Indemnity Escrow Account definition

Indemnity Escrow Account means an account established by the Escrow Agent pursuant to the Escrow Agreement.

Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

Indemnity Escrow Account means an account into which the Indemnity Escrow Amount will be deposited, as more fully described in the Escrow Agreement.

Examples of Indemnity Escrow Account in a sentence

For this purpose, Buyer shall provide to the Indemnity Escrow Agent, at the time of any disbursement, a schedule indicating the allocation of such disbursement from the Indemnity Escrow Account between (i) principal and (ii) imputed interest to be reported on IRS Form 1099-INT or 1099-OID.
Any amount distributed from the Indemnity Escrow Account to Seller shall be treated as a payment pursuant to Buyer’s obligation to Seller arising from Seller’s sale of property to which the installment sale provisions of Section 453 of the Code, and the unstated interest provisions of Section 483 or 1274 of the Code, apply.
On the Closing Date, Purchaser shall deliver to the Indemnity Escrow Agent payment, by wire transfer to the Indemnity Escrow Account, immediately available funds in an amount equal to the Indemnity Escrow Amount.
At or prior to Closing, the Company may elect in its sole discretion to have a pro rata portion of the proceeds otherwise payable to the holders of Cash Converted Options hereunder withheld from the payments to such holders and contributed into the Adjustment Escrow Account and the Indemnity Escrow Account based on the holders’ pro rata portion of the proceeds hereunder.
The Pending Claim Reserve shall remain in the Indemnity Escrow Account until the resolution of the applicable claim or claims to which such reserve relates.

Indemnity Escrow Account shall have the meaning set forth in Section 2.7.

Indemnity Escrow Account has the meaning set forth in Section 2.01(b).

Indemnity Escrow Account has the meaning set forth in Section 1.06.

Indemnity Escrow Account means the sub-account designated by the Escrow Agent as the “Indemnity Escrow Sub-Account” into which the Indemnity Escrow Amount is deposited with the Escrow Agent and held by it, subject to disbursement as provided in this Agreement and in the Escrow Agreement.

Indemnity Escrow Account means a separate account established in accordance with the terms of the Escrow Agreement, which shall hold the Indemnity Escrow Amount and all interest and other amounts earned thereon.

Indemnity Escrow Account has the meaning set forth in Section 2.8(b).