Purchase Price Escrow Account Sample Clauses

Purchase Price Escrow Account. At the Closing, Parent shall deposit, or shall cause to be deposited, with the Escrow Agent the Purchase Price Escrow Funds by wire transfer of immediately available funds to an account designated by the Escrow Agent prior to the Closing Date and in the Escrow Agreement (the “Purchase Price Escrow Account”). The Purchase Price Escrow Funds shall be (i) held and disbursed by the Escrow Agent in the Purchase Price Escrow Account solely for the purpose of and in accordance with the terms of this Agreement and the Escrow Agreement and (ii) held as a trust fund and shall not be subject to any Lien, attachment, trustee process or other judicial process of any creditor of any Person. The Purchase Price Escrow Account shall be used to satisfy the rights and obligations of the Parties with respect to any adjustments to the Transaction Cash as described in Section 2.04, and the Parties agree to instruct the Escrow Agent, in the Escrow Agreement, to disburse any funds in the Purchase Price Escrow Account in accordance with this Agreement, specifically Section 2.04(d). In the event of a conflict between the Escrow Agreement and this Agreement, the terms of this Agreement shall govern.
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Purchase Price Escrow Account. The payment owed by the Purchaser under this Agreement in respect of the portion of the Initial Purchase Price designated to be made to the “Purchase Price Escrow Account” shall be made, and shall have discharging effect only if made, into the bank account as notified by the Escrow Agent to the Purchaser and the Seller at least five (5) Business Days prior to the date on which such payment falls due (the relevant bank account, the “Purchase Price Escrow Account” and together with the Indemnification Escrow Account, the “Escrow Accounts”).
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Purchase Price Escrow Account. (i) Subject to the terms and conditions herein and in consideration of the aforesaid sale, conveyance, transfer, assignment and delivery of the Purchased Assets to Buyer, the Buyer agrees to pay to the Seller on the Closing Date, the total amount of $23,000,000 (the "Purchase Price") as set forth in Section 2.2(b) below.
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Purchase Price Escrow Account. Borrower shall have established with CoBank the escrow account into which the portion of the Advance representing the Purchase Price other than the Post Closing Adjustment Amount, is to be disbursed ("PURCHASE PRICE ESCROW ACCOUNT") and shall have executed such escrow agreements and/or other documentation as CoBank shall require in connection therewith.
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Purchase Price Escrow Account. (a) Notwithstanding anything to the contrary in the Investment Agreement, Section 2.3(a) of the Investment Agreement shall be disregarded for all purposes, and the following shall be deemed to replace it in its entirety:
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Related to Purchase Price Escrow Account

  • Purchase Price Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows:

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Purchase Price and Deposit The total purchase price ("Purchase Price") for the Property shall be an amount equal to $14,000,000.00, payable by Purchaser, as follows:

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • Establishment of Escrow Account; Deposits in Escrow Account With respect to those Mortgage Loans on which the Servicer or any Sub-Servicer collects Escrow Payments, if any, the Servicer shall, and shall cause the Sub-Servicer to, segregate and hold all funds collected and received pursuant to each such Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of trust accounts. Such Escrow Accounts shall be established with a commercial bank, a mutual savings bank or a savings and loan association the deposits of which are insured by the FDIC in a manner which shall provide maximum available insurance thereunder, and which may be drawn on by the Servicer. The Servicer shall give notice to the Trustee of the location of any Escrow Account, and of any change thereof, prior to the use thereof. Nothing in this paragraph shall be deemed to require the Servicer to collect Escrow Payments in the absence of a provision in the related Mortgage requiring such collection. The Servicer shall deposit, or cause to be deposited, in any Escrow Account or Accounts on a daily basis, and retain therein, (i) all Escrow Payments collected on account of any Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (ii) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property. The Servicer shall make withdrawals therefrom only to effect such payments as are required under this Agreement, and for such other purposes as are set forth in Section 5.11. The Servicer shall be entitled to retain any interest paid on funds deposited in the Escrow Account by the depository institution other than interest on escrowed funds required by law to be paid to the related Mortgagor and, to the extent required by law, the Servicer shall pay interest on escrowed funds to the related Mortgagor notwithstanding that the Escrow Account is non-interest-bearing or that interest paid thereon is insufficient for such purposes.

  • Purchase Price Payments 22 Section 10.02. The Purchaser Note................................. 22 ARTICLE XI Confidentiality.................................... 23 ARTICLE XII Term............................................... 24

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

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