Escrow Assets definition

Escrow Assets means (i) the Escrow Amount, (ii) the Claims Proceeds, (iii) any investments purchased with Escrow Assets, (iv) any assets otherwise deposited in the Escrow Account and (v) all proceeds of each of the foregoing, including Earnings.

Escrow Assets means cash and/or direct obligations of the United States of America (U.S.A.) or the State of Michigan, or obligations for which the principal and interest are unconditionally guaranteed by the U.S.A. or the State of Michigan, or certificates of deposit of any financial institution to the extent insured by an agency of the United States Government.

Escrow Assets means the Escrow Assets set forth on Schedule A hereto and deposited with Escrow Agent pursuant to Section 3 of this Agreement.

Examples of Escrow Assets in a sentence

• The Escrow Agent, upon submission of its resignation in accordance with this subparagraph (b) may deposit the Escrow Assets with a court of competent jurisdiction if the Escrow Agent deems such action advisable.

• Upon the final distribution of all of the Escrow Assets, this Agreement shall terminate and the Escrow Agent shall have no further obligations or liabilities hereunder.

• The Escrow Agent shall have no responsibility at any time to ascertain whether or not any security interest exists in the Escrow Assets or any part thereof or to file any financing statement under the Uniform Commercial Code of any state with respect to the Escrow Assets or any part thereof.

• The Company shall pay or reimburse the Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Assets incurred in connection herewith and shall indemnify and hold harmless the Escrow Agent from any amounts that it is obligated to pay in the way of such taxes.

• Such resignation or removal shall take effect upon delivery of the Escrow Assets to a successor escrow agent designated in writing by the Company, and the Escrow Agent shall thereupon be discharged from all obligations under this Agreement, and shall have no further duties or responsibilities in connection herewith.

More Definitions of Escrow Assets

Escrow Assets has the meaning set forth in Section 1.7 hereof.

Escrow Assets means the Indemnity Holdback Shares.

Escrow Assets means the 20,000 shares of Digital Angel Series A Preferred Stock to be delivered at Closing to the Escrow Trustee pursuant to the Escrow Agreement.

Escrow Assets or “Assets” means those assets deposited into the Escrow Account in accordance with Paragraphs 3 hereof and/or any substitutions or replacements therefor and/or any investments or reinvestments thereof in accordance with this Agreement.

Escrow Assets has the meaning set forth in Section 11.2(b) of this Agreement.

Escrow Assets means the Initial Escrow Assets and all other Qualified Assets conveyed, assigned and transferred to the Escrow by the Grantor or otherwise.

Escrow Assets means the Indemnity Holdback Shares and the Defect Escrow Shares and any dividends (whether of cash or shares of Parent Common Stock) in respect of the Indemnity Holdback Shares and Defect Escrow Shares, as applicable, delivered to the Escrow Agent by Buyer Parent on behalf of Seller.