Special Indemnity Escrow Funds definition

Special Indemnity Escrow Funds means the amount of cash held from time to time by the Escrow Agent in the Special Indemnity Escrow Account pursuant to the Escrow Agreement.
Special Indemnity Escrow Funds means an amount equal to $1,000,000 to be held by the Escrow Agent in the Special Indemnity Escrow Account in accordance with the terms and conditions of the Escrow Agreement.
Special Indemnity Escrow Funds means, as of any date of determination, the excess (if any) of the Special Indemnity 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 Agreement on or prior to such date of determination.

Examples of Special Indemnity Escrow Funds in a sentence

  • If, however, either the sum of the amounts in clauses “(A)(x)” and “(A)(y)” of the immediately foregoing sentence is more than $1,000,000 or the Second Release Date Special Indemnity Escrow Excess Amount is less than First Release Date Special Indemnity Escrow Distribution Amount, no distribution from the Special Indemnity Escrow Funds shall be made to any Seller following the Second Special Indemnity Escrow Release Date.

  • If, however, the Final Release Date Special Indemnity Escrow Retained Amount is more than the funds then available in the Special Indemnity Escrow Funds, no distribution shall be made from the Special Indemnity Escrow Funds to any Seller following the Final Special Indemnity Escrow Release Date.

  • In the event of a distribution of any Special Indemnity Escrow Funds to the Company Equityholders, each Company Equityholder shall be entitled to receive its Pro Rata Share of such distribution as set forth with respect to such Company Equityholder on the Closing Consideration Schedule.

  • If, however, the sum of the amounts in clauses “(A)” and “(B)” of the immediately foregoing sentence is more than $500,000, no distribution from the Special Indemnity Escrow Funds shall be made to any Seller following the First Special Indemnity Escrow Release Date.

  • With respect to any claims for Losses related to the matters described in Section 8.3(a)(iii), Buyer’s sole recourse shall be the Special Indemnity Escrow Funds.

  • For applicable Tax purposes, Purchaser shall be treated as the owner of the Special Indemnity Escrow Funds while such amount is held in the Special Indemnity Escrow Account.

  • For the avoidance of doubt, the Indemnitees shall not recover (i) any Designated Matter Damages from the General Indemnity Funds, and (ii) any Damages other than the Designated Matter Damages from the Special Indemnity Escrow Funds.


More Definitions of Special Indemnity Escrow Funds

Special Indemnity Escrow Funds means an amount equal to $6,000,000.
Special Indemnity Escrow Funds means an amount equal to $6,000,000. “Straddle Period” has the meaning set forth in Section 5.8(a).

Related to Special Indemnity Escrow Funds

  • 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.

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

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

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

  • 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.

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

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

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

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

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

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

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

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

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • 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.

  • 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.

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

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, in the form of Exhibit B hereto.

  • 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 Cap has the meaning set forth in Section 9.2(b).

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

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

  • Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).