General Escrow Fund definition

General Escrow Fund has the meaning set forth in Section 9.1(b).

General Escrow Fund means the General Escrow Amount deposited in the General Escrow Account, together with any interest, income or profits thereon.

General Escrow Fund means a fund totaling Thirty-Three Million One Hundred Thousand dollars ($33,100,000) that shall be maintained as a separate account in the Escrow, which shall be established on the Closing Date.

Examples of General Escrow Fund in a sentence

• Pursuant to the indemnification obligations of the Closing Company Shareholders set forth in this Article IX, the General Escrow Fund shall be available to compensate Acquiror for General Indemnifiable Damages only pursuant to Section 9.2(a).

• The Escrow Agent shall deliver all of the Bonus Escrow Fund and the General Escrow Fund not previously paid out as provided in this Agreement to such successor agent in accordance with such instructions and, upon receipt of the Bonus Escrow Fund and the General Escrow Fund, the successor agent shall be bound by all of the provisions hereof.

• A vacancy in the position of Representative may be filled by the holders of a majority in interest of the cash then on deposit in the General Escrow Fund.

• The Escrow Agent will be entitled to rely on any such memorandum and will distribute the cash as soon as practicable from the General Escrow Fund in accordance with the terms thereof.

• The General Escrow Fund, less the amount of any claims made or paid for General Indemnifiable Damages during the General Escrow Period pursuant to the provisions of this Article IX and less the amount of any General Unresolved Claims, shall be paid to the Closing Company Shareholders within five (5) Business Days after the expiration of the General Escrow Period in accordance with such Closing Company Shareholder’s Pro Rata Share.

More Definitions of General Escrow Fund

General Escrow Fund means, as of any time, the General Escrow Amount, including any interest or other amounts earned thereon prior to such time, less (i) any investment losses thereon incurred prior to such time and (ii) disbursements therefrom prior to such time in accordance with this Agreement and the Escrow Agreement.

General Escrow Fund has the meaning set forth in Section 2.5(b).

General Escrow Fund means the escrow fund pursuant to which the General Escrow Amount shall be maintained for the purposes of satisfying claims brought pursuant to Section 11 of the Agreement.

General Escrow Fund means the account into which the General Escrow Amount is deposited.

General Escrow Fund is defined in Section 2.3(b).

General Escrow Fund has the meaning given in Section 3(a).

General Escrow Fund means an amount in cash equal to $8,000,000.