Common use of Deposit; Balance Clause in Contracts

Deposit; Balance. The balance of the Deposit remaining after making the Patriot Payoff shall be held in escrow by the Sellers until the earlier of (i) the release of the Deposit to the Sellers at the Closing or (ii) the release of the Deposit pursuant to Section 8 of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement

Deposit; Balance. The balance of the Deposit remaining after making the Patriot Payoff shall be held in escrow by the Sellers Sellers' counsel until the earlier of (i) the release of the Deposit to the Sellers at the Closing or (ii) the release of the Deposit pursuant to Section 8 of this Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement