Payment of Escrow Sample Clauses

Payment of Escrow. Items -----------------------
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Payment of Escrow. On the Escrow Termination Date, Buyer shall pay by wire transfer to the accounts designated by BTR/ALI the Escrow Amount remaining in escrow after giving effect to any Deductions less the amount of any claim included in a Notice of Claim delivered to BTR/ALI prior to the Escrow Termination Date that has not been finally determined as of that date. At the time and to the extent that such claim is finally resolved in favor of BTR/ALI, Buyer shall pay by wire transfer to the account(s) designated by BTR/ALI the amount due, plus interest (at the Applicable Federal Rate).
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Payment of Escrow. At the Closing, Purchaser shall pay (or cause to be paid) to an escrow agent to be mutually agreed by Purchaser and the Seller Representative (the “Escrow Agent”) an amount in cash (the “Escrow Cash Amount”) and Purchaser Common Stock (the “Escrow Stock Amount”) representing 7.54 percent of the aggregate amount of Closing Cash Consideration and 13.76 % of the aggregate amount of the Closing Stock Consideration (the “Escrow Amount”) in accordance with the terms and conditions of an Escrow Agreement to be entered into at Closing in a form to be mutually agreed by the Seller Representative, Purchaser and the Escrow Agent (the “Escrow Agreement”). The Escrow Amount shall be held in escrow in accordance with the terms of the Escrow Agreement to satisfy the obligations, if any, under Section 2.4 (Working Capital Adjustment), Section 8.8(a) (Tax Matters, Seller Indemnity) and Article X (Indemnification), and, following the final resolution of any such adjustments and satisfaction of any such indemnity obligations, shall be released in accordance with the terms of the Escrow Agreement to, as applicable, (i) the Sellers in accordance with the Applicable Percentages set forth opposite their names in the Transaction Consideration Disbursement Schedule (with cash being released to the Non-Employee Sellers and Purchaser Common Stock being released to Employee Sellers as set forth on such schedule) and/or (ii) Purchaser as further described in the Escrow Agreement. Earnings on payments from the Escrow Amount shall be paid concurrently to the recipient of such payment. The Purchaser Common Stock comprising the Escrow Stock Amount shall be registered as of the Closing Date in the name of the applicable Seller.
Sample 1
Payment of Escrow. As payment for its Services hereunder, the Escrow Agent shall receive a fee of from the Vendor.
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Payment of Escrow. Funds In order to effectuate the disposition of the Indemnity Escrow Funds set forth in Paragraph 2, the Parties shall, immediately upon execution of this Agreement, execute and deliver to the Escrow Agent via facsimile the letter attached hereto as Exhibit A, which provides joint written instructions to the Escrow Agent required to effectuate release of the Indemnity Escrow Funds pursuant to Section 3(b) of the Escrow Agreement.
Sample 1
Payment of Escrow. If any TIC Company invokes the Procedures to terminate a TIC Agreement, Adena shall contribute a portion of the escrow required pursuant to the Procedures in form and substance established by the Account Control Agreement negotiated with the Project Company (the “Escrow Amount”). Adena shall be responsible for a portion of the Escrow Amount equal to the total Escrow Amount multiplied by the “Percentage Interest” (as defined in the Third Amended and Restated Limited Partnership Agreement dated as of even date hereof of NRP (GP) LP, a Delaware limited partnership (the “General Partner”)) of Adena and its affiliates in the General Partner, as adjusted from time to time after the date hereof (such portion as determined by the Percentage Interest as so adjusted, the “Adena Escrow Amount”). The TIC Company shall be responsible for that portion of the Escrow Amount equal to the total Escrow Amount minus the Adena Escrow Amount. Upon each increase or decrease of the Percentage Interest of Adena and its Affiliates in the General Partner, Adena and the TIC Companies shall promptly adjust the Adena Escrow Amount and the portion of the Escrow Amount funded by the TIC Company accordingly.
Sample 1

Related to Payment of Escrow

  • Disbursement of Escrow Funds (a) Subject to Section 3(b) and Section 10, NCPS shall promptly disburse in accordance with the Instruction Letter the liquidated value of the Escrow Funds from the Escrow Account to Issuer by wire transfer no later than one Business Day following receipt of the following documents:

  • Investment of Escrow Funds The Escrow Agent shall deposit the Escrow Funds in a non-interest bearing money market account. If Escrow Agent has not received a Joint Written Direction at any time that an investment decision must be made, Escrow Agent may retain the Escrow Fund, or such portion thereof, as to which no Joint Written Direction has been received, in a non-interest bearing money market account.

  • Investment of Escrow Fund During the term of this Escrow Agreement, the Escrow Fund shall be invested and reinvested by the Escrow Agent in the investment indicated on Schedule 1 or such other investments as shall be directed in writing by the Issuer and the Depositor and as shall be acceptable to the Escrow Agent. All investment orders involving U.S. Treasury obligations, commercial paper and other direct investments may be executed through broker-dealers selected by the Escrow Agent. Periodic statements will be provided to the Issuer and the Depositor reflecting transactions executed on behalf of the Escrow Fund. The Issuer and the Depositor, upon written request, will receive a statement of transaction details upon completion of any securities transaction in the Escrow Fund without any additional cost. The Escrow Agent shall have the right to liquidate any investments held in order to provide funds necessary to make required payments under this Escrow Agreement. The Escrow Agent shall have no liability for any loss sustained as a result of any investment in an investment indicated on Schedule 1 or any investment made pursuant to the instructions of the parties hereto or as a result of any liquidation of any investment prior to its maturity or for the failure of the parties to give the Escrow Agent instructions to invest or reinvest the Escrow Fund. The Escrow Agent may earn compensation in the form of short-term interest (“float”) on items like uncashed distribution checks (from the date issued until the date cashed), funds that the Escrow Agent is directed not to invest, deposits awaiting investment direction or received too late to be invested overnight in previously directed investments.

  • Investment of Escrow Amount Escrow Agent may, at its’ discretion, invest any or all of the Escrow Account balance as permitted by banking or trust company regulations. No interest shall be paid to Issuer or Subscribers on balances in the Escrow Account or in Issuers custodial account.

  • Investment of Escrow Account The Escrow Agent shall deposit funds received from purchasers in the Escrow Account, which shall be a non-interest-bearing bank account at SunTrust Bank.

  • Indemnity of Escrow Agent The Client hereby agrees to indemnify and hold harmless the Escrow Agent against any and all losses, claims, damages, liabilities, attorneys’ fees (even if Escrow Agent represents himself), and expenses, including any litigation arising from this Agreement or involving the subject matter hereof.

  • Creation of Escrow Funds On or prior to the date of the commencement of the Offering, the parties shall establish an escrow account with the Escrow Agent, which escrow account shall be entitled as follows: Wentworth Energy, Inc./Cornell Capital Partners, LP Escrow Account for the deposit of the Escrow Funds. The Investor(s) will instruct subscribers to wire funds to the account of the Escrow Agent as follows: Bank: Wachovia, N.A. of New Jersey Routing #: 000000000 Account #: 2000014931134 Name on Account: Xxxxx Xxxxxxxx Attorney Trust Account Name on Sub-Account: Wentworth Energy, Inc./Cornell Capital Partners, LP Escrow Account

  • Release of Escrow Subject to the provisions of Section 4.2, the Escrow Agent shall release the Company Documents and Subscriber Documents as follows:

  • Terms of Escrow (a) The parties hereby appoint the Administrative Agent as escrow agent in accordance with the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment as escrow agent.

  • Deposit of Escrow Funds Escrow Holder acknowledges the receipt from Seller of _________________ Thousand and No/100 Dollars ($____________.00) (the “Escrow Funds”). The Escrow Funds are the property of Guarantor subject to the terms of this Agreement. Escrow Holder shall disburse the Escrow Funds in strict accordance with the terms of this Agreement.

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