Payments From Escrow. The Escrow Agent shall hold the Escrow Deposit in escrow in accordance with this Agreement and shall make payments from the Escrow Deposit only as follows or as provided in Section 7 below:
Payments From Escrow. The Escrow Agent shall hold the Escrow Account Balance in accordance with this Agreement and shall make payments from the Escrow Account Balance only as provided by Sections 3, 4 and 12 hereof or as further directed in writing by both Buyer and the Sellers' Representative:
Payments From Escrow. The Escrow Agent shall hold the Escrow Account in accordance with this Agreement and shall make payments from the Escrow Account only as provided by Sections 3 and 4 hereof or as further directed in writing by both Xx. Xxxxxxx and Handheld:
Payments From Escrow. Escrow Holder is acting as the disbursing agent of the parties to this escrow for all payments, such as, but not limited to, commissions, signing service providers, notary fees and termite inspections and/or reports, owed and authorized herein by the parties.
Payments From Escrow. The Escrow Agent shall hold the Escrow Account in accordance with this Agreement and shall make payments from the Escrow Account only as provided by Sections 3 and 4 hereof or as further directed in writing by both Zeus and Handheld:
Payments From Escrow. 68 7.5 Effect of Insurance Proceeds on Indemnification Claims. . . . . . . 68 7.6 Set-Off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
Payments From Escrow. (a) If the Closing occurs, any amount due from Sellers pursuant to SECTION 7.1 or SECTION 7.3 shall be claimed by Buyer pursuant to the Indemnification Escrow Agreement, and the amounts held in escrow pursuant thereto shall be the exclusive source of indemnification except for (i) any claims for breaches of SECTIONS 2.4 (Capitalization) or 2.17 (Taxes), (ii) any liability for indemnification arising out of defects in Sellers' title to the shares sold or Sellers' ability to convey marketable title thereto and (iii) any claims pursuant to SECTION 7.1(e) or 7.1(f).
Payments From Escrow. 6.2.1 The Security Trustee shall only instruct the Escrow Bank to make payments or transfers from an Escrow Account if:
Payments From Escrow. The Escrow Agent shall hold the Escrow Fund in escrow in accordance with this Agreement and shall make distributions from the Escrow Fund only when, and to the extent, authorized under Section 3 above. On the later of (1) November 29, 2001 or (2) the final determination of Actual Net Assets as set forth in Section 1.6 of the Purchase Agreement (the "Scheduled Disbursement Date"), the remaining Escrow Fund less the aggregate amount of Claim Reserves for Open Claims in existence as of the Scheduled Disbursement Date, shall be distributed to Sellers. Following the Scheduled Disbursement Date, when a Joint Instruction or Final Determination is made for any Open Claim as of such date, any amount distributable to the Purchaser under the Joint Instruction or Final Determination, as the case may be, shall be distributed to the Purchaser from the Claim Reserve for such Open Claim and the balance of such Claim Reserve for such Open Claim (if any), to the extent available as provided herein above shall then be distributable to Sellers after all Open Claims have been resolved.
Payments From Escrow. Amounts paid by the Escrow Agent to any Purchaser Indemnified Party under the Escrow Agreement shall be treated as having been paid by the Sellers or a Shareholder (as applicable) to the Purchaser Indemnified Party for all purposes under this Agreement.
