Retention Escrow Fund definition

Retention Escrow Fund has the meaning set forth in Section 1.6(a).
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Retention Escrow Fund means the Retention Escrow Amount, including any interest or other amounts earned thereon, and less any disbursements therefrom, in accordance with the Escrow Agreement.
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Retention Escrow Fund means an escrow fund established pursuant to the Escrow Agreement, compromising the Retention Escrow Amount.
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Examples of Retention Escrow Fund in a sentence

  • At the Closing, Purchaser shall cause to be delivered to the Escrow Agent: (a) as a contribution to the Adjustment Escrow Fund on behalf of Seller, an amount in cash equal to the Adjustment Escrow Amount; and (b) as a contribution to the Retention Escrow Fund on behalf of Seller, an amount in cash equal to the Retention Escrow Amount.

  • After give revised tariff till be in existence for the year 2015 - 2016 and in view of said effect of tariff difference from 01.06.2015 as per revised tariff order 2015.- 2016 came in effect in the month of March 2016.

  • Warrantors shall be entitled to have released to them from the Retention Escrow Fund an amount equal to any such costs, fees and expenses which Warrantors are required to bear (and in such event the shares of Warrantors in the Retention Escrow Fund shall be reduced in accordance with Section 9.3).

  • Upon the full and final resolution of any Continuing Claims, all remaining funds in the Retention Escrow Fund shall be distributed to the Members in accordance with the procedures set forth in this Section 10.7(a).

  • The Escrow Agent shall hold the Retention Escrow Funds until 11:59 p.m. Eastern prevailing time on the Retention Drop Down Date (the “Retention Escrow Release Date”) and shall release any remaining Retention Escrow Fund to Seller, together with interest accrued on the Retention Escrow Fund, to Seller on the Retention Escrow Release Date.

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  • The Savage Retention Escrow Fund and the Branch Retention Escrow Fund (individually referred to as a “Retention Escrow Fund” and collectively as the “Retention Escrow Funds”) shall be held and distributed in accordance with the terms of this Section 10.2 and the respective Retention Escrow Agreement.

  • Promptly upon the resolution of any such pending Relevant Claim, the Escrow Agent shall release to Holdings for distribution to Sellers any portion of the Retention Escrow Fund (including any accrued interest thereon) retained in respect of such pending Relevant Claim remaining after the resolution of such pending Relevant Claim.

  • As soon as practicable after the Closing Date, Parent will deposit, on behalf of each Key Employee, such Key Employee's Retention Cash Amount and Retention Stock in an account to be maintained by Parent, such deposit to constitute the "Retention Escrow Fund" to b e governed by the terms set forth herein.

  • Parent shall hold and safeguard the Retention Escrow Fund during the Retention Period, shall treat such fund as a trust fund in accordance with the terms of this Agreement and not as the property of Parent and shall hold and dispose of the Retention Escrow Fund only in accordance with the terms hereof.


More Definitions of Retention Escrow Fund

Retention Escrow Fund and “Retention Escrow Funds” have the respective meanings set forth in Section 10.2(a).
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Retention Escrow Fund has the meaning specified in Subsection 10.2.1;
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Retention Escrow Fund means, that portion of the Escrow Fund equal to the Retention Escrow Amount, as such fund may be decreased from time to time pursuant to this Agreement and the Escrow Agreement.
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Retention Escrow Fund means, on the date of determination, the Retention Escrow Amount, as the same may be reduced by amounts paid in satisfaction of indemnification claims pursuant to this Agreement and amounts otherwise distributed pursuant to this Agreement and the Retention Escrow Agreement.
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Retention Escrow Fund means, at any time, the aggregate funds and other assets then held in the escrow account established by depositing the Retention Escrow Amount with the Escrow Agent in accordance with the Escrow Agreement to partially secure the indemnification obligations of Seller to the Purchaser Indemnitees.
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Related to Retention Escrow Fund

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

  • 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.

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

  • 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.

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

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

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

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

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

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

  • 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”.

  • 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.

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

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

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

  • 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.

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

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

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

  • 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.

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

  • Escrowed Property has the meaning set forth in the Escrow Agreement.

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

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