Examples of Escrow Agent in a sentence
The Escrow Agent shall pay to any Indemnified Person(s) all Liabilities and Expenses payable by the Company under this Section 17.
As security for its obligation under this Section 17, the Company shall place in escrow with the Escrow Agent from the flow of funds for the Placement $200,000 (the “Indemnification Escrow Fund”).
In addition, on the Closing Date, the Purchaser shall deposit the Adjustment Escrow Shares and the Indemnification Escrow Shares with the Escrow Agent as set forth in Section 3.4.
All releases of amounts from the Indemnification Escrow Fund to the Company shall require that the Company and the Placement Agent provide the Escrow Agent with joint written instructions to release the applicable amount of the Indemnification Escrow Fund to the Company.