Examples of Original Escrow Amount in a sentence
The Escrow Agent acknowledges that, upon receipt of the Original Escrow Amount, such funds will be held in escrow on behalf of the parties in accordance with the terms hereof.
At the end of the 12th month after the Effective Date, $[**] (50% of the Original Escrow Amount) of the Escrow Fund, less (i) the amount of all offsets and reductions previously made in accordance with this Agreement less (ii) any Reserved Amount for any Claims that are then pending in an amount equal to the aggregate dollar amount shown in the Notice(s) of such Claim(s), shall be released to Seller.
The Escrow Agent will hold and deliver the Original Escrow Amount in accordance with the terms of an Escrow Agreement in the form of EXHIBIT C, which the Buyer and the Seller Representative will execute and deliver at the Closing (the "ESCROW AGREEMENT").
Following the distribution of the Original Escrow Amount, Angeion shall not be required to keep the Security Deposit separate from its general accounts and Subtenant shall not be entitled to interest on the Security Deposit.
In addition, the Original Escrow Amount shall be adjusted from time to time in accordance with the terms of the Escrow Agreement for any claims made by Buyer pursuant to SECTION 8.1 and as otherwise provided in the Escrow Agreement.