Common use of Payments; Indemnification Escrow Fund Clause in Contracts

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIII, the Indemnifying Party shall satisfy its obligations within fifteen (15) Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fund.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Meridian Bioscience Inc)

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Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article ARTICLE VIII, the Indemnifying Party shall satisfy its obligations within fifteen (15) 15 Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds. The parties hereto agree that should an Indemnifying Party not make full payment of any such obligations within such 15 Business Day period.

Appears in 1 contract

Samples: Escrow Agreement (LIVE VENTURES Inc)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article ARTICLE VIII, the Indemnifying Party shall satisfy its obligations within fifteen (15) Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Stock Purchase Agreement (Security National Financial Corp)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article ARTICLE VIII, the Indemnifying Party shall satisfy its obligations within fifteen (15) 15 Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Securities Purchase Agreement (Accel Entertainment, Inc.)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIII, the Indemnifying Party shall satisfy its obligations within fifteen five (155) Business Days of such final, non-appealable final adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Northwest Pipe Co)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIIIARTICLE IX, the Indemnifying Party shall satisfy its obligations within fifteen (15) Business Days of such final, non-appealable adjudication by either wire transfer of immediately available funds or by submitting a joint written instruction to the Escrow Agent to release the amount of such Loss from the Indemnification Escrow Fund, as applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Brady Corp)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIII, the Indemnifying Party shall satisfy its obligations within fifteen (15) Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Asset Purchase Agreement and Stock Purchase Agreement (Schmitt Industries Inc)

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Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIIIARTICLE VII, the Indemnifying Party shall satisfy its obligations within fifteen (15) 10 Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Equity Purchase Agreement (OneWater Marine Inc.)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIIIARTICLE XI, and subject to Section 11.6(a), the Indemnifying Party shall satisfy its obligations within fifteen (15) 15 Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tyler Technologies Inc)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIIIVI, the Indemnifying Party shall satisfy its obligations within fifteen five (155) Business Days business days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Asset Purchase Agreement (AmpliTech Group, Inc.)

Payments; Indemnification Escrow Fund. (a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this Article VIIIARTICLE VII, the Indemnifying Party shall satisfy its obligations within fifteen (15) Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds from the Indemnification Escrow Fundfunds.

Appears in 1 contract

Samples: Stock Purchase Agreement (Franklin Covey Co)

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