Examples of Tax Escrow Funds in a sentence
The Tax Escrow Funds shall be maintained separately in the Tax Escrow Account.
All Operative Agreements shall have been duly executed and delivered by the respective parties thereto other than Buyer and shall be in full force and effect, and the Tax Escrow Funds and the BVI Escrow Funds shall have been deposited with the applicable escrow agents in accordance with the Tax Escrow Agreement and the BVI Escrow Agreement.
Brown Collateral (other than the Tax Escrow Funds (as defined in Section 8(E) of this Stipulation) will be applied first to the Acquired Alex.
Accordingly, Jefferson and Debtor agree that upon the sale of the FPA Stock, Debtor shall deposit Four Hundred Thousand Dollars ($400,000.00) (the "Tax Escrow Funds") of the proceeds of such sale in an automatically renewing thirty (30) day certificate of deposit (the "Tax Escrow CD") at Jefferson.
The Tax Escrow Funds shall be released to the Beneficiaries in accordance with the terms of the Tax Escrow Agreement.
To the extent that Capital Gains Taxes are paid from General Funds, the Tax Escrow Funds shall be reduced, dollar-for-dollar, and applied to the Acquired Alex.
Nine hundred thousand dollars ($900,000) (the "Tax Escrow Funds") shall be held pursuant to an Agreement among Buyer, the Escrow Agent, the Trust and the Beneficiaries, substantially in the form of EXHIBIT B hereto (the "Tax Escrow Agreement").
Debtor may utilize the Tax Escrow Funds to pay only Capital Gains Taxes as and when they are actually due and payable.
Any earnings on the Accounting Method Tax Escrow Funds, net of escrow expenses and taxes, shall be paid, pro rata to the Founders in accordance with their respective Founders’ Proportionate Interests.
In accordance with Article I, Buyer shall have delivered to Sellers the Purchase Price less the Tax Escrow Funds, the BVI Escrow Funds and the Phase II Deposit (which Phase II Deposit shall be released to Sellers at Closing).