provide that if this Agreement is terminated pursuant to Section 9(c)(i) or Section 9(c)(ii) the Escrow Agent shall promptly pay to Crest the amount of $7 million and which agreement shall otherwise be reasonably satisfactory to the Purchaser, Crest and the Agents.