Examples of Environmental Escrow Amount in a sentence
The Environmental Escrow Amount shall be the sole recourse of Buyer to satisfy any claims of Buyer for indemnification arising from any breach by Seller of Section 4(m).
The Environmental Escrow Amount shall be held and disbursed solely for the purposes and in accordance with the terms hereof and the Escrow Agreement.
Upon completion of such environmental assessment, the Parent shall cause a copy of all written reports and analytical results to be delivered to the Company and the Parent and the Company shall engage in a good faith effort to mutually agree in writing on an amount to be deposited into the Rochester Environmental Escrow Account to provide the indemnification set forth in Section 10.2(b)(i)(B) (the "Rochester Environmental Escrow Amount").
Seller hereby authorizes and instructs Buyer, at the Closing, to deduct the General Escrow Amount and the Environmental Escrow Amount from the Purchase Price, and deliver such funds to the Escrow Agent to be held in the General Escrow Account or the Environmental Escrow Account, as applicable, in accordance with the terms and conditions of this Agreement and the Escrow Agreement.
The Company and the Parent shall have agreed upon the Rochester Environmental Escrow Amount.