Common use of Protection of Escrow Fund Clause in Contracts

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will hold and safeguard the Escrow Fund during the Escrow Period, will treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent and will hold and dispose of the Escrow Fund only in accordance with the terms hereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Data Dimensions Inc)

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Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will shall hold and safeguard the Escrow Fund during the Escrow Period, will shall treat such fund as a trust fund in accordance with the terms of this Agreement and the Exchange and Escrow Agreement and not as the property of Parent iGo and will shall hold and dispose of the Escrow Fund only in accordance with the terms hereofhereof and thereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Igo Corp)

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will shall hold and safeguard the Escrow Fund during the Escrow Period, will treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent McAfee or the Shareholders, and will shall hold and dispose of the Escrow Fund only in accordance with the terms hereofof the Escrow Agreement.

Appears in 1 contract

Samples: Stock Exchange Agreement (McAfee Associates Inc)

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will hold and safeguard the Escrow Fund during the Escrow Period, will treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent Buyer or Shareholder and will hold and dispose of the Escrow Fund only in accordance with the terms hereof. The Escrow Fund will be invested subject to the discretion of the Escrow Agent in demand and time deposits in banks or savings institutions, short term certificates of deposits or Treasury bills, or money market account instruments.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Scientific Technologies Inc)

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will shall hold and safeguard the Escrow Fund during the Escrow Period, will shall treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent Seller or the Shareholders and will shall hold and dispose of the Escrow Fund only in accordance with the terms hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Procyte Corp /Wa/)

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will shall hold and safeguard the Escrow Fund during the Escrow Period, will treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent NGTC, and will shall hold and dispose of the Escrow Fund only in accordance with the terms hereofof the Escrow Agreement. Funds that are delivered out of the Escrow Fund shall decrease on a pro-rata basis (in proportion to the original contribution of each Seller to the Escrow Fund) the funds which each Former CNI Shareholder is entitled to receive upon the distribution described in Section 12.9.

Appears in 1 contract

Samples: Purchase Agreement (Network General Corporation)

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Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will hold and safeguard the Escrow Fund during the Escrow Period, will treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent Parent, Buyer or Seller and will hold and dispose of the Escrow Fund only in accordance with the terms hereof. The Escrow Fund will be invested subject to the discretion of the Escrow Agent in demand and time deposits in banks or savings institutions, short term certificates of deposit or Treasury bills, or money market account instruments.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inter Tel Inc)

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will shall hold and safeguard the Escrow Fund during the Escrow Period, will shall treat such fund Escrow Fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent Conceptus and will shall hold and dispose of the Escrow Fund only in accordance with the terms hereofhereof and of the Exchange and Escrow Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Conceptus Inc)

Protection of Escrow Fund. 7.2.3.1. The Escrow Agent will shall hold and safeguard the Escrow Fund Funds during the Escrow Periodtheir existence, will shall treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent and will shall hold and dispose of the Escrow Fund Funds only in accordance with the terms hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netrix Corp)

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