Escrow Earnings definition

Escrow Earnings has the meaning set forth in Section 2.4.5.

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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).

• At the 24 month anniversary of the Closing Date, all remaining Escrow Funds and Escrow Earnings will be allocated among and paid to Sellers as set forth on Exhibit C less amounts for which Buyer has submitted a Written Direction.

• If, for some reason, both the Selling Parties’ Representative and Buyer agree to invest the Cash Escrow Amount (plus any Escrow Earnings received as cash) in a different investment vehicle, the Selling Parties’ Representative and Buyer will issue a Joint Instruction to the Escrow Agent selecting a different investment vehicle for the Cash Escrow Amount (plus any Escrow Earnings received as cash).

More Definitions of Escrow Earnings

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

Escrow Earnings is defined in Section 8.27(b).

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) of the Purchase Agreement, as provided in the Escrow Claim Notice, or Section 4.2(a)(i)(A) of this Agreement, interest on the cash portion of such Escrow Payment from the date of the Closing or, in the case of Section 4.2(a)(ii)(B), from the date of deposit, to the date of payment at the Agreed Rate calculated on an actual over 365-day basis, or (B) for indemnification under Section 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 has the meaning set forth in Section 2.8(j).

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

Escrow Earnings means, with respect to any payment from the Escrow Account pursuant to the Purchase Agreement and this Agreement to the extent

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