Examples of Purchase Price Escrow Account in a sentence

The release of the amounts in the Purchase Price Escrow Account shall occur as described in this Agreement and the Escrow Agreement.
If the Date Operations Are Discontinued occurs prior to the Payment Date, then the Discounted Present Value of Installment Payment shall be paid by SEARHC to the Escrow Agent for further deposit into the Purchase Price Escrow Account in accordance with Section 1.7. If the Date Operations Are Discontinued occurs after the Payment Date, and before the tenth anniversary of the Closing Date, then the amount payable under this Section 6.21(b) shall be paid by SEARHC to the City.
SEARHC shall have the right to offset against any payment due the City hereunder (including any payment to be deposited in the Purchase Price Escrow Account under Section 1.7), by an amount sufficient to reasonably satisfy any Claims by SEARHC for indemnification under Article 8.
All administrative costs associated with the Remediation Funds Escrow Account, Xxxxxxx Money Funds Escrow Account and the Purchase Price Escrow Account shall be the sole cost and expense of the EDC and CDC on a pro rata basis, which pro rata calculation shall be in proportion to the EDC and/or the CDC funding of the escrow accounts.
The Escrow Agreement will provide, among other things, that all amounts in the Purchase Price Escrow Account will be released in accordance with the amounts provided on the Final Purchase Price Adjustment Statement and paid pursuant to Section 1.6.

More Definitions of Purchase Price Escrow Account

Purchase Price Escrow Account means the purchase price escrow account to be established in accordance with the Purchase Price Escrow Agreement;

Purchase Price Escrow Account has the meaning set forth in the Escrow Agreement.

Purchase Price Escrow Account shall have the meaning ascribed to such term in Section 2.4 hereof. Annex A - Page 5

Purchase Price Escrow Account means the purchase price escrow account to be established in accordance with the Purchase Price Escrow Agreement; “Purchase Price Escrow Agreement” has the meaning given to it in Clause 4.1.2; “Purchase Price Escrow Amount” means £170,955,922.59; “Purchase Price Escrow Bank” means a reputable bank located in the United Kingdom with an investment grade credit rating of at least BBB- with Standard & Poor’s or Baa3 with Xxxxx’x, the identity of which is notified by the Purchaser to the Seller in accordance with Clause 4.1.1; “Purchase Price Escrow Period” has the meaning given to it in Clause 4.6; “Purchaser’s Relief” has the meaning given to it in the Tax Deed; “Purchaser’s Solicitors” means Xxxxxx Xxxxxx & Xxxxxxxx, LLP of 00 Xxxxxx Xxxxxx, London, EC2A 2HB, United Kingdom; “Purchaser’s Warranties” means the warranties set out in Schedule 3 (Purchaser’s Warranties); “Receivable” means the £13,215,000 receivable owed by the Direct Subsidiary to the Guarantor as at the Locked Box Date; “Receivable Payment Amount” means the amount in sterling required to pay the Receivable in full to the Guarantor on the Completion Date; “Related Persons” means, with respect to the Seller:

Purchase Price Escrow Account means an account established by the Escrow Agent pursuant to the Escrow Agreement. “Purchase Price Escrow Amount” means an amount deposited at the Closing in the Purchase Price Escrow Account with the

Purchase Price Escrow Account means the account created pursuant to Section 3 of this Agreement for the purpose of accepting the transfer of the Purchase Price Escrow Amount.

Purchase Price Escrow Account the escrow account established pursuant to the Escrow Agreement in which the Purchase Price Adjustment Deposit will be deposited.