Administration of Escrow Fund. Except as otherwise provided herein, the Escrow Agent shall administer the Escrow Fund as follows:
Administration of Escrow Fund. The Escrow Agent shall administer the Escrow Fund as set forth in Article 11 of the Merger Agreement.
Administration of Escrow Fund. (a) Subject to the provisions of Article XII of the Merger Agreement and Sections 5 of this Agreement, (i) the General Escrow Fund shall be available to compensate the Acquiror Indemnified Parties for any General Indemnified Losses and (ii) the Special Escrow Fund shall be available to compensate the Acquiror Indemnified Parties for any Special Indemnified Losses.
Administration of Escrow Fund. The Escrow Agent shall maintain the Escrowed Cash and Escrowed Shares in an account and shall create subaccounts for each Stockholder with Escrowed Cash. Except as otherwise provided herein, the Escrow Agent shall administer the Escrow Fund as follows:
Administration of Escrow Fund. Upon receipt by the Escrow Agent of the Escrow Amount, the Escrow Agent shall invest the Escrow Amount and any and all interest earned thereon in United States government securities or securities of governmental agencies covered by bank repurchase agreements or securities guaranteed by the United States government or bankers' acceptances or certificates of deposit not subject to a penalty upon its premature withdrawal in banks having undivided capital and surplus of not less than $100,000,000.00 or money market funds having assets of not less than $100,000,000.00, including money market funds that may be sold (without regard to maturity date) by the Escrow Agent whenever necessary to make any disbursement required under this Agreement. Interest and dividends earned on the Escrow Amount shall accrue to Lifecodes and be distributed monthly.
Administration of Escrow Fund. The Escrow Fund shall be disbursed in cash by the Escrow Agent as follows:
Administration of Escrow Fund. The administration of any claim for payment from the Escrow Fund shall, subject to the limitations set forth in this Article VIII, be subject to the terms and conditions of the Escrow Agreement.
Administration of Escrow Fund. The Escrow Agent shall administer the Escrow Fund as set forth in Sections 8.7, 8.8, 8.9 and 8.10 of the Merger Agreement.
Administration of Escrow Fund. Claims for payment of Parent Claims from the Escrow Fund made by the Parent pursuant to Section 7.2 of the Merger Agreement shall be made in accordance with the procedures set forth in this Section 4.
Administration of Escrow Fund. Escrow Agent shall administer the Escrow Fund as follows: Escrow Agent shall hold and safeguard the Escrow Fund during the Escrow Period (as defined in Section 5 below), in accordance with the terms of this Agreement and the Merger Agreement and not as the property of Parent, and shall hold and dispose of the Escrow Fund only in accordance with the terms hereof. Upon receipt by Escrow Agent at any time on or before the last day of the Escrow Period of a certificate signed by a duly authorized officer of Parent (an "Officer's Certificate"): stating that Parent, Surviving Corporation or any other Parent Indemnified Person has paid or incurred Damages, and specifying in reasonable detail the individual items of Damages included in the amount so stated, the date each such item was paid or incurred and the nature of the breach of the Merger Agreement or matter to which such item is related, Escrow Agent shall, subject to the provisions of Sections 4(c) and 4(d) below, deliver to Parent out of the Escrow Fund, as promptly as practicable, an amount equal to such Damages in accordance with the provisions of Section 4(e) below.
