Examples of PPP Loan Escrow Agreement in a sentence
Buyer will deposit or cause to be deposited the PPP Escrow Amount with the PPP Lender pursuant to the PPP Lender Escrow Agreement, which the PPP Lender will hold in an escrow account and disburse in accordance with the terms of the PPP Loan Escrow Agreement.
The PPP Loan Escrow Fund shall be held and disbursed by the PPP Lender (or its designee) in accordance with the terms of the PPP Loan Escrow Agreement and this Agreement; provided, that in the event of conflict between the Escrow Agreement and this Agreement, this Agreement shall prevail as among the parties to this Agreement.
Promptly following the completion of the forgiveness process with respect to the PPP Loan, (a) the PPP Loan Escrow Funds shall first be disbursed to repay any remaining (unforgiven) balance on the PPP Loan and (b) the remainder of the PPP Loan Escrow Funds will be released by the PPP Lender (in its capacity as escrow agent under the PPP Loan Escrow Agreement) to the Exchange Agent for distribution to the Company Members in accordance with their respective Pro Rata Percentages.
The Company has heretofore made available to Parent a correct and complete copy of the PPP Loan Escrow Agreement together with any and all amendments and supplements thereto and “side letters” and similar documentation relating thereto.
Management is supportive of staff training and demonstrated a commitment to staff training during the review period.