SunTrust Escrow Amount definition

SunTrust Escrow Amount means an amount equal to Nine Million Dollars ($9,000,000).

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SunTrust Escrow Amount means an amount equal to Five Million Dollars ($5,000,000).

SunTrust Escrow Amount is One Million, Three Hundred Seventy-Five Thousand Dollars ($1,375,000).

Examples of SunTrust Escrow Amount in a sentence

Any claims made against the Indemnity Escrow shall first be satisfied from the TD Escrow Amount (excluding that portion allocated to the Working Capital Escrow), and no claims shall be made against the SunTrust Escrow Amount until such time as claims against the TD Escrow Amount (excluding that portion allocated to the Working Capital Escrow) exceed the TD Escrow Amount (excluding that portion allocated to the Working Capital Escrow).
The SunTrust Escrow Agreement shall provide (i) that Seller is entitled to, and may at any time withdraw, all interest and other earnings that accrue on the SunTrust Escrow Amount; and (ii) that Seller will be solely responsible for the payment of all fees and costs charged by the escrow agent named in the SunTrust Escrow Agreement.
The SunTrust Escrow Amount shall be released to Seller in full immediately upon settlement and dismissal of the SunTrust Litigation or, in the absence of any such settlement, upon entry of a final, non-appealable judgment in the litigation and the satisfaction by Seller of any judgment entered in such case (provided that all or a portion of the SunTrust Escrow Amount may be paid directly from the escrow account holding such amount in order to satisfy of such judgment).
Buyer shall first look to the SunTrust Escrow Amount for any such indemnification and shall not make any claim against Seller unless and until the SunTrust Escrow Amount has been exhausted.