Common use of Escrow Payment Clause in Contracts

Escrow Payment. A non-transferable, contingent right to distributions of funds (together with earnings thereon) to be held in one or more escrow accounts pursuant to the Escrow Agreement from and after the Effective Time, to secure purchase price adjustment obligations to Parent and indemnification obligations to the Parent Indemnified Parties (as defined in Section 8.02) attributable to such Company Common Unit, such distributions to be paid in accordance with Section 3.02 (the “Escrow Payment”).

Appears in 1 contract

Sources: Merger Agreement (Davita Inc)

Escrow Payment. A non-transferable, contingent right to distributions of funds (together with earnings thereon) to be held in one or more escrow accounts pursuant to the Escrow Agreement from and after the Effective Time, to secure purchase price adjustment obligations to Parent and indemnification obligations to the Parent Indemnified Parties (as defined in Section 8.02) attributable to such Company Common UnitCapital Stock, such distributions to be paid in accordance with Section 3.02 8.2 (the “Escrow Payment”).

Appears in 1 contract

Sources: Agreement and Plan of Merger (Aratana Therapeutics, Inc.)