Second Escrow Deposit definition

Second Escrow Deposit shall have the meaning set forth in Section 1.10(a).
Sample 1
Second Escrow Deposit has the meaning set forth in Section 1.4(e).
Sample 1
Second Escrow Deposit means the deposit in the sum of HK$25,000,000 paid by the Investor under the Second Escrow Agreement;
Sample 1

Examples of Second Escrow Deposit in a sentence

  • The representations and warranties contained herein shall survive each Closing and the delivery of the Shares for a period of one (1) year.

  • If an additional payment is required to compensate the Shareholders for any partial month income, such amount will be paid by the Buyer to Beach to be held and distributed as part of the Second Escrow Deposit.

  • Payment of any claim for indemnification by Buyer or Seller which is finally determined by judgement, agreement or otherwise prior to the payment of the Second Escrow Deposit shall be an adjustment to the Second Escrow Deposit.

  • Twenty-one (21) days after the Escrow Agent's receipt of the Second Escrow Deposit, Seller shall have Chicago Title Insurance Company (herein "Title Agent") provide Purchaser with a commitment for an American Land Title Association Extended Coverage Owner's Policy of Title Insurance (herein "Owner's Title Policy") in an amount equal to the purchase Price (herein "Title Commitment").

  • Any funds remaining from the Second Escrow Deposit after payment of the foregoing shall be disbursed to all shareholders of Bancshares in proportion to their interests as of the Bancshares Merger Effective Time.

  • When held by the Escrow Agent, the First Escrow Deposit and the Second Escrow Deposit are referred to herein as the Escrow Funds.

  • Any claim not finally determined by judgement, agreement or otherwise by such date shall not be an adjustment to the Second Escrow Deposit and shall not be cause to delay or withhold such payment.

  • Purchaser shall within twenty-one (21) days after the Escrow Agent's receipt of the Second Escrow Deposit, obtain a current land survey (herein "Survey") of the Property, at the Purchaser's expense, to be prepared on the ground by a licensed land surveyor authorized to do business in the State of Florida, approved by Seller and satisfactory to the Title Agent for the purpose of deleting any survey exceptions to its Title Commitment.

  • In the event that the First Escrow Deposit or the Second Escrow Deposit is not timely made by the ERA Parties, the Banks shall have the right to advise the Court in the Federal Action and request that the Federal Action immediately proceed to trial.

  • Pending payment of the Second Escrow Deposit, Seller shall transfer the shares to the Escrow Agent, pursuant to an escrow agreement ("Escrow Agreement") substantially in the form as set forth at Schedule 1.


More Definitions of Second Escrow Deposit

Second Escrow Deposit has the meaning set forth in Section 8.2(a).
Sample 1

Related to Second Escrow Deposit

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

  • 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.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • 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.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

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

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

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

  • 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.

  • 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.

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

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

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

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

  • 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 Amount means $1,000,000.

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

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

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

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

  • 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.

  • 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.