General Indemnity Escrow Amount definition

General Indemnity Escrow Amount means an amount equal to $1,462,500.
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General Indemnity Escrow Amount shall equal One Million Dollars ($1,000,000).
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General Indemnity Escrow Amount shall have the meaning ascribed to such term in Section 2.5(c).
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Examples of General Indemnity Escrow Amount in a sentence

  • Promptly after the Effective Time, but in no event later than one Business Day thereafter, the General Indemnity Escrow Amount will be deposited by Parent in an escrow account (the “ General Indemnity Escrow Account”) with the Escrow Agent in accordance with the terms of the Escrow Agreement to secure claims by the Parent Indemnified Persons for indemnification in accordance with Article VIII (including to fund payments related to Appraisal Shares).

  • The release of the General Indemnity Escrow Amount to the Paying Agent for further distribution to the Escrow Participants, net of the amounts of claims for indemnification that have been noticed or filed under Article VIII, will occur in accordance with the applicable terms hereof in Section 1.8(e), Section 1.12(c), Article VIII and of the Escrow Agreement; provided that in the event of any conflict between this Agreement and the Escrow Agreement, the terms of the Escrow Agreement will control.

  • None of the General Indemnity Escrow Amount or the Tax Escrow Amount shall, under any circumstance, be used to support any claim for indemnification of the Shareholder Indemnified Parties or the Shareholder Representative Committee.

  • The aggregate liability of any Shareholder for all Purchaser Losses payable pursuant to Section 11.1(a)(i) or Section 11.1(a)(ii) shall be limited to any amount of the All-Cash Scenario Payment, the Equity Roll-Over Scenario Payment, the Downpayment, the Tax Escrow Amount or the General Indemnity Escrow Amount paid to such Shareholder or to the Shareholder Representative Committee on behalf of such Shareholder.

  • At Closing, theDownpayment shall not be paid to the Shareholders but shall be transferred to and fund a portion of the General Indemnity Escrow Amount in accordance with the terms hereof and the Downpayment Escrow Agreement.


More Definitions of General Indemnity Escrow Amount

General Indemnity Escrow Amount has the meaning set forth in Section 2.2(a)(i)(D).
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General Indemnity Escrow Amount means One Million Five Hundred Thousand Dollars ($1,500,000).
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General Indemnity Escrow Amount means five million dollars ($5,000,000) together with any earnings thereon, which amount is to be deposited by Parent with the Escrow Agent into the Escrow Account in accordance with the terms of this Agreement and held and released pursuant to the terms and subject to the conditions set forth in this Agreement and the Escrow Agreement.
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General Indemnity Escrow Amount has the meaning set forth in Section 2.3(c)(i)(2).
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General Indemnity Escrow Amount means $10,000,000.
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General Indemnity Escrow Amount has the meaning set forth in Section 1.04(a).
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General Indemnity Escrow Amount is defined in SECTION 8.6(a).
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