Certain Changes in Escrow Threshold Sample Clauses
The 'Certain Changes in Escrow Threshold' clause defines the conditions under which the minimum or maximum amount required to be held in escrow may be adjusted during the course of an agreement. This clause typically outlines specific events, such as regulatory changes, amendments to the underlying transaction, or the occurrence of certain contingencies, that would trigger a revision of the escrow threshold. By providing a mechanism for adjusting the escrow amount, the clause ensures that the escrow arrangement remains appropriate and responsive to changing circumstances, thereby protecting the interests of the parties and maintaining the integrity of the transaction.
Certain Changes in Escrow Threshold. If the Escrow Threshold decreases as a result of a reduction in the credit rating of New Ashland Inc., the occurrence of a Bankruptcy Event with respect to New Ashland Inc. or the payment of Escrowed funds to Marathon in respect of a redetermination of a Tax Benefit Payment as provided in Section 6.01(b) above, and as a result the Escrow is not Fully Funded, then all payments to New Ashland Inc. under this TMA, net of set-off, including all Tax Benefit Payments in respect of Basket One Amounts and Basket Two Amounts, shall be placed in Escrow until the Escrow is Fully Funded.