Common use of Adjustment Escrow Amount Clause in Contracts

Adjustment Escrow Amount. (a) On the Closing Date, Purchaser shall deliver to the Adjustment Escrow Agent by wire transfer of immediately available funds (to account number [______________] of the Adjustment Escrow Agent (the "Adjustment Escrow Account")) the Adjustment Escrow Amount, accompanied by written notice from Purchaser identifying such amount as an amount being delivered for deposit into the Adjustment Escrow Account. The Adjustment Escrow Agent shall acknowledge to Purchaser the Adjustment Escrow Agent's receipt of said amount. (b) The Adjustment Escrow Amount, not including the interest and other investment income earned thereon, shall only serve to pay the amounts set forth in Section 4 hereof. (c) The Adjustment Escrow Agent shall hold the balance of the Adjustment Escrow Amount (the "Adjustment Escrowed Funds") in escrow and shall not withdraw the Adjustment Escrowed Funds from the Adjustment Escrow Account or use the Adjustment Escrowed Funds for any other purpose, except as provided in this Agreement.