Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Agreement, Purchaser, on behalf of the Seller Parties, will transfer Escrow Funds in the amount of $19,500,000 (Nineteen Million Five Hundred Thousand Dollars), by wire transfer of immediately available funds, to a segregated account designated by Escrow Agent.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Pattern Energy Group Inc.), Purchase and Sale Agreement
Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Escrow Agreement, Purchaser, on behalf of the Seller PartiesSeller, will transfer the Escrow Funds in the amount of $19,500,000 750,000 (Nineteen Million Five Seven Hundred Fifty Thousand Dollars), by wire transfer of immediately available funds, to a segregated an account designated by Escrow Agent. Seller shall make additional deposits of Escrow Funds to the extent required under the Escrow Provision.
Appears in 1 contract
Samples: Escrow Agreement (Photomedex Inc)
Deposit of Escrow Funds. Simultaneously with the execution and delivery of this Agreement, Purchaser, on behalf of the Seller Parties, Buyer will transfer (a) $325,000 (the “Indemnification Escrow Funds in Amount”) and (b) $450,000 (the amount of $19,500,000 (Nineteen Million Five Hundred Thousand Dollars“Working Capital Escrow Amount”), by wire transfer of immediately available funds, to a segregated one account designated by Escrow AgentAgent (the “Escrow Account”). Escrow Funds will remain uninvested except as provided in Section 7.
Appears in 1 contract
Samples: Stock Purchase Agreement (Universal Logistics Holdings, Inc.)
