Common use of Disbursement of Escrow Funds Clause in Contracts

Disbursement of Escrow Funds. (a) In the event Purchaser determines that it is entitled to all or any portion of the Escrow Funds pursuant to Sections 11.2 or 11.3 of the Purchase Agreement, Purchaser shall deliver written notice to the Escrow Agent and Xxxxx, stating the factual basis for, and the amount of, such entitlement ("Claim"). Within ten (10) days following such delivery of the Claim, Xxxxx may deny all or any portion of the Claim by delivering written notice to the Escrow Agent and Purchaser, indicating the amount or portion of the Claim which is denied and the factual basis for such denial ("Denial").

Disbursement of Escrow Funds. (a) In the event Purchaser determines that it is entitled to all or any portion of the Escrow Funds pursuant to Sections 11.2 or 11.3 of the Purchase Agreement, Purchaser shall deliver written notice to the Escrow Agent and Xxxxxthe Seller, stating the factual basis for, and the amount of, such entitlement ("Claim"). Within ten thirty (1030) days following such delivery of the Claim, Xxxxx the Seller may deny all or any portion of the Claim by delivering written notice to the Escrow Agent and Purchaser, indicating the amount or portion of the Claim which is denied and the factual basis for such denial ("Denial").

Disbursement of Escrow Funds. (a) In the event Purchaser determines that it is entitled to all or any portion of the Escrow Funds pursuant to Sections 11.2 or 11.3 of the Purchase Agreement, Purchaser shall deliver written notice to the Escrow Agent and Xxxxxthe Sellers, stating the factual basis for, and the amount of, such entitlement ("Claim"). Within ten fifteen (1015) days following such delivery of the Claim, Xxxxx the Sellers may deny all or any portion of the Claim by delivering written notice to the Escrow Agent and Purchaser, indicating the amount or portion of the Claim which is denied and the factual basis for such denial ("Denial").

Disbursement of Escrow Funds. (a) In the event Purchaser determines that it is entitled to all or any portion of the Escrow Funds pursuant to Sections 11.2 or 11.3 of the Purchase Agreement, Purchaser shall deliver written notice to the Escrow Agent and Xxxxxthe Sellers, stating the factual basis for, and the amount of, such entitlement ("Claim"). Within ten thirty (1030) days following such delivery of the Claim, Xxxxx the Sellers may deny all or any portion of the Claim by delivering written notice to the Escrow Agent and Purchaser, indicating the amount or portion of the Claim which is denied and the factual basis for such denial ("Denial").