Escrow Account Balance definition

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

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

Examples of Escrow Account Balance in a sentence

• Until the termination of this Agreement, the Escrow Account Balance shall be fully invested and reinvested in a JPMorgan Chase Bank Money Market Account, or as otherwise mutually instructed by Buyer and the Sellers' Representative and acceptable to the Escrow Agent, by the Escrow Agent, who shall have the authority to liquidate any investment as required to administer its duties hereunder.

• 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.

• The funds deposited in the Escrow Account together with all interest earned thereunder being referred to herein as the "Escrow Account Balance." Subject to BOG's right to set-off all or any portion of the Escrow Account Balance against amounts otherwise owing by Participant as provided in Section 7.5 below, upon Participant's payment of the Geophysical Program Costs incurred for the last Project Area designated hereunder, the entire Escrow Account Balance shall be released to Participant.

• 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.

• The parties acknowledge that the Escrow Agent shall not be responsible for any diminution in value of the Escrow Account Balance due to losses resulting from authorized investments made pursuant to this Agreement.

More Definitions of Escrow Account Balance

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 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”;

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. As set forth in Section 4.13 herein.

Escrow Account Balance means the amount, if any, held in the Escrow Fund by the Escrow Agent pursuant to this Agreement on the Distribution Date, including the initial escrow deposit of $5,000,000 made pursuant to Section 2 of this Agreement and all income and interest earned on and profits realized from and proceeds of investments of the Escrow Fund, LESS, however, any losses incurred from investments of the Escrow Fund and any amounts paid or owing from the Escrow Fund on or prior to the Distribution Date pursuant to Section 5 hereof to pay expenses or fees of the Escrow Agent, to pay amounts payable to the Surviving Corporation for Reimbursable Expenses and certain taxes payable by the Surviving Corporation pursuant to Section 8 hereof, to pay expenses of the Stockholder Representatives, or to pay a Final Judgment Amount or Approved Settlement Amount to the Surviving Corporation.

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.