Examples of General Escrow Agreement in a sentence
No interest shall accumulate on any cash payable in connection with the Share Purchase (other than interest accrued on the Escrow Cash according to the General Escrow Agreement or the Separate Escrow Agreement, or any portion of the Cash Escrow that may constitute imputed interest as required under section 483 of the Code).
The Escrow Cash shall constitute security for the indemnification obligations of the Closing Company Shareholders pursuant to Article IX, and shall be held in and distributed in accordance with the provisions of the General Escrow Agreement and the Separate Escrow Agreement.
Escrowed Funds in the General Escrow shall be used to satisfy indemnification claims pursuant to Section 12.01, subject to the terms and conditions of Article XII and on the terms and subject to the conditions set forth in the General Escrow Agreement.
The Buyers are depositing $10,000,000, (plus any interest earned thereon, the "Deposit"), with the Escrow Agent (the "Deposit Escrow") pursuant to an escrow agreement to be substantially in the form of Exhibit A (the "Deposit Escrow Agreement," and together with the Adjustment Escrow Agreement, the General Escrow Agreement, the Supplemental Escrow Agreements, and the Bonus Escrow Agreement, the "Escrow Agreements").
At the Closing, the amount set forth on Schedule 1.07 shall be deposited with the Escrow Agent (the "General Escrow") pursuant to an escrow agreement to be mutually agreeable to the Buyers and the Sellers in their reasonable discretion (the "General Escrow Agreement").