Settlement Escrow Agreement definition

Settlement Escrow Agreement means the Settlement Escrow Agreement dated as of the date hereof between and among Xxxxxx, Xxxxxxxxxx & Xxxxxxxxx LLP, as escrow agent, and the parties to the Settlement Agreement.
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Settlement Escrow Agreement shall have the meaning set forth in Section 2.4.2
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Examples of Settlement Escrow Agreement in a sentence

  • COVIDIEN shall have a reversionary interest in the Settlement Escrow Account and Administration Account (and any other accounts that may be created pursuant to the Settlement Escrow Agreement except the Lien Holdback Fund) for any amounts which remain in such Accounts after all distributions have been paid.

  • BARD shall have a reversionary interest in the Settlement Escrow Account and Administration Account (and any other accounts that may be created pursuant to the Settlement Escrow Agreement except the Lien Holdback Fund ) for any amounts which remain in such Accounts after all distributions have been paid.

  • IT IS SO ORDERED this 29th day of May, 2020 HIGHLY CONFIDENTIAL THE WALKUP SKIKOS-BARD SETTLEMENT ESCROW AGREEMENTExhibit A The WALKUP SKIKOS-Bard Settlement Escrow Agreement (the “Escrow Agreement”) is entered into and shall be effective as of , 2020, by and among Skikos, Crawford, Skikos & Joseph, LLP and Walkup, Melodia, Kelly & Schoenberger (“WALKUP SKIKOS” or “Claimants’ Counsel”); C.

  • The Court further retains continuing jurisdiction and supervision over the Settlement Escrow, in accordance with the terms of the Motley Rice AMS/Astora 2017 Settlement Escrow Agreement.

  • Subject to section V.A(1), for all other distributions pursuant to the Settlement Escrow Agreement, payment shall be made directly to WALKUP SKIKOS, or to a client trust account established by WALKUP SKIKOS, in accordance with a request approved by an Authorized Person.

  • The terms of the Motley Rice AMS/Astora 2017 Settlement Escrow Agreement are hereby approved; and2) The Settlement Escrow constitutes a qualified settlement fund within the meaning of section 468B of the Internal Revenue Code of 1986, as amended (the “Code”) and Treasury Regulation sections 1.468B-1, et seq.

  • Astora shall have a reversionary interest in the Settlement Escrow Account (and any other accounts that may be created pursuant to the Settlement Escrow Agreement except the Lien Holdback Fund and the Administration Account) as set forth in the Settlement Agreement and for any amounts which remain in such Accounts after all distributions reflected on Certified Payment Lists for claims submitted on or before December 31, 2017 and all Administrative Fees have been paid.

  • The Escrow Agent shall not make any distribution to an incompetent person, including payment of attorney fees and expenses, without an order from a court of competent jurisdiction approving the disbursement.6. For all other distributions pursuant to the Eiland Covidien Settlement Escrow Agreement, payment shall be made directly to Eiland, or to a client trust account established by Eiland, in accordance with a request approved by an Authorized Person.B. Authorized Persons.

  • The motion shall be filed in one and only one of the relevant member actions and shall be made using the form attached hereto as Exhibit 1; 1 Nothing in this Order changes or affects CMO 19 or the ASR Settlement Escrow Agreement dated as of April 30, 2014.

  • The Escrow Agent shall not make any distribution to an incompetent person, including payment of attorney fees and expenses, without an order from a court of competent jurisdiction approving the disbursement.6. For all other distributions pursuant to the P&K Covidien Settlement Escrow Agreement, payment shall be made directly to P&K, or to a client trust account established by P&K, in accordance with a request approved by an Authorized Person.B. Authorized Persons.

Related to Settlement Escrow Agreement

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Escrow Agreement means the escrow agreement entered into prior to the date hereof, by and among the Company, the Escrow Agent and the Placement Agent pursuant to which the Purchasers shall deposit Subscription Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Escrow Agreements means one or more of the agreements between the Company, the Partnership and one or more of the Performance Investors, dated as of the closing of the date of the initial public offering of the common stock of the General Partner, pursuant to which the Performance Investors have deposited their Performance Shares in escrow for possible transfer to the General Partner or the Partnership (as applicable).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Adjustment Escrow Amount means $1,000,000.

  • Settlement Agreements means any settlement reached in the U.S. Litigation with any of the Settling Defendants.

  • Purchase Price Adjustment Escrow Amount means $500,000.

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

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

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Indemnity Escrow Amount means $3,000,000.

  • 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 Deposit Agreement means the agreement provided for in Section 4.02(a) of this Resolution.

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

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

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

  • Escrow End Date has the meaning specified in the Escrow Agreement.

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