Purpose of the Escrow Account. The Escrow Account will be deposited with the Escrow Agent and held in escrow by the Escrow Agent to secure the certain of the obligations of the Stockholders provided for in the Acquisition Agreement.
Purpose of the Escrow Account. The Placement Agent, the Company and ARC China acknowledge and agree that the purpose of the Escrow Account is threefold: (i) to hold the Escrow Funds received from the Purchasers pending receipt of instructions for release in accordance with Section 2 at the Closing; (ii) to hold the IR Cash for distribution to the IR Firms; and (iii) to hold the CFO Cash for distribution to a CFO Candidate.
Purpose of the Escrow Account. To the extent provided in Paragraph 1 of the Purchase Agreement, the parties have specified a mechanism for the final determination of the Purchase Price of Westbeach. The purpose of the Escrow Account is to provide funds for any overpayment of the Purchase Price at the First Closing under the Purchase Agreement.
Purpose of the Escrow Account. The Escrow Fund will be deposited with the Escrow Agent and will be held by the Escrow Agent for purposes of funding the obligations described in the Loss Sharing Agreement, in accordance with the terms of this Agreement.
Purpose of the Escrow Account. The Escrow Amount will be deposited with, and held by, the Escrow Agent to secure the indemnification obligations of Sellers contained in the Stock Purchase Agreement.
Purpose of the Escrow Account. This Escrow Agreement has been ----------------------------- executed and delivered, and the Escrow Account is hereby established, for the purpose of holding the Common Stock issuable upon conversion of the Series B Preferred Stock until certain performance criteria are met.
Purpose of the Escrow Account. The Escrow Account is being established to provide funds to satisfy claims against CAVC pursuant to the Letter Agreement.
Purpose of the Escrow Account. 5.1. The purpose of the Escrow Account is to secure the obligations of the Sellers under the Sellers' Warranties, the Seller's Indemnities (as defined in the Share Purchase Agreement) and claims pursuant to Clause 4 or Clause 6.5 of the Share Purchase Agreement. A "CLAIM" as used in this Agreement means any claim by the Purchaser pursuant to a claim in respect of any Sellers' Warranty, Sellers' Indemnity and pursuant to Clause 4 or Clause 6.5 of the Share Purchase Agreement.
Purpose of the Escrow Account. Golden Star and the Agent hereby represent to the Escrow Agent that the Escrow Amount and the Escrow Securities are being deposited with the Escrow Agent and are to be held by the Escrow Agent in the Escrow Account for the purpose of securing the completion by Golden Star of the Bogoso Acquisition.
Purpose of the Escrow Account
