Second Escrow Account definition

Second Escrow Account means the separate escrow account at City National Bank into which 50% of the Settlement Amount is to be deposited for the benefit of the Class.
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Second Escrow Account means the separate escrow account controlled by a national banking institution designated by the Lead Plaintiff, and acceptable to ANR (which acceptance shall not be unreasonably withheld), into which the Settlement Amount in the Escrow Account, less notice and administrative expenses already paid, will be transferred immediately following the entry of the Judgment or Alternative Judgment and which shall be fully vested in and for the benefit of the Settlement Class.
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Second Escrow Account has the meaning set forth in Section 2.2(a).
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Examples of Second Escrow Account in a sentence

  • Except as otherwise provided herein, the Settlement Fund shall be held in the Escrow Account or the Second Escrow Account, as the case may be, until the Effective Date.

  • Any remaining amounts held in the Second Escrow Account shall be released to the Company on 30 January 2004.

  • The assets of First Escrow Account, the Second Escrow Account and Third Escrow Account shall be held in separate and distinct accounts by the Escrow Agent pursuant to the Escrow Agreement.

  • The Second Escrow Account will be established by Parent, Merger Sub and the Stockholders at the time of Closing, and $2,000,000 of the Merger Consideration proceeds shall be deposited in the Second Escrow Account, all pursuant to the Second Escrow Agreement attached hereto as Exhibit C-2.

  • The amounts in the Second Escrow Account shall be distributed in accordance with the instructions set forth on Schedule 12.14.

  • The difference (if any) between the Estimated Amount and the amount standing to the credit of the Second Escrow Account at the Second Release Date shall be released to the Warrantors, LDC and the Management Shareholders in the proportions set opposite their names at column (16) of Part 3 of Schedule 1.

  • The Escrow Agent will hold the Working Capital in the Second Escrow Account.

  • The Escrow Amount and the Second Escrow Amount will be disbursed from the Escrow Account or the Second Escrow Account by the Escrow Agent in accordance with the terms of Section 11.6 of this Agreement, the Escrow Agreement and the Second Escrow Agreement.

  • The Parties agree that the Escrow Agent is only entitled to release an amount from the Second Escrow Account to the Company submits to the Escrow Agent a written certificate (i) stating the amount and describing the nature of the Stranded Costs incurred and (ii) confirming that the Company shall utilise the amount to be released exclusively for paying or reimbursing the Company for such Stranded Costs.

  • If the amount of the Shortfall exceeds the amount standing to the credit of the First Escrow Account (the “Excess”) then such Excess shall be paid to the Company from the Second Escrow Account.


More Definitions of Second Escrow Account

Second Escrow Account has the meaning specified in Section ‎3.4(b)(i).
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