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
Massachusetts Indemnification Agreement establishing Escrow Reserve
Category:
State:
Multi-State
Control #:
US-CC-17-217
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Establishing Escrow Reserve?
If you need to complete, download, or print out lawful record templates, use US Legal Forms, the biggest assortment of lawful types, that can be found on the Internet. Make use of the site`s basic and practical look for to obtain the papers you will need. Different templates for company and personal uses are categorized by types and suggests, or key phrases. Use US Legal Forms to obtain the Massachusetts Indemnification Agreement establishing Escrow Reserve with a number of mouse clicks.
If you are already a US Legal Forms consumer, log in in your bank account and click the Down load option to find the Massachusetts Indemnification Agreement establishing Escrow Reserve. You can also accessibility types you formerly delivered electronically within the My Forms tab of your bank account.
If you work with US Legal Forms the very first time, follow the instructions listed below:
- Step 1. Be sure you have chosen the shape for that correct metropolis/nation.
- Step 2. Make use of the Review choice to examine the form`s articles. Never neglect to learn the outline.
- Step 3. If you are not happy together with the kind, use the Research area at the top of the monitor to discover other types from the lawful kind format.
- Step 4. After you have discovered the shape you will need, click on the Purchase now option. Pick the costs plan you like and put your accreditations to sign up for an bank account.
- Step 5. Method the transaction. You can utilize your credit card or PayPal bank account to complete the transaction.
- Step 6. Find the file format from the lawful kind and download it on the product.
- Step 7. Comprehensive, modify and print out or indicator the Massachusetts Indemnification Agreement establishing Escrow Reserve.
Every lawful record format you get is your own for a long time. You may have acces to each and every kind you delivered electronically inside your acccount. Click the My Forms segment and pick a kind to print out or download yet again.
Compete and download, and print out the Massachusetts Indemnification Agreement establishing Escrow Reserve with US Legal Forms. There are many skilled and state-particular types you can utilize for the company or personal needs.
Form popularity
FAQ
An indemnification clause is a contractual provision pursuant to which one party (the ?indemnifying party?) agrees to make another party (the ?indemnified party?) financially whole if the indemnified party suffers economic damages or losses due to specific events agreed upon by the parties.
The escrow fund provides a direct recourse should the buyer incur losses due to a breach of those representations and warranties. After the close of the deal, the buyer has a period, typically 12 to 18 months, where they can inspect the target company to ensure the accuracy of those representations.
Indemnity holdbacks are a temporary reduction in the amount of purchase price paid to the seller at closing, held in escrow to be drawn upon to cover seller's indemnity obligations to the buyer, thereby reducing the purchase price.
Escrow fees are a portion of the closing costs that come with buying a home. These costs are paid directly to an escrow company, real estate attorney or title company to conduct the closing and distribute funds to the third parties involved in the real estate transaction.
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%.
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).
The indemnity escrow period is the length of time after the transaction closing date that the indemnity escrow amount is held before being released to the seller.