Minimum Deposit. Buyer has delivered to the Escrow Agent the Minimum Deposit in immediately available funds pursuant to the Escrow Agreement. The Minimum Deposit shall not be subject to any lien, attachment, trustee process, or any other judicial process of any creditor of any Seller or Buyer. The Parties shall instruct the Escrow Agent to distribute the Minimum Deposit to Sellers at the Closing (which amount shall be deducted from the Purchase Price due and payable by Buyer at the Closing), or, if this Agreement is terminated, treated in the manner set forth in Section 11.2 and the Escrow Agreement. All fees associated with the Escrow Agreement shall be borne by Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Camping World Holdings, Inc.)