Common use of Recourse against Escrowed Funds Clause in Contracts

Recourse against Escrowed Funds. Subject to Section 12.17 hereof, a Buyer Indemnified Party shall be entitled to payment only out of the Holdback Amount pursuant to the terms of this Article XI and the Indemnification Escrow Agreement for all amounts due to a Buyer Indemnified Party with respect to any claim by a Buyer Indemnified Party against Seller for Buyer Indemnified Representation Costs payable under this Article XI.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Commodore Media Inc), Asset Purchase Agreement (Capstar Broadcasting Partners Inc), Asset Purchase Agreement (Capstar Broadcasting Partners Inc)

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Recourse against Escrowed Funds. Subject to Section 12.17 hereof, a Buyer Indemnified Party shall be entitled to payment only out of the Holdback Amount pursuant to the terms of this Article XI and the Indemnification Escrow Agreement for all amounts due to a Buyer Indemnified Party with respect to any claim by a Buyer Indemnified Party against Seller for Buyer Indemnified Representation Costs payable under this Article XI.Buyer

Appears in 1 contract

Samples: Asset Purchase Agreement (Capstar Broadcasting Partners Inc)

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Recourse against Escrowed Funds. Subject to Section 12.17 hereof, a A Buyer Indemnified Party shall be entitled to payment only out of the Indemnification Holdback Amount pursuant to the terms of this Article XI 11 and the Indemnification Closing Escrow Agreement for all amounts due to a Buyer Indemnified Party with respect to any claim by a Buyer Indemnified Party against Seller for Buyer Indemnified Representation Costs payable under this Article XI11, except that this limitation shall not apply to claims for fraud pursuant to Section 12.17.

Appears in 1 contract

Samples: Asset Purchase Agreement (Atrium Companies Inc)

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