Examples of Verizon Escrow Agreement in a sentence
For Federal income tax purposes, absent a contrary determination by the Internal Revenue Service or a court of competent jurisdiction, the Notes shall be treated as evidencing a direct beneficial interest by the Holders in the Verizon Escrow Amount to which the Company is entitled pursuant to the Verizon Escrow Agreement, and the Holders shall be treated as direct owners of the Company's entitlement to the Verizon Escrow Amount (rather than the Company).
Following the Issue Date, the Company shall continue to exercise all of its rights and privileges under the Verizon Escrow Agreement solely for the benefit of the Holders, and the Holders shall have no power to exercise such rights and privileges.
If the Seller disagrees with the Buyer’s assertion that it is entitled to such recovery, resolution shall be reached pursuant to the terms of the Verizon Escrow Agreement.
For Federal income tax purposes, absent a contrary determination by the Internal Revenue Service or a court of competent jurisdiction, the Notes shall be treated as evidencing a direct beneficial interest by the Holders in the Verizon Escrow Amount to which the Company is entitled pursuant to the Verizon Escrow Agreement, and the Holders shall be treated as direct owners of the Company’s entitlement to the Verizon Escrow Amount (rather than the Company).
The Buyer shall be allowed to contest the Seller’s instructions to the Escrow Agent pursuant to the terms of the Verizon Escrow Agreement.
The Grantor may, in its sole discretion, enforce, settle, compromise or otherwise resolve any claim under, or agree to pursue any amendment or modifications to, the Verizon Escrow Agreement without the consent of the Trustee, provided that the Grantor acts solely for the benefit of the Trustee and the Holders in connection with any such enforcement, settlement, compromise, amendment, modification or other resolution.
The Buyer agrees that it shall be responsible for all Escrow Fees related to the Verizon Escrow Agreement.
On or after April 30, 2005, the Buyer or the Seller shall instruct the Escrow Agent to release any remaining Verizon Escrow Shares to the Seller and the Employee Plan Employees, in proportion to their respective contributions to the Verizon Escrow Fund and otherwise in accordance with the Verizon Escrow Agreement.
Additionally, notwithstanding any of the provisions of this Article IX, (i) the sole remedy for the Buyer with respect to any liability or obligation it may have with respect to the Verizon Rebate shall be Buyer’s right to receive Verizon Escrow Shares in the Verizon Escrow Fund pursuant to the terms of the Verizon Escrow Agreement, and (ii) nothing in this Section 9.9 shall be construed to limit the Buyer’s ability to seek reimbursement for the Verizon Support Costs pursuant to Section 2.11(b)(ii) herein.
Additionally, notwithstanding any of the provisions of this Article IX, the sole remedy for the Buyer with respect to any liability or obligation it may have with respect to the Verizon Rebate shall be Buyer’s right to receive Verizon Escrow Shares in the Verizon Escrow Fund pursuant to the terms of the Verizon Escrow Agreement.