Indemnity Escrow Expiration Date definition

Indemnity Escrow Expiration Date shall have the meaning set forth in Section 9.3(b)(i).
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Indemnity Escrow Expiration Date means August 15, 2024.
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Indemnity Escrow Expiration Date means the 15-month anniversary of the Closing Date.
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Examples of Indemnity Escrow Expiration Date in a sentence

  • Upon the Indemnity Escrow Expiration Date, the Escrow Agent shall distribute the remainder of any Indemnity Escrow Funds, less any portion of the Indemnity Escrow Funds made for Claims and any reserves for unresolved Claims, to the Target Stockholders in accordance with Section 4.4.

  • If, on Indemnity Escrow Expiration Date, there are any claims pursuant to a Claim Notice pending, Escrow Agent shall (i) retain and continue to hold in accordance with the terms hereof, the aggregate amount of the Indemnity Escrow Deposit being reserved against such claims, determined in accordance with the Claim Notice(s) received by Escrow Agent from Merit under Section 4(a), and (ii) remit the remaining balance of the Indemnity Escrow Deposit along with all interest and earnings thereon to NPDC.

  • Prior to the Indemnity Escrow Expiration Date, Acquiror shall promptly, and in any event no later than five (5) business days following the event requiring disbursement, provide written notice in accordance with Section 7.3 below instructing the Escrow Agent to disburse Indemnity Escrow Funds to the Target Stockholders in accordance with Section 4.4 to the extent required by and in accordance with Section 9.9(b)(ii) of the Merger Agreement.

  • Merit agrees to give an Indemnity Escrow Expiration Date notice to Escrow Agent promptly upon satisfaction of the conditions precedent set forth in this Section 4(b).


More Definitions of Indemnity Escrow Expiration Date

Indemnity Escrow Expiration Date means the one (1) year anniversary of the Closing Date.
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Indemnity Escrow Expiration Date has the meaning set forth in Section 7.11 (Indemnity Escrow Fund).
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Related to Indemnity Escrow Expiration Date

  • Indemnity Escrow Amount means $5,000,000.

  • 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.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

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

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

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

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

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Escrow Deposit has the meaning set forth in Section 3.3.

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

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Claim Period means the period of time during which a Settlement Class Member must submit a Claim Form to be eligible to receive a Cash Benefit or Billing Credit Option as part of the Settlement. The Claim Period shall commence not later than thirty (30) days after the Preliminary Approval Date, as defined herein, and shall conclude not more than ninety (90) days after it commences.

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • 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.