Common use of Purpose of the Escrow Fund Clause in Contracts

Purpose of the Escrow Fund. 3.1 The purpose of the Escrow Fund is to deposit a designated portion of the Purchase Price to provide a source to fund any Chip Change Credit, any Purchase Price Deduct, and any indemnification obligation of Seller pursuant to Section 8.1 of the Purchase Agreement.

Purpose of the Escrow Fund. 3.1 The purpose of the Escrow Fund is to deposit a designated portion of the Purchase Price to provide a source to fund any Chip Change Credit, any Purchase Price Deduct, Deduct and any indemnification obligation of Seller pursuant to Section 8.1 of the Purchase Agreement.. 2

Purpose of the Escrow Fund. 3.1 The purpose of the Escrow Fund is to deposit a designated portion of the Purchase Price to provide a source for the payment to fund Parent of any Chip Change Credit, any Purchase Price Deduct, adjustment(s) to the Merger Consideration pursuant to the provisions of Section 2.5(b) and Section 2.5(c) of the Merger Agreement and for the payment of any indemnification obligation of Seller pursuant to Section 8.1 obligations of the Purchase Shareholders under Article 9 of the Merger Agreement.

Purpose of the Escrow Fund. 3.1 The purpose of the Escrow Fund is to deposit a designated portion of the Purchase Price to provide a source to fund any Chip Change Credit, any Purchase Price Deduct, the release or other disposition of any tax liens on the Assets to be Acquired and any indemnification obligation of Seller pursuant to Section 8.1 of the Purchase Agreement.