Examples of Purchase Price Escrow Amount in a sentence
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 Buyers acknowledge that the Senior Executive Bonus Amount will have been accrued as of the Closing as if the full amount of the Purchase Price Escrow Amount or the Indemnity Escrow Amount will be released to the Sellers; to the extent any portion of such amounts are released to the Buyers, the Buyers shall promptly remit to the Sellers, as an additional payment of purchase price, the related portion of the sales transaction bonuses not payable to the individuals in question.
The Purchase Price Escrow Bank shall not release any of the Purchase Price Escrow Amount except as provided in this Clause 4 and the Purchase Price Escrow Agreement.