Purpose of Escrow Fund. The Escrow Fund has been established for the purpose of providing the exclusive source of funds to satisfy Buyer Escrow Indemnified Claims.
Purpose of Escrow Fund. The purpose of the Escrowed Purchase Price will be to pay for the Escrow Shares, subject to the conditions set forth herein.
Purpose of Escrow Fund. The Escrow Fund shall be available solely for the purposes set forth in the Purchase Agreement.
Purpose of Escrow Fund. The Escrow Fund has been established for the purpose of providing a source of funds to satisfy claims made by the County for amounts payable by Grantee to the County under the terms of the Franchise Agreement and/or applicable law that have not been satisfied from other sources.
Purpose of Escrow Fund. The purposes of the Escrow Account will be, and the Escrow Fund will be applied to pay, all Losses incurred by or imposed on Buyer with respect to the matters set forth in Section 8.2 of the Merger Agreement.
Purpose of Escrow Fund. The Escrow Fund shall be available solely for the purposes set forth in the Agreements and the Interested Parties hereby agree to modify and amend this Agreement, as appropriate, contemporaneously with the execution and delivery of the Purchase Agreement so that the specific provisions for the handling of the Deposit shall be consistent under the terms and conditions of both Agreements.
Purpose of Escrow Fund. The Escrow Fund shall be available to compensate Purchaser and its affiliates for any Loss, and shall during the Escrow Period (as defined below) be the first, non-exclusive source of funds to compensate Purchaser for any Loss prior to any separate action for indemnification under this Article VII.
Purpose of Escrow Fund. The Escrow Fund has been established for the purpose of providing a source of funds to pay Losses (as defined below) incurred by Purchaser as a result of the matters described in Section 9 of the Purchase Agreement. Notwithstanding any provision hereof or of the Purchase Agreement, this Agreement is intended to provide a source of funds to satisfy the indemnity obligations of Sellers, but it not intended to limit Purchaser's recourse against Sellers under the Purchase Agreement, and recourse to the provisions hereof and the Escrow Fund shall not be exclusive of any other rights or remedies available to Purchaser against Sellers or any other party to the Purchase Agreement, either at law or in equity.
Purpose of Escrow Fund. The Escrow Fund has been established for the purpose of providing a primary source of funds to reimburse Buyer for that portion of the Purchase Price that is attributable, at the dollar amount provided in Annex I hereto, to any Customer Contract with respect to which the Customer named therein on or before the 90th day after the Effective Date (a) fails to execute a written consent to assignment to Buyer and (b) cancels such Customer Contract or expresses in writing its intention to bid services covered by such Customer Contract.
Purpose of Escrow Fund. The Escrow Fund shall be available to secure the Obligations; provided however that nothing herein shall limit in any -------- ------- way the remedies provided for under the Agreement.
