Special Escrow Deposit definition

Special Escrow Deposit means $7,000,000.
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Special Escrow Deposit means, collectively, the Cascade Special Escrow Deposit, the WVP Special Escrow Deposit and the Umpqua Special Escrow Deposit.
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Examples of Special Escrow Deposit in a sentence

  • Subject to the provisions of this Article ‎VIII, from and after the Closing, the Company Equityholders, solely from the Special Escrow Deposit, hereby agree to indemnify and hold harmless Parent, its Affiliates and each of their respective directors, managers, officers and Affiliates (collectively, the “Parent Indemnitees” or “Indemnified Parties”) from and against any and all Losses of such Parent Indemnitees resulting from or arising out of the Special Matter.

  • Notwithstanding anything to the contrary set forth in this Section 1.2, with respect to any payment to any Seller hereunder or any portion of the Purchase Price, without any further approval, action or notification to of any kind, Buyer may Payments any amounts necessary to fund the Indemnity Escrow Deposit and Special Escrow Deposit applicable to such Seller.

  • Pursuant to the Merger Agreement, Parent shall deposit in escrow with the Escrow Agent, as escrow agent, such amount in cash (together with additions to or earnings thereon, the "Xxxxxxx Deposit" and together with the General Escrow Deposit and the Special Escrow Deposit, the "Escrow Deposits"), as is set forth on Schedule C in respect of each Holder named thereon.

  • If all shares of Parent Common Stock in the Special Escrow Deposit shall have been delivered in accordance with the preceding but the amount of such claim remains unsatisfied, any cash remaining in the Special Escrow Account after the above described deliveries, up the amount of such shortfall, will be delivered in payment on such claim, and allocated against Holders in accordance with their Holder's Special Cash Percentages.

  • Pursuant to the Merger Agreement, if, but only if, any Specified Litigation is outstanding as of the Closing, Parent shall deposit in escrow with the Escrow Agent, as escrow agent, such amount in cash and shares of Parent Common Stock (collectively, the "Special Escrow Shares" and together with the cash deposit and additions to or earnings or distributions on the Escrow Shares or the cash deposit, the "Special Escrow Deposit"), as is set forth on Schedule B in respect of each Holder named thereon.

  • For each step the actions that were actually taken are explained to ensure that this description can be used as a guide for similar projects.

  • There shall be released to Parent from the shares of Parent Common Stock held in the Special Escrow Deposit in respect of such Holder a number of shares of Parent Common Stock equal in value (rounded down to the nearest whole share) to the result obtained by multiplying (a) the amount of such claim times (b) the Special Common Percentage times (c) such Holder's Special Common Percentage.

  • Funds are receipted into Great Plains Dynamics via an Administrative Receipt and a Special Escrow Deposit Form (see Exhibit E14) by the head cashier as an administrative receipt after being approved by a manager or above.

  • Parent and the Stockholders' Representative confirm by execution and delivery of this Agreement that the allotment of cash and shares of Parent Common Stock in the Special Escrow Deposit amongst the Holders is in accord with the terms of the Merger Agreement.

Related to Special 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.

  • 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.

  • 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.

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

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

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

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

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

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

  • 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.

  • 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 Cash is defined in Section 4.1(a).

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

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

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

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

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

  • 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.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

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

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

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

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