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).

• Until such time as the Proceeds and Escrow Earnings are distributed to the Company in accordance with Section 3.3 below, the Company shall not be entitled to, nor shall the Company have any rights, interest or claims to, any of the Proceeds or Escrow Earnings held in the Escrow Account.

• For Tax reporting purposes, all Escrow Earnings in any Tax year shall be reported as allocated to the Stockholders in accordance with their respective ownership of Escrowed Shares until the release of the Escrowed Shares to the Stockholders or the cancellation of the Escrowed Shares.

More Definitions of Escrow Earnings

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

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 1.03(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 means all interest and income, if any, earned on the Deposited Funds.

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) 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.