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 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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Purchase Price Escrow Agent has the meaning set forth in § 8.5.1
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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 Purchase Price, Escrow Agent shall disburse the Purchase Price in accordance with instructions it receives from the Company.

  • For purposes of absolute clarity, Buyer acknowledges and agrees that it and its Affiliates cannot, and will not, take any action or forgo to take any action, or induce any other party to take any action or forgo to take any action, whatsoever to impede or stop the payment of either the First Anniversary Cash or the Second Anniversary Cash to the Seller by the Purchase Price Escrow Agent when due as stated in the preceding sentence.

  • 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.

  • Any fees and costs charged by the Purchase Price Escrow Agent for the Cash Escrow shall be the responsibility of Seller and may be deducted by the Purchase Price Escrow Agent from the payments of First-Anniversary Cash and Second-Anniversary Cash to Seller.

  • The Certificates shall remain with Escrow Agent/transfer agent at all times prior to Closing, except that upon receipt of the Purchase Price Escrow Agent may deliver the Seller Certificates to the Company’s transfer agent to confirm that they are in suitable form for delivery of the Purchased Shares to Purchaser at Closing and that the transfer agent is prepared to deliver a certificate representing the Purchased Shares registered in the name of Purchaser.

  • On a quarterly basis (or other frequency acceptable to Buyer and the Purchase Price Escrow Agent), the Purchase Price Escrow Agent shall pay any accrued interest to Buyer, with there being no conditions to such interest payments 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.

  • 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..

  • 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.


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 $500,000.

  • 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 by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • 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 has the meaning set forth in Section 2.6.

  • 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 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 2.2.

  • 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 2.1.

  • 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 Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, 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.