Payment Escrow Agreement definition

Payment Escrow Agreement means that escrow agreement to be entered into among the Contractor, Purchaser, and the Bank Escrow Agent, substantially in the form of Exhibit E hereto, with such changes therein as are reasonably requested by the Bank Escrow Agent, as amended modified or supplemented from time to time.
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Payment Escrow Agreement has the meaning set forth in Section 3.06(b)(i).
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Payment Escrow Agreement is defined in the Supply Contract. ------------------------
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Examples of Payment Escrow Agreement in a sentence

  • The Company Termination Payment Escrow Agreement shall provide that Parent shall bear all costs and expenses under the Company Termination Payment Escrow Agreement.

  • The Parent Termination Payment Escrow Agreement shall provide that the Company shall bear all costs and expenses under the Parent Termination Payment Escrow Agreement.

  • Generally, the lawsuit alleges that Borrower engaged in wrongdoing by not releasing the Milestone payments or not releasing the amount of each Milestone payment in excess of the amount of the LDs, and for not taking certain actions, outside the scope of the Contingent Payment Escrow Agreement, to minimize or eliminate the LDs. Borrower filed a motion to dismiss for failure to state a claim in November 2011.

  • Parent shall deposit the Contingent Cash Consideration portion of the Purchase Price at the Closing in the Contingent Payment Escrow Account pursuant to the provisions of Section 2.10(a), to be held and distributed subject to and in accordance with Section 2.11, the Closing Schedule attached hereto as Exhibit E of this Agreement and the Contingent Payment Escrow Agreement.

  • At the Closing, Buyer will deposit with the Escrow Agent, by wire transfer of immediately available funds, the sum of Two Million Dollars ($2,000,000.00) (the “Installment Payment Escrow Amount”) as provided in Section 2.5b, which Installment Payment Escrow Amount will be held in escrow by the Escrow Agent pursuant to the terms of the Installment Payment Escrow Agreement; c.

  • Each Stockholder that is a holder of shares of Unvested Common Stock (a “Key Employee Stockholder”) shall become a party to the Contingent Payment Escrow Agreement.

  • A Certificate evidencing 2,827 shares shall be delivered to the Escrow Agent pursuant to the Payment Escrow Agreement on or before November 13, 1996.

  • Any full time employee, who is a member of a reserve unit of the United States or State of Illinois, shall be allowed leave with pay as required under applicable federal and state law.

  • The parties hereto hereby acknowledge and agree that the Contingent Payment Escrow Agreement will provide that funds held in the Contingent Payment Escrow will be the first (but not the sole) source of satisfaction of the indemnification obligation of the Seller and the Shareholders hereunder.

  • Pursuant to such Contingent Payment Escrow Agreement, such Key Employee Stockholder shall be entitled, in consideration of cancellation of all shares of Unvested Common Stock, to contingent payments in an amount and upon such dates as specified in such agreement (the “Payment Schedule”).