Indemnification Escrow definition

Indemnification Escrow has the meaning set forth in Section 3.1 of the Agreement.

Indemnification Escrow means the Escrow Account opened for the purpose of holding the Microfield Common Stock held back pursuant to Section 2.7.

Indemnification Escrow has the meaning set forth in Section 2.04(d).

Examples of Indemnification Escrow in a sentence

• Prior to the Release Date, the Shareholders’ Representative and the SPAC shall jointly issue to the Escrow Agent a certificate executed by each of them instructing the Escrow Agent to release such number of Indemnification Escrow Shares determined in accordance with this Section 10.3(d).

• Any and all payments due and owing from the Selling Parties under Section 7.5 or Section 7.6(a) shall be satisfied first from the Indemnification Escrow, without a requirement to replenish and second, from the Selling Parties, jointly and severally, in cash by check or wire transfer.

• Any and all payments due and owing from the Selling Parties under Section 7.5 or Section 7.6(a) shall be satisfied first from the Indemnification Escrow, without a requirement to replenish and second, from the Seller Parties, jointly and severally, in cash by check or wire transfer.

• At the termination of the periods specified in clauses (i) or (ii) above, Buyer and Seller Representative shall each execute and deliver to the Escrow Agent joint written instructions within three (3) Business Days of such termination, which instructions shall otherwise be in accordance with the Escrow Agreement, to cause the Escrow Agent to transfer on such the unreserved portion of the Indemnification Escrow, if any, to Seller.

• In addition, on the Closing Date, the Purchaser shall deposit the Adjustment Escrow Shares and the Indemnification Escrow Shares with the Escrow Agent as set forth in Section 3.4.

More Definitions of Indemnification Escrow

Indemnification Escrow has the meaning specified in Section 2.4(a)(v).

Indemnification Escrow. Section 2.10(a)

Indemnification Escrow means $15,000,000.

Indemnification Escrow means a dollar amount equal to the Indemnification Cap.

Indemnification Escrow means the escrow account in the amount of $20 million to address Reorganized ASARCO’s anticipated indemnification obligations arising under the Plan or separate order of the Bankruptcy Court, to be established pursuant to Article 11.8(b) of the Plan.

Indemnification Escrow means the escrow account in the amount of $20 million to address Reorganized ASARCO’s anticipated indemnification obligations, pursuant to Article 11.8(b) of the Plan.

Indemnification Escrow means the portion of the Escrow Account designated for the Indemnification Escrow Amount to be held by the Escrow Agent in accordance with the terms of the Escrow Agreement.