Purchase Price Escrow Agent definition

Purchase Price Escrow Agent means a bank or financial institution selected by Buyer in its sole discretion and identified in writing to Seller prior to Closing to hold the Cash Escrow.
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Purchase Price Escrow Agent has the meaning set forth in § 8.5.1
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Purchase Price Escrow Agent means Bank of Texas or an Affiliate thereof, or such other escrow agent as may be mutually acceptable to Seller and Aquiror.
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Examples of Purchase Price Escrow Agent in a sentence

  • If Seller owes any funds to Buyer hereunder at any time, Buyer shall be entitled, in good faith, to set-off such bona fide amounts against any sums owed by Buyer to Seller or to any of the Seller Executives at any time, subject to the right of Seller to issue a bona fide written objection in good faith to such set-off(s), in which event the set-off amounts subject to such objection shall be placed in escrow with the Purchase Price Escrow Agent until the objection is duly resolved.

  • Upon receipt of the entire Purchase Price, Escrow Agent shall record the Deed and other recordable documents as may be delivered in connection with the Closing.

  • As and when all of the Escrow Funds are either distributed as provided hereunder or deposited with the registry of the court in interpleader, the Purchase Price Escrow Agent shall be released and discharged from any further obligation hereunder without further action of any party.

  • The duties, obligations and acts of the Purchase Price Escrow Agent shall be construed as purely ministerial in nature.

  • The Purchase Price Escrow Agent shall not be bound by or incur any liability with respect to this Purchase Price Escrow Agreement or any other agreement or understanding between Xxxxxxxx and the Settlers, except as in this Purchase Price Escrow Agreement expressly provided.

  • Location shall enter into an escrow agreement (the “Purchase Price Escrow Agreement”) in a form mutually agreed to by Purchaser, the Purchase Price Escrow Agent and such Sellers.

  • In the event that Buyer fails to deliver the Downpayment to the Downpayment Escrow Agent or the Remaining Purchase Price to the Purchase Price Escrow Agent within four (4) days following the date of this Agreement, the Company may terminate this Agreement upon written notice to Buyer..

  • In executing and performing its duties hereunder, except as otherwise provided, the Purchase Price Escrow Agent shall be entitled to rely upon instructions of Xxxxxxxx.

  • At the Closing, Acquiror shall deliver to ------------------- (a) Seller (i) an amount equal to the Initial Payment Amount less $1,340,000, via wire transfer of immediately available funds to an account designated by Seller and (ii) each of the documents, certificates and instruments described in Section 9.2, and (b) the Purchase Price Escrow Agent, an amount equal to ----------- $700,000, via wire transfer of immediately available funds to the account designated in the Purchase Price Escrow Agreement.

  • If upon Parent's receipt of a Purchase Price Dispute Notice from Saw Mill, there is an amount which has been conclusively determined to be payable to Surviving Entity pursuant to Section 1.9(d)(ii) (the "Surviving Entity Payment Amount"), then the Company and Saw Mill shall promptly deliver joint written instructions to the Purchase Price Escrow Agent instructing the Purchase Price Escrow Agent to deliver to the Surviving Entity the Surviving Entity Payment Amount.


More Definitions of Purchase Price Escrow Agent

Purchase Price Escrow Agent means the agent appointed pursuant to the Purchase Price Escrow Agreement. 6
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Related to Purchase Price Escrow Agent

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Purchase Price has the meaning set forth in Section 2.1.

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.