Purchase Price Escrow Funds definition

Purchase Price Escrow Funds means, at any given time after Closing, the funds remaining in the one or more accounts in which the Escrow Agent has deposited the Purchase Price Escrow Amount in accordance with the Escrow Agreement, including remaining amounts of interest actually earned.
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Purchase Price Escrow Funds means the Purchase Price Escrow Amount, less any deductions to such amount pursuant to the terms of this Agreement together with interest and any other income accrued thereon from time to time.
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Purchase Price Escrow Funds means 5% of the Transaction Consideration.
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Examples of Purchase Price Escrow Funds in a sentence

  • Pursuant to the Escrow Agreement, the Purchase Price Escrow Funds shall be distributed in accordance with Section 3.07.

  • Upon the terms and subject to the conditions of the Purchase Price Escrow Agreement, at the IP Closing the Purchase Price Escrow Funds shall be released by the Escrow Agent to the Seller.

  • The Escrow Agent will be required to release the Purchase Price Escrow Funds to the Securityholder Representative no later than the date (the “Purchase Price Escrow Release Date”) on which the requirements and payments, if any, required pursuant to Section 1.15(c) have been fully satisfied, except for amounts previously paid to Buyer therefrom pursuant to Section 1.15(c).

  • The Purchase Price Escrow Funds shall be used exclusively for the purpose of paying any Purchase Price Adjustment pursuant to Section 1.15(c) and shall be held by the Escrow Agent in accordance with the terms of the Escrow Agreement and this Agreement.

  • The Purchase Price Escrow Funds shall be (i) held and disbursed by the Escrow Agent in the Purchase Price Escrow Account solely for the purpose of and in accordance with the terms of this Agreement and the Escrow Agreement and (ii) held as a trust fund and shall not be subject to any Lien, attachment, trustee process or other judicial process of any creditor of any Person.

  • At the Closing, Parent shall deposit, or shall cause to be deposited, with the Escrow Agent the Purchase Price Escrow Funds by wire transfer of immediately available funds to an account designated by the Escrow Agent prior to the Closing Date and in the Escrow Agreement (the “Purchase Price Escrow Account”).


More Definitions of Purchase Price Escrow Funds

Purchase Price Escrow Funds has the meaning set forth in Section 2.10(c)(ii).
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Related to Purchase Price Escrow Funds

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • 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.

  • 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.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

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

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

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

  • 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.

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

  • Indemnity Escrow Amount means $5,000,000.

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

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

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

  • Escrow Cash is defined in Section 4.1(a).

  • 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.

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

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

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

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

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

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

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Working Capital Escrow Amount means $500,000.

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