Escrow Account Balance definition

Escrow Account Balance has the meaning set forth in Exhibit H.

Escrow Account Balance has the meaning set forth in Section 4 of this Agreement.

Escrow Account Balance means, at any time, the amount of cash and cash equivalents in the Escrow Account at that time; “Escrowed Securities” has the meaning given in “Escrowed Securities”;

Examples of Escrow Account Balance in a sentence

• Interest which accrues on the Escrow Account Balance (together with any interest accruing on amounts credited to the account as interest), is for the benefit of Federation.

• If an Escrow Claim becomes an Agreed Claim (which, for the avoidance of doubt, may occur at any time before or after the Escrow Payment Date), Federation and AusSuper must, on the next Business Day, direct the Escrow Bank to pay to AusSuper from the Escrow Account the Agreed Claim Amount up to the extent of the Escrow Account Balance (provided that such Agreed Claim Amount is satisfied in accordance with clause 7.14).

• The Escrow Agent shall provide to the Sellers' Representative and Buyer monthly statements reflecting the Escrow Account Balance and the income earned thereon.

• Any release of the Escrow Account Balance to the Sellers' Representative shall not be deemed or construed as a release of Sellers or Sellers' Representative, by Buyer, from any liability relating to the Purchase Agreement or this Agreement.

• On Settlement or other Determination of any such Escrow Account Claim the Escrow Agent shall pay to the Buyers from the Escrow Account an amount equal to the amount of the liability (as so Settled or Determined) in satisfaction of the relevant liability or, if the aggregate amount in the Escrow Account is less than the amount of the liability, the Escrow Account Balance towards satisfaction of the relevant liability.

More Definitions of Escrow Account Balance

Escrow Account Balance means, at any relevant time, the then amount standing to the credit of the Escrow Account (comprising the Escrow Amount) (i) plus any interest or profit generated therefrom, (ii) less any payments made from the Escrow Account to any Buyer pursuant to Clause 4.5, any payments made to the Sellers pursuant to Clause 4.4 and any amounts to which Clause 4.6 applies;

Escrow Account Balance means, at any given time after Closing, the funds remaining in the Escrow Account, including any amount of interest actually earned thereon/

Escrow Account Balance. (i) the Initial Deposit plus accrued interest thereon to the end of the Fixed Period and (ii) after the payment of an amount payable pursuant to Section 4(b), the amount of funds remaining in the Escrow Account together with any interest earned thereon less any amount previously paid to the Charterer pursuant to Section 4(b)(ii).

Escrow Account Balance. As set forth in Section 4.13 herein.

Escrow Account Balance means, at any time, the amount of cash and cash equivalents in the Escrow Account at that time; “FDA” means the United States Food and Drug Administration;

Escrow Account Balance has the meaning given in the Escrow Agreement.

Escrow Account Balance means at the relevant time and from time to time, the principal amount credited to the Escrow Account (to avoid doubt, excluding any interest on that principal amount).