Examples of Indemnity Escrow Amount in a sentence
Within five (5) Business Days after the Special Indemnity Escrow Release Date, Purchaser and the Sellers’ Representative shall, in accordance with the Escrow Agreement, instruct the Escrow Agent to release from the Special Indemnity Escrow Fund for to the Seller the amount, if any, by which the aggregate amount remaining in the Special Indemnity Escrow Fund as of the Special Indemnity Escrow Release Date exceeds the Retained Special Indemnity Escrow Amount.
Simultaneously with the execution and delivery of this Agreement, Buyer shall deliver to Escrow Agent (a) the Indemnity Escrow Amount, to be held by Escrow Agent in the Indemnity Escrow Account, and (b) the Adjustment Escrow Amount, to be held by Escrow Agent in the Adjustment Escrow Account.
Upon the final resolution and payment of such unresolved or unpaid indemnity claims of the Buyer Indemnified Parties, any remaining portion of the General Indemnity Escrow Amount, which is then in excess of the aggregate unresolved or unpaid indemnity claims of the Buyer Indemnified Parties recoverable from the General Indemnity Escrow Fund, shall be paid to Sellers by the Escrow Agent within five (5) Business Days.
Within five (5) Business Days after the Indemnity Escrow Release Date, Purchaser and the Sellers’ Representative shall, in accordance with the Escrow Agreement, instruct the Escrow Agent to release from the Indemnity Escrow Fund to the Seller the amount, if any, by which the aggregate amount remaining in the Indemnity Escrow Fund as of the Indemnity Escrow Release Date exceeds the Retained Indemnity Escrow Amount.