Second Escrow Deposit definition

Second Escrow Deposit shall have the meaning set forth in Section 1.10(a). 84

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Second Escrow Deposit has the meaning set forth in Section 1.4(d).

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

Examples of Second Escrow Deposit in a sentence

• The terms and conditions of the Escrow Agreement shall include the specific conditions both for delivery into escrow and release of the technical or other information and documentation, and shall be divided into two deposits; the First Escrow Deposit, and the Second Escrow Deposit.

• Time is of the essence with respect to the ERA Parties’ deposit of the First Escrow Deposit and the Second Escrow Deposit with the Escrow Agent as required under Paragraph A(1) of this Agreement.

• 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.

• 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.

• Buyer shall have no responsibility to monitor or otherwise account for any funds in the Second Escrow Deposit.

• If (a) such review indicates that the Bancshares Merger consideration was computed incorrectly and (b) Buyer's accounting firm agrees with such determination, an appropriate payment will be made by Buyer to the Second Escrow Deposit or to Buyer out of the Second Escrow Deposit.

• The Buyer shall deposit, at Closing, the First Escrow Deposit, the Second Escrow Deposit and the Third Escrow Deposit (collectively the "Escrow Deposits") to be held, administered, disbursed and otherwise dealt with by the Escrow Agent pursuant to the terms and conditions set forth herein and the Escrow Agreement.

• 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.

• This Agreement in its entirety shall constitute a Security Agreement or Pledge by Buyer of the Transferred Shares to secure the Payment of the Second Escrow Deposit.

• Purchaser shall have five (5) days from the end of the inspection period as described in Paragraph 6.2 to deposit an additional Forty Thousand Dollars ($40,000.00) in escrow (herein "Second Escrow Deposit") with the Escrow Agent.

More Definitions of Second Escrow Deposit

Second Escrow Deposit means the deposit in the sum of HK$25,000,000 paid by the Investor under the Second Escrow Agreement;