Escrow Earnings definition

Escrow Earnings has the meaning set forth in Section 2.4.5.

Escrow Earnings means the interest or other income earned from the investment of the Escrow Amount or any portion thereof.

Escrow Earnings has the meaning set forth in Section 5 of this Escrow Agreement.

Examples of Escrow Earnings in a sentence

• The Escrow Agent shall report all Escrow Earnings on Form 1099 or other appropriate forms with respect to each calendar year during the term of this Agreement in a manner consistent with the provisions of this Section 5(a).

• CRT, the Charity, and the Company hereto hereby appoint, and the Escrow Agent hereby accepts such appointment as, and agrees to act throughout the Escrow Period as, the escrow agent to hold, safeguard and disburse the Escrow Fund and the Escrow Earnings (defined below) pursuant to the terms and conditions hereof.

• The Escrow Agent shall immediately establish and open an account to receive, invest, hold and disburse the funds that constitute (i) the Escrow Consideration (the “Escrow Fund”) and (ii) the Escrow Earnings (defined below).

• If, however, after the disbursement of the Special Escrow Earnings and Four Hundred Million Dollars ($400,000,000), Visteon submits a Request for Escrow Reimbursement in the amount of $5 million, then the Escrow Agent shall disburse to Visteon with respect to such request the lesser of the amounts remaining in the Escrow Fund and $5 million.

• At the time of delivery of any Officer’s Certificate to the Escrow Agent, a duplicate copy of such Officer’s Certificate shall be delivered to Escrow Fund Recipient Agent and for a period of twenty (20) days after such delivery, the Escrow Agent shall make no delivery to Purchaser of any amount from the Escrow Fund or the After-Tax Escrow Earnings pursuant to Section 4(a) hereof unless the Escrow Agent shall have received written authorization from Escrow Fund Recipient Agent to make such delivery.

More Definitions of Escrow Earnings

Escrow Earnings has the meaning set forth in Section 2.7(c).

Escrow Earnings means all interest and income, if any, earned on the Deposited Funds. “Escrow Funds” shall mean the Deposited Funds, together with the Escrow Earnings. “Final Determination” shall have the meaning ascribed thereto in Section 4(d)(iii) hereof. “Indemnified Parties” shall have the meaning ascribed thereto in Section 9 hereof. “Joint Written Direction” shall mean a written direction executed jointly by the Buyer and Seller directing the Escrow Agent to take or refrain from taking an action pursuant to this Escrow Agreement. “Negotiator” shall have the meaning ascribed thereto in Section 19(a) hereof. 2.

Escrow Earnings means all interest and income, if any, earned on the Deposited Funds.

Escrow Earnings has the meaning set forth in the Escrow Agreement.

Escrow Earnings means, with respect to any Escrow Payment, (i) to the extent that the Escrow Payment is payable in cash (other than any cash Interim Dividends) and is (A) made pursuant to Section 2.6(f) or 2.7(c) of the Purchase Agreement, as provided in the Escrow Claim Notice, interest on the cash portion of such Escrow Payment from the date of the Closing to the date of payment at the Agreed Rate calculated on an actual over 365-day basis, or (B) for indemnification under Section 2.7(d) or 7.2 of the Purchase Agreement, as provided in the Escrow Claim Notice, interest on the cash portion of such Escrow Payment at the Agreed Rate calculated on an actual over 365-day basis from the date of the Escrow Claim Notice with respect thereto until the date such Escrow Payment is made, and (ii) to the extent that the Escrow Payment is payable in shares of Parent Class A Common Stock, Interim Dividends made in respect of such shares.

Escrow Earnings means, with respect to any payment from the Escrow Account pursuant to the Purchase Agreement and this Agreement to the extent that the payment is (A) made pursuant to Section 2.8(f) or 2.9(c) of the Purchase Agreement, as provided in the Escrow Claim Notice, interest on such payment from the date of the Closing to the date of payment at the Agreed Rate calculated on an actual over 365-day basis, or (B) for indemnification under Section 2.9(d) or 7.2 of the Purchase Agreement, as provided in the Escrow Claim Notice, interest on such payment at the Agreed Rate calculated on an actual over 365-day basis from the date of the Escrow Claim Notice with respect thereto until the date such payment is made.

Escrow Earnings has the meaning set forth in Section 2.5(g)(i) of this Agreement.