Sellers Escrow Account definition

Sellers Escrow Account means any escrow account established pursuant to the Sellers Escrow Agreement.
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Sellers Escrow Account means the account governed by the Sellers Escrow Agreement.
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Sellers Escrow Account means that certain account, maintained by Seller, for its sole benefit at Xxxxxx Title Company.
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Examples of Sellers Escrow Account in a sentence

  • For the avoidance of doubt, all Assumed Sale Liabilities shall become reinstated as liabilities and obligations of New CMLCV, and no consideration shall be payable from the Plan Funding Reserve, Sellers Escrow Account or the Estate under this Plan with respect to such Assumed Sale Liabilities.

  • At the Closing, the Sellers and the Companies shall assign to the Sellers Escrow Account or another entity or otherwise satisfy from the Sellers Escrow Account or pursuant to the Plan all liabilities of the Companies to the Sellers and their respective Affiliates (other than the Companies) (“Affiliate Liabilities”), such that from and after the Closing the Buyer shall not have any Affiliate Liabilities owed to either Seller or their respective Affiliates.

  • Within five (5) business days after the last Unresolved Claim that was outstanding on the Two Year Anniversary is resolved and any corresponding distributions to the Buyer Indemnified Parties have been made by the Escrow Agent, the Escrow Agent shall distribute to each of the Sellers (by delivery of a proper share certificate therefor or cash, as applicable) any remaining portion of the Second Year Amount then held in such Seller's Escrow Account.

  • The Sellers Escrow Agent shall maintain the balance of the proceeds of the Sale Transaction in the Sellers Escrow Account pursuant to the Sellers Escrow Agreement and shall release the proceeds in accordance with such agreement only upon receipt of a Final Order of the Bankruptcy Court directing disposition of all or any portion of the funds.

  • Within five (5) business days after the last Unresolved Claim that was outstanding on the One Year Anniversary is resolved and all corresponding distributions to the Buyer Indemnified Parties have been made by the Escrow Agent, the Escrow Agent shall distribute to each of the Sellers (by delivery of a proper share certificate therefor or cash, as applicable) any remaining portion of the First Year Amount then held in such Seller's Escrow Account.

  • The Company, as of closing and until no further indemnification is due under this Agreement, shall keep a record of the amounts of Losses (arising or not from Third Party Claims) indemnified under this Agreement, incurred by each of the Indemnified Parties by releasing on credit the amounts of losses incurred by buyer's indemnified parties and debit the Losses incurred by the Indemnified Parties of Sellers ("Escrow Account").

  • Subject to the provisions of Section 5.5 infra, after the Litigation Claims have been Allowed by a Final Order and satisfied pursuant to Section 4.5 hereof (including, without limitation, with respect to the validity and enforceability of the claims of ML Media under the Pledge Agreement), the balance of the Sellers Escrow Account and the Plan Funding Reserve shall be distributed to ML Media and Century in accordance with Section 5.5 of this Plan.

  • In determining the number of shares of Buyer Common Stock to be released in connection with any distribution from a Seller's Escrow Account, the Escrow Agent shall round down to the nearest whole share of Buyer Common Stock.

  • Within five (5) business days after the last Unresolved Claim is resolved and any corresponding distributions of the Escrow Fund to the Buyer Indemnified Parties are made by the Escrow Agent, the Escrow Agent shall distribute to each of the Sellers (by delivery of a proper share certificate therefor or cash, as applicable) any remaining portion of the Escrow Fund then held in such Seller's Escrow Account.

  • Upon such claim being allowed by a Final Order, each holder of an Allowed Litigation Claim shall receive, in full and final satisfaction thereof, a Cash payment from the Sellers Escrow Account equal to the amount of such Allowed Litigation Claim, plus post-petition interest at such rate as determined by the Bankruptcy Court or as may be agreed to by the parties.


More Definitions of Sellers Escrow Account

Sellers Escrow Account has the meaning set forth in the Recitals hereto.
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Sellers Escrow Account means one or more separate accounts established by the Escrow Agent in the name of the Provider, and designated by the Escrow Agent as a Seller’s Escrow Account.
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Related to Sellers Escrow Account

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Escrow Fund has the meaning ascribed to it in Section 7.2(a).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Escrow Amount has the meaning set forth in Section 2.1(c).