Special Escrow Account definition

Special Escrow Account means the escrow account created pursuant to the Escrow Agreement in respect of the Special Escrow Deposit.

Special Escrow Account shall have the meaning set forth in Section 1.2(b)(ii).

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

Examples of Special Escrow Account in a sentence

• PLEASE LIST THIS INFORMATION ON THE PLOT PLAN PRIOR TO MAKING COPIES.***Schedule of Filing Fees & Special Escrow Account FeesThe following fees were approved by the Board of Appeals on September 12, 2013 to be effective on October 1, 2013.

• The Escrowed Property shall be retained intact to assure the Securities and Exchange Commission and the Subscribers of Corporation common stock that at least the Minimum Total Public Offering of shares shall have been subscribed and the subscriptions funded into the Special Escrow Account.

• From and after the Closing, any indemnification to which any Buyer Indemnitee is entitled under Section 10.2.1(d) shall be first satisfied by recouping all of such Losses from the Special Escrow Account in accordance with the terms of the Escrow Agreement until the Special Escrow Account is exhausted or released pursuant to the terms of the Escrow Agreement.

• The Escrow Agent or the Manager shall not be entitled to deduct from the Special Escrow Account any fees, expenses and disbursements charged or incurred by the Escrow Agent or the Manager, in connection with this Agreement.

• If the Buyer Indemnitees recover any amounts from Seller for Losses with respect to a claim for indemnification pursuant to Section 10.2.1(d) (whether such recovery is obtained from the Special Escrow Account, the General Escrow Account, Seller or otherwise), and the actual amount of Losses arising from the matters that are the subject of such indemnification claim are subsequently reduced to an amount below the amount so recovered, then the Buyer Indemnitees shall refund such excess recovery to Seller.

More Definitions of Special Escrow Account

Special Escrow Account means an escrow account established by the U.S. Borrower with the Administrative Agent and with respect to which a control agreement has been delivered by the applicable depositary bank in favor of the Collateral Agent; provided that the terms of such escrow account shall permit the proceeds therein to be applied only for the redemption or retirement of the New Senior Notes and shall otherwise be reasonably satisfactory to the Administrative Agent.

Special Escrow Account means a no-lien account to be opened by the Company with the Escrow Agent under the name and title “SIS Limited Special Escrow Account 2023” pursuant to the terms of Regulation 10 of the SEBI Buyback Regulations for the purposes of the Buyback and to be operated by the Escrow Agent in accordance with the directions of the Manager subject to the terms of this Agreement;

Special Escrow Account is defined in Section 2.10(b)(iv).

Special Escrow Account has the meaning set forth in Section 1.04(a)(i).

Special Escrow Account. (collectively, the "Escrow Account"). The Placement Agent and any Selected Dealers will instruct its subscribers to make their checks for subscriptions payable to the order of "Gen-Net Special Escrow Account". The Placement Agent and the Selected Dealers will promptly send such checks along with the Written Account (as defined herein) to the Escrow Agent. Any checks received that are made payable to a party other than as specifically set forth above shall be returned by the Escrow Agent to the Placement Agent or any selected dealer who submitted the check. The Escrow Agent shall return to such Placement Agent or any selected dealer who submitted the check any checks that are not submitted along with the Written Account. If any checks are received by the Escrow Agent from a party other than the Placement Agent or any selected dealer, the Escrow Agent shall return such check to the person submitting the same.

Special Escrow Account is defined in Section 1.6(a) of this Agreement. “Special Escrow Amount” s defined on Schedule 1.6(a). “Special Indemnity Escrow Period” is defined on Schedule 1.6(a). “Special Indemnity Matters” is defined in Section 8.2(a)(vi) of this Agreement. “Special Losses” means monetary damages paid by the Company or any of its Subsidiaries to any plaintiff in any Special Indemnity Matter pursuant to either a (i) final, non- appealable decision of a court of competent jurisdiction, or (ii) a final, binding settlement agreement that settles any Special Indemnity Matter and fully releases the Company and its Subsidiaries from any further liability with respect to such Special Indemnity matter and is otherwise on terms that are reasonably satisfactory to the Securityholder Representative (an “Approved Settlement Agreement”); provided, however, that Special Losses shall be reduced and offset by any and all Special Loss Offsets. “Special Loss Offset” means, regardless of when received, any and all (i) amounts contributed, paid, reimbursed or assumed by a third-party co-defendant in the Special Indemnity Matter associated with the defense, settlement and/or judgment costs and/or expenses associated with any Special Indemnity Matter that would otherwise be owed by, or due from, any Special Loss Party, (ii) other economic value provided by a third-party co-defendant in the Special Indemnity Matter to any Special Loss Party that is intended as a partial or full offset to any Special Loss Party’s liability in connection with any Special Indemnity Matter, and/or (iii) Special Loss Tax Benefits. “Special Loss Party” has is defined in Section 8.6(b). “Special Loss Tax Benefits” means thirty-five percent (35%) of all Special Losses to the extent deductible or resulting in the equivalent of a deduction through a reduction in net income. “Stock Plan” means the Staffing Solutions Holdings, Inc. 2005 Stock-Based Incentive Compensation Plan. “Straddle Period” defined in Section 6.4(h) of this Agreement. “Straddle Returns” is defined in Section 6.4(c) of this Agreement. “Subsequent Payments” is defined in Section 1.9(a). “Subsidiaries” means (i) the entities set forth on Schedule 3.3(b) and (ii) all other Persons in which the Company, directly or indirectly, owns a controlling equity interest.

Special Escrow Account has the meaning set forth in the Merger Agreement.