Special Escrow Funds definition

Special Escrow Funds means at any time an amount equal to the portion of the Special Escrow Amount then held by the Escrow Agent pursuant to the Escrow Agreement.
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Special Escrow Funds means any remaining balance in the Special Escrow Account from time to time. “Specified Matters” shall have the meaning given to such term in Annex 6.
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Special Escrow Funds means, at any given time after Closing, the remaining portion of the Special Escrow Amount then held by the Escrow Agent, including the remaining interest actually earned thereon.
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Examples of Special Escrow Funds in a sentence

  • The major limiting factor has been the high cost and the lack of familiarity of the technology which require concerted effort in training of technicians and large scale introduction in a region with adequate technicalsupport.

  • The Special Escrow Funds shall be used solely to satisfy any obligations of Seller under Section 10.2.

  • This Agreement (and, solely as to Buyer and Seller, the Underlying Agreement) constitutes the entire agreement between the signatory parties hereto relating to (i) the holding, investment and disbursement of the Special Escrow Funds and General Escrow Funds and (ii) the holding and disbursement of the General Escrow Buyer Stock and sets forth in their entirety the obligations and duties of Escrow Agent with respect to the Special Escrow Funds or the General Escrow Buyer Stock.

  • Escrow Agent hereby accepts such appointment and, upon receipt of the Special Escrow Amount and the General Escrow Buyer Stock in accordance with Section 3, agrees to hold, invest and disburse each of the Special Escrow Funds, the General Escrow Buyer Stock and the General Escrow Funds in accordance with this Agreement.

  • Notwithstanding anything to the contrary contained herein, Escrow Agent may, without notice to Buyer and Seller, sell or liquidate any of the foregoing investments at any time for any disbursement of the General Escrow Funds or the Special Escrow Funds permitted or required hereunder.

  • If a Closing does not occur, the Special Escrow Funds will be returned to the depositing Subscribers together with such depositing Subscriber’s Subscriber Documents.

  • Buyer and Seller have determined that any interest or income on Special Escrow Funds shall be reported on a cash basis and deemed to be for the account of Seller.

  • The interim condensed consolidated financial information for the six months ended 30 June 2021 has been prepared in accordance with Hong Kong Accounting Standard (“HKAS”) 34, Interim Financial Reporting , issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and the applicable disclosure provisions of the Rules Governing the Listing of Securities on the SEHK.

  • The GNU failed to carry out its mandate to the full mainly because of ideological difference between the parties.

  • The Special Escrow Funds and Indemnity Escrow Funds shall be reduced on a dollar-for-dollar basis, by any amounts received by Buyer Indemnified Parties from the Special Escrow Account or Indemnity Escrow Account, as applicable.


More Definitions of Special Escrow Funds

Special Escrow Funds means, at any given time after Closing, the remaining portion of the Special Escrow Amount then held by the Escrow Agent, including the remaining interest actually earned thereon. “Subsidiary” means, with respect to any Person, any corporation, partnership, joint venture, limited liability company, trust or other legal entity of which such Person (either alone or through or together with any other Subsidiary) owns, directly or indirectly, fifty percent (50%) -6- or more of the stock or other equity interests in such entity, or of which such Person is a general partner, manager or managing member. “Tax” or “Taxes” means any and all federal, state, local, or non-U.S. income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, production, Code §59A, customs duties, capital gains, capital stock, franchise, profits, withholding, social security (or similar, including FICA), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind, however computed, including any interest, penalty, or addition thereto, whether disputed or not. “Tax Return” means any return, declaration, report, claim for refund or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment or supplement thereof. “Trademark” means the xxxx shown at U.S. Trademark Registration No. 3,999,086 and International Registration No. 1075641. “Transaction Documents” means this Agreement, the Transition Services Agreement, the Escrow Agreement, the Non-Competition Agreement, the Non-Competition Agreement for Management, the License Agreement, the Assumption Agreement, the Joint Contract Assumption Agreement, the Closing Statement, and the General Assignment and Xxxx of Sale and all other written agreements, documents and certificates contemplated herein or by any of the foregoing documents as closing deliveries.
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Special Escrow Funds shall have the meaning set forth in Section 9.4(b).
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Special Escrow Funds means any remaining balance in the Special Escrow Account from time to time.
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Special Escrow Funds means, as of any date of determination, the excess (if any) of the Special Escrow Amount (plus any interest accrued on the Special Escrow Amount) minus the sum of all distributions and other payments to any Person from the "Special Indemnity Escrow Account" paid pursuant to the terms of the Escrow and Paying Agent Agreement on or prior to such date of determination.
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Special Escrow Funds means the Special Escrow Amount, together with any interest and other earnings or income thereon.
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Special Escrow Funds will have the meaning set forth in Section 1.3(d).
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Related to Special Escrow Funds

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

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

  • 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.

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

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

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

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

  • 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”.

  • 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.

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

  • 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.

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

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

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

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

  • 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).

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

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

  • Working Capital Escrow Amount means $2,000,000.

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

  • 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.

  • 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.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.