Warranty Escrow Release Date means the date which is the first anniversary of the Completion Date
Escrow Release Date means the date of the Escrow Release.
Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.
Escrow End Date has the meaning specified in the Escrow Agreement.
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.
Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.
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.
Collateral Release Date shall have the meaning provided in Section 10.15(d).
Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.
Escrow Deposit shall have the meaning set forth in Section 2.2(a).
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.
Indemnity Escrow Amount means $3,000,000.
Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.
Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.
Adjustment Escrow Amount means $1,000,000.
Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.
Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.
Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:
Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.
Deposit Escrow Agreement has the meaning set forth in Section 2.2.
Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).
Indemnification Escrow Amount has the meaning specified in Section 3.6(a).
Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.
Purchase Price Adjustment Escrow Amount means $500,000.
Seller Closing Certificate has the meaning set forth in Section 7.02(d).
Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).
Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.