Examples of Purchase Price Escrow in a sentence
If the Date Operations Are Discontinued occurs prior to the Payment Date, then the Discounted Present Value of Installment Payment shall be paid by SEARHC to the Escrow Agent for further deposit into the Purchase Price Escrow Account in accordance with Section 1.7. If the Date Operations Are Discontinued occurs after the Payment Date, and before the tenth anniversary of the Closing Date, then the amount payable under this Section 6.21(b) shall be paid by SEARHC to the City.
The release of the amounts in the Purchase Price Escrow Account shall occur as described in this Agreement and the Escrow Agreement.
The Purchase Price Escrow Amount, together with the City Funded Escrow Amount, will be held in escrow as trust funds and shall not be subject to any Encumbrance, attachment, trustee process, or other judicial process of any creditor of any Person, other than SEARHC, and shall be held and disbursed solely for the purposes and in accordance with the terms of this Agreement and the Escrow Agreement.
Subscriber and the Partnership shall have the right to set off any claims made under Section Thirteenth, paragraph (b) above against the Adjusted Purchase Price Escrow Amount (as defined in Appendix A to the First Amendment).
Notwithstanding anything to the contrary herein, any obligation of Seller to Buyer for the post-closing adjustment under this Section 3.4 shall be limited to, and shall not exceed, the Purchase Price Escrow Amount, and Buyer shall have no claim against Seller for, or any recourse for recovery of, any amount beyond the Purchase Price Escrow Amount.
The Purchase Price Escrow Fund shall be held by the Escrow Agent under, and released pursuant to, the terms of the Purchase Price Escrow Agreement.
The CRVM and CARVM may be PBR methods, which may be gross premium reserves and may take into account certain expenses and other factors.
NOTE C—Product Support LiabilitiesProduct support liabilities consist of amounts accrued to meet product warranty obligations and deferred revenue and accrued costs associated with optional extended warranty and repair and maintenance contracts.
At the Initial Closing, the Sellers shall execute and deliver to the Buyers and the Buyers shall execute and deliver to the Sellers, the Purchase Price Escrow Agreement and each shall cooperate to cause the Escrow Agent to execute and deliver the Purchase Price Escrow Agreement.
The conclusions of the review group should be documented and retained in accordance with the requirements of CEL 31 ‘Records management: NHS Code of practice (Scotland)’.