Escrow Consideration. An amount equal to the Purchase Price less Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) (the "Escrow Consideration") shall be placed in escrow pursuant to the provisions of Paragraph 5.9 hereof to be held for a period of 18 months as security for indemnification obligations of Shareholder under this Agreement.
Appears in 2 contracts
Sources: Stock Purchase Agreement (1st Atlantic Guaranty Corp), Stock Purchase Agreement (SBM Certificate Co)