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 of the Escrow Fund, the Escrow Agent shall pay such amounts by liquidating the investments of the Escrow Fund, as the case may be, to the extent necessary to pay such amounts in full and in cash.

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Deposit Escrow Agreement (Eldorado Bancorp)

Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be ------------------------------ required to make a payment of from the Escrow Fund, the Escrow Agent shall pay such amounts by liquidating the investments of the Escrow Fund, as the case may be, Fund to the extent necessary to pay such amounts in full and in cash. 2 <PAGE> 6.

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 of the Escrow Fund, the Escrow Agent shall pay such amounts by liquidating the investments of the Escrow Fund, as the case may be, to the extent necessary to pay such amounts in full and in cash.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Echelon International Corp)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Lock Box Agreement (General Steel Holdings Inc)

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Liquidation of the Escrow Fund. Whenever the Escrow Agent shall be ------------------------------ required to make payment of from the Escrow Fund, the Escrow Agent shall pay such amounts by liquidating the investments of the Escrow Fund, as the case may be, Fund to the extent necessary to pay such 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 of from the Escrow Fund, the Escrow Agent shall pay such amounts by liquidating the investments of the Escrow Fund, as the case may be, Fund to the extent necessary to pay such amounts in full and in cash. Subject to the provisions of Section 11(g) of this Agreement, the Escrow Agent shall not be liable for any losses incurred in any such liquidation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Oneida LTD)

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

Appears in 1 contract

Samples: Escrow Agreement (Oppenheimer Principal Protected Trust Iii)

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

Appears in 1 contract

Samples: Escrow Agreement (Be Aerospace Inc)

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