Indemnification Escrow definition

Indemnification Escrow has the meaning set forth in Section 3.1 of the Agreement.

Indemnification Escrow means the Escrow Account opened for the purpose of holding the Microfield Common Stock held back pursuant to Section 2.7.

Indemnification Escrow has the meaning set forth in Section 2.04(d).

Examples of Indemnification Escrow in a sentence

• On the Effective Date (or as soon thereafter as is reasonably practicable), the Indemnification Escrow shall be funded in the amount of $20 million by ASARCO, Reorganized ASARCO, or the Plan Administrator, as the case may be.

• The learned counsel appearing for the petitioner would submit that the project had commenced and partial occupancy certificate was issued in favour of the petitioner on 18-11-2015 and on 27-04-2017.

• HL has designated Jeffrey Schwarz as the initial representative (the “HL Representative”) to represent the interests of the HL Shareholders after the Closing for purposes of approving amendments to this Agreement and the Indemnification Escrow Agreement, giving consents and approvals hereunder and thereunder, and making those determinations hereunder and thereunder that are specifically reserved to the HL Representative by the terms hereof and thereof.

• The Indemnification Escrow Agreement shall have been executed and delivered and shall be in full force and effect.

• As soon as practicable after the sixth year anniversary of the Effective Date or upon such later date as the Plan Administrator deems it appropriate, the Plan Administrator shall distribute any funds remaining in the Indemnification Escrow to the Liquidation Trust for distribution in accordance with the terms and conditions of the Liquidation Trust Agreement.

More Definitions of Indemnification Escrow

Indemnification Escrow means a dollar amount equal to the Indemnification Cap.

Indemnification Escrow shall have the meaning in Section 1.5(c).

Indemnification Escrow means $15,000,000.

Indemnification Escrow means the escrow account in the amount of $20 million to address Reorganized ASARCO’s anticipated indemnification obligations arising under the Plan or separate order of the Bankruptcy Court, to be established pursuant to Article 11.8(b) of the Plan.

Indemnification Escrow. Section 2.10(a)

Indemnification Escrow shall have the meaning specified in Section 2.03(b).

Indemnification Escrow means the portion of the Escrow Account designated for the Indemnification Escrow Amount to be held by the Escrow Agent in accordance with the terms of the Escrow Agreement.