Amount of Deposit. Pursuant to the Visteon "A" Transaction Agreement, Ford shall deposit with the Escrow Agent on the date hereof (or, if the date hereof is not a Business Day, on the next Business Day thereafter) the sum of Four Hundred Million Dollars ($400,000,000). This amount shall constitute a separate escrow fund (together with such other amounts that may be deposited by Ford with the Escrow Agent pursuant to the terms of the Reimbursement Agreement (as defined below), the "ESCROW FUND") to be governed by the terms of this Agreement.
Appears in 2 contracts
Sources: Escrow Agreement (Ford Motor Co), Escrow Agreement (Visteon Corp)
Amount of Deposit. Pursuant to the Visteon "“A" ” Transaction Agreement, Ford shall deposit with the Escrow Agent on the date hereof (or, if the date hereof is not a Business Day, on then the next Business Day thereafter) the sum of Four Hundred Million Dollars ($400,000,000). This amount shall constitute a separate escrow fund (together with such other amounts that may be deposited by Ford with the Escrow Agent pursuant to the terms of a letter agreement dated August 14, 2008 or otherwise (the Reimbursement Agreement (as defined below)“Additional Escrow Monies”) , the "ESCROW FUND"“Escrow Fund”) to be governed by the terms of this Agreement.
Appears in 1 contract
Sources: Escrow Agreement (Visteon Corp)