Initial Escrow Assets definition
Examples of Initial Escrow Assets in a sentence
Section 11.1 Notices 33 Section 11.2 Severability 34 Section 11.3 Modifications 34 Section 11.4 Counterparts 34 Section 11.5 Entire Agreement 34 Section 11.6 Benefits of Agreement 34 Section 11.7 Headings 35 Section 11.8 Dealings by Escrow Agent 35 Section 11.9 Governing Law and Venue 35 EXHIBIT A Initial Escrow Assets 38 EXHIBIT B Contractual Liability Policies 39 This ESCROW AGREEMENT FOR CONTRACTUAL LIABILITY OBLIGATIONS effective March 11, 2011, by and among WORKERS’ ASSURANCE OF HAWAII, INC.
No further action is required to be taken by any of the Selling Parties, nor is it necessary for any of the Selling Parties to obtain any action, approval, consent or release by or from any third persons, governmental or other, to enable each of the Selling Parties to enter into and perform their respective obligations under this Agreement and such party's Non-Competition Agreement.
The Grantor hereby represents and warrants to the Beneficiary and the Escrow Agent that each of the Initial Escrow Assets is a Qualified Asset and, in the aggregate, have a Market Value of at least $ as of the date of transfer.
Company, N.A., as escrow agent (the “Escrow Agent”), and within twenty-one (21) calendar days after the date of this Agreement (the “Supplemental Escrow Deposit Date”), Holdco shall deposit with the Escrow Agent, or shall cause to be deposited with the Escrow Agent, an additional $24,321,771 in cash (the “Supplemental Escrow Assets” and together with the Initial Escrow Assets, the “Escrow Assets”).