17-217 17-217 . . . Indemnification Agreement providing that (i) in event of change in control, corporation shall establish Escrow Reserve of $2,000,000 as security for its obligations under Indemnification Agreement and (ii) in event of any liquidation, merger, consolidation or reorganization in which corporation is not surviving entity, or sale of all or substantially all of corporation's assets, corporation shall ensure that Indemnification Agreement is assumed by surviving entity or otherwise provide for satisfaction of its obligations thereunder
Alaska Indemnification Agreement establishing Escrow Reserve
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How to fill out Indemnification Agreement Establishing Escrow Reserve?
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An indemnification escrow is typically funded by setting aside and depositing a portion of the cash payable as purchase price with a third party (whether into an escrow account, a trust or a security deposit). Indemnity Escrows and Other Payment Guarantees - Latin Lawyer latinlawyer.com ? guide ? first-edition ? article ? i... latinlawyer.com ? guide ? first-edition ? article ? i...
As a homeowner, you sometimes have the option of choosing to have an escrow account or making your tax and insurance payments on your own when they come due. Borrowers may choose to have an escrow account added at some point over the term of their mortgage so they can stop making lump sum payments. Why Did My Mortgage Go Up? rocketmortgage.com ? learn ? why-is-my-m... rocketmortgage.com ? learn ? why-is-my-m...
Basically, this is a small portion of the purchase price held in escrow that can serve as a fund to satisfy indemnification claims against the seller. Escrow amounts are typically calculated as a percentage of the purchase price, and can range from less than 5% to greater than 15%. Indemnification Escrows, Holdbacks and Baskets ? RoseBiz Inc rosebiz.com ? indemnification-escrows-holdbacks-... rosebiz.com ? indemnification-escrows-holdbacks-...
As used herein, ?INDEMNIFY? means to agree to assume the Released Parties' liability in a situation, thereby relieving them of responsibility, and/or reimbursing the Released Party for Claims asserted against them. RELEASE OF LIABILITY AND INDEMNITY AGREEMENT - Revize revize.com ? prowerscounty ? RELEAS... revize.com ? prowerscounty ? RELEAS...
Indemnity Escrow Period: This is the length of time after the transaction closes that the indemnity escrow is held before being released to the seller. This can be less than a year to greater than two years, but currently ran between 12 and 18 months.