Adjustment Escrow Agent definition

Examples of Adjustment Escrow Agent in a sentence

• The Adjustment Escrow Agent and the Security Escrow Agent shall each be authorized to register securities held by it in its name or in the name of a nominee or in bearer form and may deposit any securities or other property in a depository or a clearing corporation.

• From and after the Closing, the Adjustment Escrow Agent shall act as escrow agent, pursuant to the Adjustment Escrow Agreement, in effecting the payment of the amounts held in the Adjustment Escrow as set forth herein.

• Prior to the settlement of any such dispute, the Adjustment Escrow Agent is authorized and directed to retain in its possession, without liability to anyone, that portion of the Adjustment Escrowed Funds and the interest and other investment income earned thereon which is the subject of such dispute.

• The Company or the Fund Holder, as the case may be, and Purchaser may remove the Adjustment Escrow Agent at any time upon written notice by the Company and Purchaser jointly to the Adjustment Escrow Agent with immediate effect.

• After taking into account the payment of the Downward Adjustment Amount, if any, Parent and Securityholders’ Representative shall cause all remaining funds from the Adjustment Escrow Amount (including any interest accrued thereon), if any, to be released by the Adjustment Escrow Agent to the Securityholders’ Representative (for further distribution to the Unitholders (other than the Blocker Members) in accordance with the Payment Schedule).