Indemnity Escrow Funds definition

Indemnity Escrow Funds means the amount of cash held from time to time by the Escrow Agent in the Indemnity Escrow Account pursuant to the Escrow Agreement.

Indemnity Escrow Funds means, as of any date of determination, the excess (if any) of the Indemnity Escrow Amount (including accrued interest or earnings thereon) over the sum of all distributions and other payments to any Person from the Indemnity Escrow Sub-Account paid pursuant to the terms of the Escrow Agreement on or prior to such date of determination.

Indemnity Escrow Funds means the amounts held in the Indemnity Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investment thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

Examples of Indemnity Escrow Funds in a sentence

• As Enerjisa employees, we are responsible to work in full accordance with those rules entrenched in the ENETİK 2.0. We sincerely believe that we all will embrace it in our all operations and keep in mind the rules in every business decision.

• Assuming that the Claim Notice did not request payment of all Indemnity Escrow Funds, Seller would have been entitled to disbursal of any non-claimed portion under Section 2.8(c).

• Accordingly, and for simplicity, this decision uses “Escrow Funds” as shorthand for the Indemnity Escrow Funds only.scheduled for March 16, 2018 (the “Final Escrow Release Date”).43 Central to this dispute is the concept of an early release.Under Escrow Agreement Section 4(b), Buyer may request that the Escrow Agent release the Escrow Funds “at any time prior” to the Final Escrow Release Date.44 To do so validly, Buyer must take two steps.

• On the Tax Indemnity Escrow Release Date, the Purchaser and Seller shall deliver a joint written instruction to the Escrow Agent instructing the Escrow Agent to distribute to the Seller the balance of the Tax Indemnity Escrow Funds remaining in the Tax Indemnity Escrow Account in accordance with the terms of the Escrow Agreement.

• If indemnification is ultimately owed, then “Owners’ Representative shall cause the Escrow Agent to pay such amount not more than thirty (30) days after any Buyer Indemnified Person provides notice to Owners’ Representative of such amount.”44 Indemnity Escrow Funds not claimed via a Claim Notice are to be promptly disbursed after the Escrow Period expires.45B.

More Definitions of Indemnity Escrow Funds

Indemnity Escrow Funds has the meaning set forth in Section 3.1(c)(i) below.

Indemnity Escrow Funds means that portion of the Escrow Funds attributable to the Indemnity Escrow Amount.

Indemnity Escrow Funds means the Indemnity Escrow Amount as may be increased by investment earnings or decreased by investment losses or payments made in accordance with Article VIII.

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

Indemnity Escrow Funds means the Indemnity Escrow Amount deposited with the Escrow Agent.

Indemnity Escrow Funds has the meaning set forth in Section 9.03.

Indemnity Escrow Funds means the Indemnity Escrow Amount, together with interest accrued thereon from time to time.