Examples of Holdback Escrow Agent in a sentence
The Holdback will be held, maintained, administered and disbursed by the Holdback Escrow Agent in accordance with the terms and provisions hereof, of the FM Asset Purchase Agreement and of the Holdback Escrow Agreement, with the terms of the Holdback Escrow Agreement controlling in the event of any conflict.
In the event that the Buyer suffers any Loss(es), for which the Buyer is entitled to indemnification hereunder for which the Holdback Cash shall not be sufficient to fully indemnify Buyer as provided in Article 11, Buyer shall have the right at the time of payment of any such Claim(s) to payment of the deficit by transfer to Buyer by the Holdback Escrow Agent of such number of the Escrowed Shares that shall have an aggregate Fair Market Value that is sufficient to pay such deficit.
LBI Holdings and Buyer shall be entitled to receive any amounts owing by Seller to LBI Holdings or Buyer pursuant to this Agreement or the AM Asset Purchase Agreement (including Article X hereof and thereof) from the Holdback and Seller agrees to promptly give the Holdback Escrow Agent written instructions to immediately release such amounts from the Holdback to LBI Holdings.
Escrow Agent shall hold such Escrow Money (and interest, income and proceeds thereof) in a segregated account or accounts entitled "Mellon Bank, N.A., as Indemnity Holdback Escrow Agent pursuant to the Escrow Agreement dated as of October 2, 1995," and invest and disburse it pursuant to the terms of this Agreement.
At Closing, Buyer shall deposit $10,000,000 in cash (the "Holdback") in escrow with Wachovia Bank, N.A. (the "Holdback Escrow Agent"), pursuant to the Holdback Escrow Agreement as of the Closing Date (in the form attached hereto as Exhibit 2.5) among Buyer and Seller and the Holdback Escrow Agent.