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Escrow
Escrow contract clause examples
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The Buyer shall deliver the Escrow Amount to the Escrow Agent for deposit into an escrow account (the “Escrow Account”) in accordance with the terms and conditions of the Escrow Agreement.

depositing the Indemnity Escrow Amount into an escrow account (the “Indemnity Escrow Account”) to be established and maintained by the Escrow Agent pursuant to the Escrow Agreement. The funds held in the Indemnity Escrow Account (the “Indemnity Escrow Funds”) shall serve as security for, and a source of payment of, the Sellers’ obligations pursuant to Article 9, if any;

Escrow Agent” means the escrow agent under the Escrow Agreement, designated by the Committee. The Bank may be appointed as the Escrow Agent.

Escrow Account” means the escrow account created pursuant to the Escrow Agreement.

Escrow Agent” means Wells Fargo Bank, National Association, as escrow agent under the Escrow Agreement.

Release of Remaining Indemnity Escrow Amount. On the first Business Day after the first anniversary of the Closing, all Indemnity Escrow Funds in the Escrow Account that are not being properly reserved by the Escrow Agent pursuant to a Claim Notice received by the Escrow Agent prior to such first anniversary, shall be released to JI, and the parties shall jointly direct the Escrow Agent to release such Indemnity Escrow Funds pursuant to the procedures set forth in the Escrow Agreement.

Escrow Agent” means [[Administrative Agent:Organization]], solely in its capacity as escrow agent under the Escrow Agreement.

Upon delivery of the Escrow Funds to a successor escrow agent in accordance with this Section, the Escrow Agent shall thereafter be discharged from any further obligations hereunder. All power, authority, duties and obligations of the Escrow Agent shall apply to any successor escrow agent and all obligations of and Seller to Escrow Agent shall remain.

. “Escrow Agreement” means the share escrow agreement with respect to Escrow Shares to which said Seller is entitled at Initial Closing.

Release of Adjustment Escrow Funds. Within three (3) Business Days after the date on which the Final Purchase Price is finally determined, the Seller Representative (on behalf of the Sellers) and Buyer shall deliver to the Escrow Agent a joint written instruction directing the Escrow Agent to release and pay to the Sellers in accordance with their respective Pro Rata Percentages, by wire transfer of immediately available funds to the bank account of each Seller designated in such joint written instruction no later than the fifth (5th) Business Day after the date on which the Final Purchase Price is finally determined, an amount equal to the Adjustment Escrow Funds remaining in the Adjustment Escrow Account after giving effect to any payment required pursuant to [Section 2.4(d)(ii)].

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