Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time ▇▇▇▇▇▇ ▇▇ or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.
Appears in 4 contracts
Sources: Asset Purchase Agreement (Capstar Broadcasting Partners Inc), Asset Purchase Agreement (Commodore Media Inc), Asset Purchase Agreement (Capstar Broadcasting Partners Inc)
Instructions to Escrow Agent. Seller Each member of the Selling Group hereby covenants and agrees that at any time ▇▇▇▇▇▇ ▇▇ any member of the Selling Group is or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.
Appears in 1 contract
Sources: Asset Purchase Agreement (Capstar Broadcasting Partners Inc)
Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time ▇▇▇▇▇▇ ▇▇ prior to the expiration of the Indemnification Escrow Agreement Seller is or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI8, at Buyer's request, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Indemnification Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.
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Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time ▇▇▇▇▇▇ ▇▇ or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI11, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.
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Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time ▇▇▇▇▇▇ ▇▇ or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI11, at Buyer's request, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Indemnification Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.
Appears in 1 contract
Instructions to Escrow Agent. Seller hereby covenants and agrees that at any time ▇▇▇▇▇▇ ▇▇ or becomes obligated to indemnify a Buyer Indemnified Party for Buyer Indemnified Costs under this Article XI, Seller will execute and deliver to the Escrow Agent written instructions to release to the Buyer Indemnified Party such portion of the Holdback Amount as is necessary to indemnify the Buyer Indemnified Party for such Buyer Indemnified Costs.to
Appears in 1 contract
Sources: Asset Purchase Agreement (Capstar Broadcasting Partners Inc)