Examples of Adjustment Escrow Agent in a sentence
Upon receipt of the Purchase Price Adjustment Escrow Amount, the Price Adjustment Escrow Agent shall immediately deposit the Purchase Price Adjustment Escrow Amount into an interest-bearing account.
The Adjustment Escrow Agreement, duly executed by Buyer, Charter and the Adjustment Escrow Agent if required pursuant to Section 2.4(b).
Prior to the settlement of any such dispute, the Adjustment Escrow Agent is authorized and directed to retain in its possession, without liability to anyone, that portion of the Adjustment Escrowed Funds and the interest and other investment income earned thereon which is the subject of such dispute.
This Agreement shall terminate upon the distribution of all of the Adjustment Escrowed Funds and the interest and other investment income earned thereon by the Adjustment Escrow Agent, or its successor, if any.
The Adjustment Escrow Agent may consult with counsel and shall have no liability hereunder except for its own bad faith, gross negligence or willful misconduct.