Liquidity Amount. (a) RESERVED (b) On the Closing Date, Subsidiary (acting by and through Holding Company), Cordish Affiliate and Escrowee shall each execute and deliver to each other that certain Liquidity Amount Escrow Agreement (the "LIQUIDITY AMOUNT ESCROW AGREEMENT") that is in the form attached hereto as EXHIBIT "1.3 (b)". At the Closing, the Holding Company, subject to the approval of Inland Affiliate, which approval shall not be unreasonably withhold, shall complete the blanks in the Liquidity Amount Escrow Agreement in accordance with the provisions of this Section 1.3. 1.3.2. On the Closing Date Inland Affiliate shall, by wire transfer of immediately available funds to the account designated by Escrowee, deposit with Escrowee a portion of the Capital Contribution equal to the LIQUIDITY AMOUNT (as that term is defined in Section 1.3.3 (b) hereof.) Escrowee shall invest, hold and disburse the Liquidity Amount in accordance with the terms of the Liquidity Amount Escrow Agreement. 1.3.3. (a) RESERVED
Appears in 1 contract
Sources: Contribution Agreement (Inland Western Retail Real Estate Trust Inc)
Liquidity Amount. (a) RESERVED
(b) On the Closing Date, Subsidiary (acting by and through Holding Company), Cordish Affiliate and Escrowee shall each execute and deliver to each other that certain Liquidity Amount Escrow Agreement (the "LIQUIDITY AMOUNT ESCROW AGREEMENT") that is in the form attached hereto as EXHIBIT "1.3 (b)". At the Closing, the Holding Company, subject to the approval of Inland Affiliate, which approval shall not be unreasonably withhold, shall complete the blanks in the Liquidity Amount Escrow Agreement in accordance with the provisions of this Section 1.3.
1.3.2. On the Closing Date Inland Affiliate shall, by wire transfer of immediately available funds to the account designated by Escrowee, deposit with Escrowee a portion of the Capital Contribution equal to the LIQUIDITY AMOUNT (as that term is defined in Section 1.3.3 (b) hereof.) Escrowee shall invest, hold and disburse the Liquidity Amount in accordance with the terms of the Liquidity Amount Escrow Agreement.
1.3.3. (a) RESERVED
Appears in 1 contract
Sources: Contribution Agreement (Inland Western Retail Real Estate Trust Inc)