Common use of Instructions to Escrow Agent Clause in Contracts

Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time Xxxxxx xx or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Capstar Broadcasting Partners Inc), Asset Purchase Agreement (Commodore Media Inc), Asset Purchase Agreement (Capstar Broadcasting Partners Inc)

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Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time Xxxxxx xx or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI11, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Commodore Media Inc)

Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time Xxxxxx xx prior to the expiration of the Indemnification Escrow Agreement Seller is or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI8, at Buyer's request, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Indemnification Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ross Technology Inc)

Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time Xxxxxx xx or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI11, at Buyer's request, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Indemnification Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Atrium Companies Inc)

Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time Xxxxxx xx or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.to

Appears in 1 contract

Samples: Asset Purchase Agreement (Capstar Broadcasting Partners Inc)

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Instructions to Escrow Agent. Seller Each member of the Selling Group hereby covenants and agrees that at any time Xxxxxx xx any member of the Selling Group is or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.

Appears in 1 contract

Samples: Asset Purchase Agreement (Capstar Broadcasting Partners Inc)

Instructions to Escrow Agent. Seller Each Selling Stockholder hereby covenants and agrees that at any time Xxxxxx xx a Selling Stockholder is or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller the Selling Stockholders will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.

Appears in 1 contract

Samples: Stock Purchase Agreement (Capstar Broadcasting Partners Inc)

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