Indemnity Escrow Deposit has the meaning set forth in Section 2.07.

Indemnity Escrow Deposit means $17,500,000.

Indemnity Escrow Deposit shall have the meaning set forth in Section 1.02 hereof.

Examples of Indemnity Escrow Deposit in a sentence

Upon settlement of all Disputed Claims outstanding as of the first anniversary of the Closing Date, this escrow shall thereupon terminate, and the remainder of the Indemnity Escrow Deposit held by the Escrow Agent after any payment due to the Buyers shall be paid by the Escrow Agent to the Sellers for the benefit of the Sellers, together with any interest and income earned on the funds so distributed, in accordance with such settlement, written notice of which shall be delivered to the Escrow Agent.
The Indemnity Escrow Deposit or any portion thereof that remains on deposit with the Escrow Agent as of the 12-month anniversary of the Closing Date shall be disbursed to Sellers in accordance with the Indemnity Escrow Agreement.
Immediately upon the consummation of the Closing, and pursuant to the terms of the Indemnity Escrow Agreement, the Indemnity Escrow Deposit will be deposited with the Indemnity Escrow Agent to be held as collateral security for the Piedmont Companies’ obligations to indemnify the Buyer Indemnified Parties under this Article 11.
It is expressly understood that any payment by the Seller pursuant to subsection (iii) of the immediately preceding sentence shall not be made with any funds constituting the Indemnity Escrow Deposit.
The Working Capital Escrow Deposit and the Indemnity Escrow Deposit shall be held and released in accordance with the terms of the Escrow Agreement.

More Definitions of Indemnity Escrow Deposit

Indemnity Escrow Deposit has the meaning given to such term in Section 1.9.

Indemnity Escrow Deposit means $30,175,000.

Indemnity Escrow Deposit means Three Hundred Eighty-Five Thousand Nine Hundred Seventy-Five Dollars ($385,975).

Indemnity Escrow Deposit has the meaning specified in Section 1.4(b)(i).

Indemnity Escrow Deposit shall have the meaning set forth in Section 2.01(d)(i).

Indemnity Escrow Deposit means One Million Two Hundred Fifty Thousand Dollars ($1,250,000).

Indemnity Escrow Deposit. See Section 2.1(a)(ii);