Warranties Escrow definition

Warranties Escrow means an amount equal to $8,750,000.00, which amount is placed in escrow by Buyer at the Closing and held by the Escrow Agent pursuant to the Post-Closing Escrow Agreement.
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Warranties Escrow means an amount equal to twelve and one-half percent (12.5%) of the Purchase Price, which amount is placed in escrow by Buyer at the Closing and held by the Escrow Agent pursuant to the Post-Closing Escrow Agreement.
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Warranties Escrow has the meaning specified in Section 2.2(b).
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Examples of Warranties Escrow in a sentence

  • The Reps and Warranties Escrow agreement in substantially the form attached hereto as Exhibit H as executed by Seller and ▇▇▇▇▇▇ Title.

  • In the event that Seller selects ▇▇▇▇▇▇ Title to act as the escrow agent for the Reps and Warranties Escrow, Seller shall pay any escrow or other fee charged by ▇▇▇▇▇▇ Title.

  • Such notice will specify the nature of the claim and the amount by which Buyer proposes to be paid out of the Warranties Escrow with respect to such claim.

  • In the event Seller disputes Buyer's claim, Buyer and Seller shall provide joint written instructions to the Escrow Agent to pay to Buyer the amount of undisputed Damages with respect thereto, if any but Buyer shall not be entitled to receive any disputed portion thereof from the Warranties Escrow with respect to such claim prior to resolution of such dispute.

  • In no event shall any Buyer Indemnified Person seek to recover any payment under this Section 6 from any Joining Seller or any Optionholder (other than an Option Escrow Participant and then only with respect to the amounts in the Representations and Warranties Escrow).

  • At Closing, Seller shall assign to Purchaser all of Seller’s interest in the Permits, Plans and Specifications, Warranties, Escrow Deposits (if any), in substantially the same form as set forth in Exhibit “G”.

  • The Purchase Price shall be funded in part by the ▇▇▇▇▇▇▇ Money Escrow (pursuant to Section 2.2) and shall be diverted from full payment at the Closing to Seller, in part, to fund the Defects Escrow, if applicable, and the Warranties Escrow, as described in Section 2.2(b).

  • Survival of Representations and Warranties; Escrow..............................

  • The Defects and Warranties Escrow Agreement shall have been executed and delivered by the parties thereto (other than Seller).

  • The Purchaser may, from time to time, withdraw from the Representations and Warranties Escrow Account such amounts as may be required in order to obtain payment of Losses for which the Sellers are responsible to indemnify the Purchaser, the Company and the Car-Mart Subsidiaries as provided in Section 10 hereof.