Indemnification Escrow Termination Date definition

Indemnification Escrow Termination Date means the first anniversary of the Closing Date.
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Indemnification Escrow Termination Date shall be the date that falls on the fifteenth (15/th/) month following the Closing Date.
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Indemnification Escrow Termination Date has the meaning set forth in Section 5(a).
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Examples of Indemnification Escrow Termination Date in a sentence

  • At any time following the Indemnification Escrow Termination Date, to the extent the available balance in the Indemnification Escrow Account exceeds the aggregate portion of the Escrow Amount claimed by the Buyer pursuant to claims made prior to such Indemnification Escrow Termination Date and not fully resolved prior to the time of determination, such excess shall be promptly released to the Seller Representative on behalf of the Sellers.

  • Notwithstanding the foregoing, any such claim for indemnification for which notice has been given prior to the Indemnification Escrow Termination Date may be prosecuted to conclusion (and such party seeking indemnification shall be entitled to be indemnified for all Losses related thereto, subject to the other limitations contained in this Article X) notwithstanding the subsequent expiration of such period.

  • After the Indemnification Escrow Termination Date, the Escrow Agent shall only release all or any amount of the Reserved Portion of the Indemnification Escrow Asset to Purchaser or the Shareholders or Executives in accordance with Section 3(g) hereof.

  • First Indemnification Escrow Termination Date who have the meaning set are in.

  • For the avoidance of doubt, the preceding sentence shall survive the Indemnification Escrow Termination Date and the Litigation Escrow Termination Date.

  • Any Reserved Portion shall continue to be held in escrow under this Agreement by the Escrow Agent until the claims contained in any Claim Notice(s) applicable to the Indemnification Escrow Asset described in Section 3(d) below become resolved, even if such claims have not been finally resolved prior to the Indemnification Escrow Termination Date.


More Definitions of Indemnification Escrow Termination Date

Indemnification Escrow Termination Date has the meaning set forth in Section 10.4(a).
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Indemnification Escrow Termination Date is defined in Section 1.6(b). “Indemnified Party” is defined in Section 10.5(h). “Indemnifying Party” is defined in Section 10.6(a). “Intellectual Property” means any or all intellectual property and industrial property rights and assets, and all rights in, arising out of, or associated therewith, however arising, pursuant to the Laws of any and all jurisdictions throughout the world, whether registered or unregistered, including any and all:
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Indemnification Escrow Termination Date means the date that is twenty-four (24) months following the Closing Date.
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Indemnification Escrow Termination Date means the first anniversary of the Closing Date. “Indemnified Losses” shall have the meaning ascribed to such term in Section 7.3(b).
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Indemnification Escrow Termination Date has the meaning set forth in Section 12.7(b).
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Related to Indemnification Escrow Termination Date

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Indemnification Period means the period of time during which Indemnitee shall continue to serve as a director or as an officer of the Corporation, and thereafter so long as Indemnitee shall be subject to any possible Proceeding arising out of acts or omissions of Indemnitee as a director or as an officer of the Corporation.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Indemnification Event means any event, action, proceeding or claim for which a Person is entitled to indemnification under this Agreement.

  • Agreement Termination Date is defined in Section 7.4.

  • Lease Termination Date means the last day of the Lease Term.

  • Fraud Loss Coverage Termination Date The point in time at which the Fraud Loss Coverage Amount is reduced to zero.

  • Servicer Termination Notice Defined in Section 6.15.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Indemnity Escrow Amount means $3,000,000.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.