Purchase Price Escrow Account definition

Purchase Price Escrow Account has the meaning set forth in Section 1.7.

Purchase Price Escrow Account means an account established with the Escrow Agent pursuant to the Escrow Agreement into which the Purchase Price Escrow Amount is deposited to serve as a partial mechanism to satisfy the obligations of the City under Article 8.

Purchase Price Escrow Account has the meaning set forth in Section 2.2(c)(ii).

Examples of Purchase Price Escrow Account in a sentence

• 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.

• The release of the amounts in the Purchase Price Escrow Account shall occur as described in this Agreement and the Escrow Agreement.

• Exide shall also deposit with the Escrow Agent in the Purchase Price Escrow Account two original Non-Foreign Person Affidavits and two originals of the Exide Resolutions by the Deed Delivery Deadline.

• The Purchase Price Escrow Account shall be funded with an amount equal to or exceeding the Total Purchase Price in readily available funds.

• On or before the Fund Delivery Deadline, the CDC shall deposit the CDC Purchase Price (less the amount of the Xxxxxxx Money Funds deposited by CDC into the Xxxxxxx Money Funds Escrow Account) into the Purchase Price Escrow Account.

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. hereof.

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

Purchase Price Escrow Account the escrow account established by the Escrow Agent pursuant to the Escrow Agreement in support of Sellers’ obligations under Sections 2.8, 2.9 and 2.10 hereof.