Common use of Deficiency of Funds Clause in Contracts

Deficiency of Funds. Notwithstanding anything to the contrary in this Agreement, if any amount to be released at any time or under any circumstances exceeds the balance in the General Escrow Fund, as applicable, the Escrow Agent shall release such balance and shall have no liability or responsibility to the Escrow Parties for any deficiency.

Appears in 2 contracts

Samples: Major Stockholder Contribution and Exchange Agreement, Major Stockholder Contribution and Exchange Agreement (Open Link Financial, Inc.)

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Deficiency of Funds. Notwithstanding anything to the contrary in this Agreement, if any amount to be released at any time or under any circumstances exceeds the balance in the General Bonus Escrow Fund, as applicable, the Escrow Agent shall release such balance and shall have no liability or responsibility to the Escrow Parties for any deficiency.

Appears in 2 contracts

Samples: Major Stockholder Contribution and Exchange Agreement, Major Stockholder Contribution and Exchange Agreement (Open Link Financial, Inc.)

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