Examples of Indemnity Escrow Release Date in a sentence
Except as otherwise set forth in this Section 9.6, the period (the “Claims Period”) during which claims may be made against the Indemnity Escrow Fund for Indemnifiable Damages pursuant to Section 9.3(a) shall commence at the Closing and terminate at 11:59 p.m. local time on the Indemnity Escrow Release Date.
In respect of any Third Party Claim or Direct Claim, Buyer shall promptly deliver an Escrow Notice to the Escrow Agent and Shareholders’ Representative no later than 5:00 P.M. New York time on the Business Day prior to the Indemnity Escrow Release Date or Special Indemnity Escrow Release Date, as applicable, and as required in Section 9.2(c) or Section 9.3(b) of the Merger Agreement, such delivery to be in accordance with the notice provisions of this Agreement.
No employee stock option compensation expense is reflected in the company’s results of operations, as all options granted had an exercise price equal to the market value of the underlying common stock on the date of grant.
The covenants and agreements of the parties contained in this Agreement or in any certificate or other writing delivered pursuant hereto or in connection herewith shall survive the Closing until the Final Indemnity Escrow Release Date; provided that the covenants which by their terms are to be performed by the parties following Closing shall survive the Closing indefinitely or for the shorter period explicitly specified therein.
On the Interim Indemnity Escrow Release Date, Buyer and Sellers’ Representative shall jointly instruct the Escrow Agent to disburse to the Sellers’ Representative (for further distribution to the Sellers in accordance with the provisions of Schedule I hereto) from the Indemnity Escrow Account the Interim Indemnity Escrow Release Amount by wire transfer of immediately available funds in accordance with the wire transfer instructions designated in writing by Sellers’ Representative.