Proceeds Escrow Agreement definition

Proceeds Escrow Agreement means the escrow agreement between Company and the Proceeds Escrow Agent naming Company as beneficiary thereunder, which agreement shall be acceptable in form and substance to Company.
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Proceeds Escrow Agreement has the meaning set forth in Section 6(b)(ii)(D) (Proceeds Escrow) of Attachment B (Facility Owned by Seller) to this Agreement.
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Examples of Proceeds Escrow Agreement in a sentence

  • To that end, the Proceeds Escrow Agreement governing such escrow account shall give Company the sole authority to draw from the account.

  • Seller shall not be a party to such Proceeds Escrow Agreement and shall have no rights to the Proceeds.

  • The parties stipulate and agree that the escrow provisions in this Section 6(b) (Escrow Establishment) of Attachment B (Facility Owned by Seller) and the Source Code Escrow Agreement and Proceeds Escrow Agreement are "supplementary agreements" as contemplated in Section 365(n)(1)(B) of the Code.

  • The parties stipulate and agree that the escrow provisions in this Section 6(b) (Escrow Establishment) of Attachment B (Facility Owned by Seller), and the Source Code Escrow Agreement and Proceeds Escrow Agreement are "supplementary agreements" as contemplated in Section 365(n)(1)(B) of the Code.

  • The parties stipulate and agree that the escrow provisions in this Section 6(b) (Escrow Establishment) of Attachment B (Facility Owned by Seller), and the Source Code Escrow Agreement and Proceeds Escrow Agreement are “supplementary agreements” as contemplated in 11 U.S.C. § 365(n)(1)(B).

  • Such amount shall be held in the Divestiture Proceeds Escrow Account pursuant to an escrow agreement to be entered into by and among Orca Midco, Pubco, SPAC and the Escrow Agent, in form and substance acceptable to SPAC (the “Divestiture Proceeds Escrow Agreement”), the Escrow Agent holding such funds as nominee of and for the benefit of Orca Midco, SPAC or Pubco, as applicable, subject always to the terms of this Agreement and the Divestiture Proceeds Escrow Agreement.

  • Such Purchase Price shall be held in the Divestiture Proceeds Escrow Account pursuant to an escrow agreement to be entered into by and among Orca Midco, Pubco, SPAC and the Escrow Agent, in form and substance acceptable to SPAC (the “Divestiture Proceeds Escrow Agreement”), the Escrow Agent holding such funds as nominee of and for the benefit of Orca Midco, SPAC or Pubco, as applicable, subject always to the terms of this Agreement and the Divestiture Proceeds Escrow Agreement.

  • The parties stipulate and agree that the escrow provisions in this Attachment B (Facility Owned By Seller), Section 6(b) (Escrow Establishment) and the Source Code Escrow Agreement and Proceeds Escrow Agreement are "supplementary agreements" as contemplated in Section 365(n)(1)(B) of the Code.

  • The parties stipulate and agree that the escrow provisions in this Section 6(b) (Escrow Establishment) of Attachment B (Facility Owned by Subscriber Organization) and the Source Code Escrow Agreement and Proceeds Escrow Agreement are "supplementary agreements" as contemplated in Section 365(n)(1)(B) of the Code.

  • The Term B Proceeds Escrow Agreement shall condition the release of the proceeds of the Term B Loans to the Borrowers upon the satisfaction of all of the conditions contained in this Section 4.01 and in Section 4.02 below.