Initial Escrow Deposit definition

Initial Escrow Deposit means the monies deposited with the Initial Escrow Agent described in Section 3.

Initial Escrow Deposit has the meaning set forth in the recitals.

Initial Escrow Deposit means the monies deposited with the Initial Escrow Agent as described in Section 3.

Examples of Initial Escrow Deposit in a sentence

• In the event of termination of this Agreement by Buyer pursuant to this Section, the Initial Escrow Deposit together with all interest accrued thereon shall be returned to Buyer and the parties shall be released and discharged from any further obligation hereunder.

• The Initial Escrow Deposit shall be held in an interest-bearing account and disbursed by Initial Escrow Agent pursuant to the terms of an escrow agreement in the form attached hereto as Exhibit 1 (the "Initial Escrow Agreement"), which Initial Escrow Agreement has been entered into by Seller, Buyer and Initial Escrow Agent simultaneously herewith.

• The Escrow Agent acknowledges receipt of an executed copy of the Stockholders' Agreement and the amount set forth opposite each Stockholder's name under the "Initial Escrow Deposit" column of Schedule A hereto (with respect to each Stockholder, such Stockholder's "Initial Escrow Deposit") from or on behalf of the Stockholders as provided in Section 9 of the Stockholders' Agreement.

• As used herein, the term "Escrow Deposit" shall mean the Initial Escrow Deposit and, from and after the deposit thereof, the Additional Escrow Deposit, together with all interest earned on such deposits while the same are held by Escrow Holder hereunder.

• At Closing, the Initial Escrow Deposit shall be applied against the Purchase Price and the Escrow Stock shall be returned to the Purchaser (subject to the Purchaser’s payment in full of the portion of the Purchase Price to be paid by the Purchaser at Closing).

More Definitions of Initial Escrow Deposit

Initial Escrow Deposit shall have the meaning given to such term in Section 3.2.

Initial Escrow Deposit has the meaning set forth in Section 2.02(b).

Initial Escrow Deposit means $10,000,000. (cd) "Insurance" shall mean any fire, product liability,

Initial Escrow Deposit means a $125,000.00 Escrow Deposit made by the Redevelopers to the Town prior to the Effective Date, of which receipt is acknowledged by the Town, deposited and held by the Town in the Escrow Account.

Initial Escrow Deposit means $11,800,000. (tt) "Insurance" shall mean any fire, product liability,

Initial Escrow Deposit means an escrow deposit paid prior to implementation of a derivatives transaction.

Initial Escrow Deposit shall have the meaning assigned to such term in Section 3.05(c).