Escrow Amount 1 definition

Escrow Amount 1 means the sum of £685,449 to be placed into the Escrow Account 1 and released to the Seller and the Purchaser in accordance with the provisions of Clause 5.4.
Escrow Amount 1 means $6,500,000.00 (in words: US Dollar six million five hundred thousand).
Escrow Amount 1 means US$1,110, 410;

Examples of Escrow Amount 1 in a sentence

  • The Escrow Amount 1 shall serve as a source of funding to secure any claims of Purchaser under this Agreement and the transactions contemplated therein (including, in particular, any claims under Clause 5.3 and for indemnification of claims for all Seller Guarantees DB1/ 93370130.5 8 (including any Fundamental Seller Guarantees) as well as and for specific indemnification in accordance with Clause 12 and 13).

  • The Escrow Amount, as may be increased from time to time by interest accruing thereon if applicable and as reduced from time to time by any amounts paid out to the Purchaser from the Escrow Amount (the Escrow Fund), will be maintained by the Escrow Agent, whereby the Escrow Amount 1 shall be maintained until the Escrow Release Date 1 and the Escrow Amount 2 shall be maintained until the Escrow Release Date 2.

  • Any time there is a claim of the Purchaser covered by the Escrow Amount 2, such claim of the Purchaser shall in the first instance be debited against the Escrow Amount 2, and (only after there are no more funds available under the Escrow Amount 2) in the second instance against the Escrow Amount 1.


More Definitions of Escrow Amount 1

Escrow Amount 1 shall have the meaning set out in Article 2.3(a).

Related to Escrow Amount 1