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

• For Tax reporting purposes, all Escrow Earnings earned from the investment of the Escrow Property or any portion thereof in any Tax year shall be reported as allocated to Nex-Tech until the release of the Escrow Property (or portions thereof) to Nex-Tech or the Lender in accordance with this Agreement.

• Upon execution hereof, Nex-Tech shall deliver to the Escrow Agent (i) $90,000.00 in immediately available funds (such amount as increased by any Escrow Earnings (as defined below) and reduced by any disbursements, amounts withdrawn or losses on investments, the “Escrow Property”) to account designated by the Escrow Agent (the “Escrow Account”).

• On the date of any distribution to Seller by the Escrow Agent of funds from the Closing Deposit, the Escrow Agent shall distribute to Seller the Closing Deposit Escrow Earnings on such distribution.

• For income tax purposes, Seller shall include in its income any interest, dividends and other amounts earned on the Closing Deposit ("Closing Deposit Escrow Earnings") prior to disbursement of the Closing Deposit to Seller.

• Any Escrow Earnings shall become part of the Escrow Property and shall be disbursed in accordance with Section 1.3 of this Escrow Agreement.

More Definitions of Escrow Earnings

Escrow Earnings has the meaning set forth in Section 2.2(b).

Escrow Earnings is defined in Section 8.27(b).

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, 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 has the meaning set forth in Section 1.03(b).

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

Escrow Earnings has the meaning set forth in the Escrow Agreement. 55