Indemnity Escrow Fund. The Buyer hereby agrees that it shall first seek a remedy from the Indemnity Escrow Fund, to the extent of the amount then held in the Indemnity Escrow Fund, with respect to any indemnification claim asserted hereunder before seeking to recover any Losses directly from the Seller.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Albany International Corp /De/), Asset Purchase Agreement (Ancestry.com Inc.)
Indemnity Escrow Fund. The Buyer hereby agrees that it shall first seek a remedy from the Indemnity Escrow Fund, to the extent of the amount then held in the Indemnity Escrow Fund, with respect to any indemnification claim asserted hereunder before (a) seeking to recover any Losses directly from any Seller and/or Xxxxxx or (b) exercising Buyer’s right under the SellerPledge Agreement.
Appears in 1 contract
Samples: Stock Purchase Agreement (Compass Group Diversified Holdings LLC)
Indemnity Escrow Fund. The Buyer Purchaser hereby agrees that it shall first seek a remedy from the Indemnity Escrow Fund, to the extent of the amount then held in the Indemnity Escrow Fund, with respect to any indemnification claim asserted hereunder before seeking to recover any Losses directly from the Seller. All payments from the Indemnity Escrow Fund shall be made in accordance with the terms of the Escrow Agreement.
Appears in 1 contract
