Sellers Escrow Agreement definition

Sellers Escrow Agreement means that certain Sellers Escrow Agreement to be dated as of the closing date of the Sale Transaction, among ML Media, Century and Sellers Escrow Agent.

Sellers Escrow Agreement means that certain Escrow Agreement by and between the Principal Sellers, on behalf of the Sellers, and the Escrow Agent, dated on or about the date hereof.

Sellers Escrow Agreement means the Sellers' Escrow Agreement in the form attached hereto as Exhibit E.

Examples of Sellers Escrow Agreement in a sentence

• The Sellers Escrow Agent shall hold the proceeds of the Sale Transaction in accordance with the Acquisition Agreement, the Plan, Sellers Escrow Agreement and any Final Order of the Bankruptcy Court, and shall be empowered and authorized, without further Bankruptcy Court approval, to invest funds and distribute funds in the Sellers Escrow Account to Century and ML Media or the Plan Administrator, if appointed, in accordance with the terms of the Plan and the Sellers Escrow Agreement.

• Further, on the Effective Date, in accordance with the terms of the Sellers Escrow Agreement, the Sellers Escrow Agent shall release to Century and ML Media or the Plan Administrator, if appointed, funds sufficient to fund the Plan Funding Reserve in an amount equal to the sum of (i) an amount sufficient to satisfy all Allowed Claims in full, (ii) the Disputed Claims Reserve, and (iii) the Retained Cash.

More Definitions of Sellers Escrow Agreement

Sellers Escrow Agreement has the meaning set forth in Section 7.10.

Sellers Escrow Agreement means the escrow agreement substantially in the form attached hereto as EXHIBIT B-1, to be entered into by the parties hereto and either Bank of New York or XX Xxxxxx/Chase, as mutually agreed;