Remaining Escrow Funds definition

Remaining Escrow Funds has the meaning set forth in Section 1.05(f).
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Remaining Escrow Funds means, as of the applicable time of determination, the amount of remaining Escrow Funds in the Escrow Account as of such time.
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Remaining Escrow Funds means, on any given date, the actual dollar amount of funds remaining in the escrow account established as security for certain warranty and repurchase obligations retained by Coachmen and certain of its Subsidiaries pursuant to the Asset Purchase Agreement, dated as of November 20, 2008, by and among Forest River, Inc., Coachmen, and the Subsidiaries of Coachmen party thereto.
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Examples of Remaining Escrow Funds in a sentence

  • Rentals, shut-in well payments and minimum royalties which may be required under the terms of any of the Leases shall be paid by the Parties at their expense; provided, however, that Operator shall, to the extent available, pay same with that portion of the Remaining Escrow Funds allocated under the Option Agreement’s “part one work plan” for payment of such royalties.

  • The Borrowers shall not at any time allow the Warranty Obligations to exceed the sum of the Remaining Escrow Funds plus any cash held in a segregated bank account that is subject to a Deposit Control Agreement and set aside by the Borrowers solely for the purpose of satisfying the Warranty Obligations.

  • If the Excess Amount is less than the Escrow Funds (such shortfall, the “Remaining Escrow Funds”), then Buyer and the Seller Representative shall, simultaneously with the delivery of the joint written instructions referred to in the immediately preceding sentence, deliver joint written instructions to the Escrow Agent to cause the Escrow Agent to pay the Remaining Escrow Funds from the Escrow Account to, or as directed by, the Seller Representative.

  • Upon receipt of such written designation signed by the Company and Dutchess, the Escrow Agent shall promptly deliver the Escrow Funds, if any, or the Remaining Escrow Funds to such successor and shall thereafter have no further obligations hereunder.

  • Upon providing such notice, the Escrow Agent shall have no further obligation hereunder except to hold the Escrow Funds, if any, or the Remaining Escrow Funds which it received until the end of such 30-day period.

  • The Company and the Investor agree to take such further steps (if any) necessary to cause the Escrow Agent to release the Remaining Escrow Funds to the Investor in accordance with the Escrow Release Notice, including without limitation promptly complying with any security, verification or other procedures of the Escrow Agent.

  • If such instructions are not received within thirty (30) days following the effective date of such resignation, then the Escrow Agent may deposit the Escrow Funds, if any, or the Remaining Escrow Funds held by it pursuant to this Agreement with a clerk of a court of competent jurisdiction pending the appointment of a successor.

  • An additional amount equal to eight percent (8%) of the Remaining Escrow Funds and Notes shall be paid to the Broker.

  • After the expenditure of the Remaining Escrow Funds, the Desert Discoveries Net Sales Proceeds shall be applied to the costs and liabilities incurred in operations conducted pursuant to this Agreement, prior to any other costs and liabilities being incurred by the Parties in operations hereunder.

  • As soon as each such claim has been resolved, the Escrow Agent shall deliver to the Company Shareholders the remaining cash and Escrow Shares in the Escrow Fund, if any, that are not required to satisfy the remaining claims (the "Remaining Escrow Funds").


More Definitions of Remaining Escrow Funds

Remaining Escrow Funds has the meaning set forth in Section 3.07(c).
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Remaining Escrow Funds is defined in Section 3.7.1.
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Remaining Escrow Funds has the meaning set forth in Section 8.06(d).
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Related to Remaining Escrow Funds

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

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

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

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

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum 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 Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Escrow Deposit has the meaning set forth in Section 2.1.

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

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

  • 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.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • 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.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

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

  • 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.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

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

  • Working Capital Escrow Amount means $2,000,000.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

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