Common use of Liquidation of the Escrow Fund Clause in Contracts

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make payment from the Escrow Fund, the Escrow Agent shall pay such amount by liquidating the investments of the Escrow Fund to the extent necessary to pay such amount in full and in cash.

Appears in 2 contracts

Samples: Investment Agreement (Transmeridian Exploration Inc), Investment Agreement (Transmeridian Exploration Inc)

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Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund Fund, as the case may be, to the extent necessary to pay such amount amounts in full and in cash.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Credit Suisse First Boston/), Escrow Agreement (Credit Suisse First Boston/)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be ------------------------------ required to make payment from of the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund Fund, as the case may be, to the extent necessary to pay such amount amounts in full and in cash.

Appears in 2 contracts

Samples: Merger Agreement (Ein Acquisition Corp), Credit Agreement (Ein Acquisition Corp)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make a payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund to the extent necessary to pay such amount amounts in full and in cash.. 2 <PAGE>

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund to the extent necessary to pay such amount amounts in full and in cash.

Appears in 1 contract

Samples: Financial Warranty Agreement (Oppenheimer Principal Protected Trust Iii)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be ------------------------------ required to make payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund to the extent necessary to pay such amount amounts in full and in cash.

Appears in 1 contract

Samples: Financial Warranty Agreement (Oppenheimer Principal Protected Trust Iii)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make a payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund to the extent necessary to pay such amount amounts in full and in cash.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Insilco Technologies Inc)

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Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund Fund, to the extent necessary to pay such amount amounts in full and in cash.

Appears in 1 contract

Samples: Stock Purchase Agreement (Be Aerospace Inc)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make payment from of the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of the Escrow Fund Fund, as the case may be, to the extent necessary to pay such amount amounts in full and in cash.

Appears in 1 contract

Samples: Merger Agreement (Echelon International Corp)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be required to make the payment from the Escrow Fund, the Escrow Agent shall pay such amount amounts by liquidating the investments of investment then constituting the Escrow Fund to or such portion thereof as the extent necessary to pay such amount Escrow Agent deems appropriate in full and in cashits absolute discretion.

Appears in 1 contract

Samples: Deposit Escrow Agreement (Eldorado Bancorp)

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