Escrow Proceeds Recipient definition

Escrow Proceeds Recipient means MK Malta or such other Subsidiary of Capri Holdings that, upon satisfaction of the Escrow Release Conditions, shall receive the Escrow Account Funds pursuant to the Escrow Agreement and shall apply (or cause to be applied) such proceeds to the payment of the cash consideration of the Target Acquisition and the Transaction Costs.
Sample 1Sample 2Sample 3
Escrow Proceeds Recipient means MK Malta or such other Subsidiary of MK Holdings that, upon satisfaction of the Escrow Release Conditions, shall receive the Escrow Account Funds pursuant to the Escrow Agreement and shall apply (or cause to be applied such proceeds to the payment of the cash consideration of the Target Acquisition and the Transaction Costs.
Sample 1Sample 2

Related to Escrow Proceeds Recipient

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrowed Proceeds shall include any interest earned on the amounts held in escrow.

  • Escrow Cash is defined in Section 4.1(a).

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Amount means $5,000,000.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Professional Fee Escrow means an escrow account established and funded pursuant to section 2.6 of the Plan.

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).