Examples of Special Indemnity Escrow Amount in a sentence
Buyer shall, on the Closing Date, pay into the Escrow Account the Working Capital Escrow Amount, the Indemnity Escrow Amount and the Special Indemnity Escrow Amount in accordance with Section 1.8(a)(i), and the Shareholders’ Representative Fund Amount in accordance with Section 1.8(a)(iv).
The maximum aggregate amount which Buyer Indemnified Persons may be entitled to receive pursuant to claims for indemnification under Section 9.2(a)(iv), Section 9.2(a)(v), and for breach of or inaccuracy of the Tax Representations and the Contractor Representations, as applicable, shall be an amount equal to the Special Indemnity Escrow Amount.
Several wars caused massive shifts, as a census from 2003 conducted by Abkhaz officials placed just 215,972 people in Abkhazia; 44%% were Abkhaz, 21% were Georgian, 21% were Armenian; and 11% were Russian (UNPO 2009, 1,8; Clogg 2008, 307-308).
As of the Closing, Buyer shall deliver the General Indemnity Escrow Amount and the Special Indemnity Escrow Amount (together with interest accrued thereon from time to time, the “Escrow Funds”) to Compass Bank, a state-chartered Federal Reserve System member bank organized under the Laws and Regulations of the State of Alabama, as escrow agent (the “Escrow Agent”), by wire transfer of immediately available funds to an account designated in writing by the Escrow Agent and approved by Seller.
Within thirty (30) days following determination of the Remedial Costs (including by TRC, if TRC is retained) Sellers shall issue joint written instructions with Buyer to the Escrow Agent to pay the Remedial Costs to Buyer from the Special Indemnity Escrow Amount in accordance with the Escrow Agreement.