Available Escrow Fund definition

Available Escrow Fund means, at any time, the amount then remaining in the Escrow Fund less the amount of any Losses or potential Losses identified in any unresolved Claim Notice or Expected Claim Notice.
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Available Escrow Fund shall be determined by deducting from the Escrow Fund, all amounts paid to the Indemnified Persons for indemnification pursuant to this Section 8 and all amounts to be held in the Escrow Fund beyond the end of the Escrow Period pursuant to Section 8.3(a). After the initial release of the Available Escrow Fund, the Escrow Fund shall be recalculated each time a portion of the Escrow Fund is released to the Indemnifying Parties taking into consideration all amounts paid to the Indemnified Persons for indemnification pursuant to this Section 8, all amounts to be continued to be held in the Escrow Fund and all amounts previously paid to the Indemnifying Parties. Any portion of the Escrow Fund held as a result of Section 8.3(a) shall be released to the Indemnifying Parties or released to the Indemnified Persons (as appropriate) promptly upon resolution of each specific indemnification claim involved. 8.4
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Available Escrow Fund shall have the meaning set forth in Section 6.3(a).
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Examples of Available Escrow Fund in a sentence

  • Within three (3) Business Days after the Initial Termination Date (the “Release Date”), the Escrow Agent shall release from escrow to the Indemnifying Parties an amount equal to their Pro Rata Percentage multiplied by the Available Escrow Fund.

  • The command for time setting is TIME (so much)— for example, TIME TWO SEVEN.

  • The Escrow Agent shall be entitled to rely on any such memorandum and shall distribute the Available Escrow Fund in accordance with the terms thereof.

  • A soil-saturated paste was equilibrated for one hour for the determination of pH by an Orion Research model digital pH meter and electricalconductivity (EC) by digital EC meter (Jansen, 1993).

  • Except for claims for indemnification involving fraud, the Available Escrow Fund shall be the sole andexclusive source of recovery for indemnifiable Losses under this Article VI.

  • Subject to the restrictions and limitations set forth in Article VI and the Escrow Agreement, at 11:59 p.m. Eastern Time on the date that is twenty-four (24) months following the Closing Date, the Available Escrow Fund shall be released to the Company Holders.

  • At the close of business on the date that is 18 months after the Closing Date, any then-remaining Available Escrow Fund shall be released to the Company Stockholders.

  • Upon any release of any Available Escrow Fund to the Company Stockholders, each Company Stockholder shall be paid his, her or its Pro Rata Portion of the amount of the Available Escrow Fund that is released inaccordance with the terms of the Escrow Agreement.

  • Each customer will pay the CTC through his or her distribution utility, even if the customer has chosen a different electric service provider.

  • In FY2017, the Group recorded revenue of S$33.1 million, as compared to S$66.9 million achieved in the previous corresponding financial year.


More Definitions of Available Escrow Fund

Available Escrow Fund means, at any time, the amount then remaining in the Escrow Fund, if any, less the amount of any Damages or estimated Damages identified in any unresolved Claim Notice or Expected Claim Notice.
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Related to Available Escrow Fund

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Indemnity Escrow Amount means $5,000,000.

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Escrow Cash is defined in Section 4.1(a).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Working Capital Escrow Amount means $500,000.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).