Examples of Second Escrow Agreement in a sentence
Within 46 days after paying its respective share of the Class Escrowed Funds, Philip Morris shall provide security in addition to its Existing Bond by depositing an additional $1,200,000,000 into a second, separate restricted escrow in accordance with the terms of an escrow agreement substantially similar to the form of Escrow Agreement attached hereto as Exhibit B (the "Second Escrow Agreement," and together with the First Escrow Agreement, the "Escrow Agreements").
It covers an area stretching from the English Channel to the border of London, and from the Kent coast to Berkshire, Hampshire and the Isle of Wight.
The plaintiff says that the Second Escrow Agreement was signed by Yap on behalf of Aurora BVI, and that Yap instructed Oxon Law to remit the sum of $3,303,072 to Fundnel.
With respect to the First Escrow Agreement and the Second Escrow Agreement, the Buyer and the Seller agree to make such changes to such Escrow Agreements as the Escrow Agent may reasonably request provided that no such change shall affect the substantive rights and obligations of the Seller and the Buyer to each other under the First Escrow Agreement or the Second Escrow Agreement.
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.