Newark New Jersey Indemnification Agreement establishing Escrow Reserve
Category:
State:
Multi-State
City:
Newark
Control #:
US-CC-17-217
Format:
Word;
Rich Text
Instant download
Description
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
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