My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1999-215
CBCC
>
Official Documents
>
1990's
>
1999
>
1999-215
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/31/2023 2:51:18 PM
Creation date
10/31/2023 2:45:58 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/24/1999
Control Number
1999-215
Entity Name
Falcon Cable Media
Subject
Purchase and Contribution Agreement, Transfer of Control of Ultimate Parent
Company of Falcon Cable Media
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
293
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
-4- <br />(a) upon receipt of written instructions, signed by Buyer and FHGLP in <br />accordance with such instructions; or <br />(b) in accordance with Section 6.9 of this Agreement. <br />2.6 TAM. Buyer shall be deemed to be the owner ofthe Adjustment Fond for tax <br />purposes. Buyer shall provide the Escrow Agent with a correct taxpayer identification number <br />on a substitute Form W-9 within 90 days following the date hereof and indicate thereon that It is <br />not subject to backup withholding on income earned on any amounts received hereunder. To the <br />extent that the Escrow Agent becomes liable for the payment of taxes on behalf ofmoth" parry <br />hereunder, including withholding Wes, in respect of interest. income and other earnings from <br />the investment of the Adjustment Fund held hereunder or any payment made hereunder, the <br />Escrow Agent may pay such nixes on behalfofsuch parry. The Escrow Agent may withhold <br />from any payment of monies to the party on whose behalf the taxes were paid, such amount as <br />the Escrow Agent reasonably estimates to be sufficient to provide for the payment of such tams <br />not yet paid, and shall use, the starts withheld solely for that purpose. The Escrow Agent shall be <br />indemnified and held harmless again any liability for taxes and for any penalties or interest in <br />respect of saxes on such interest, income or other earnings in the manner provided in Section 3.3. <br />The Escrow Agent shall, promptly following the end of each taxable period in which the <br />Adjustment Fund remains in existence, make distributions to Buyer from the interest. income or <br />other earnings of the Adjustment Fond in an amount equal to forty percent (40%) ofsuch <br />interest, income or other earnings to they extent they constitute taxable income. <br />2.7 Pumose. None of the Adjustment Fund will be available for any purpose. other <br />than as described in Section 2.6(b)of the Purchase Agreement, and the Adjustment Fund shall <br />not be available to satisfy any obligwions of Sellers pursuant to Section 10 of the Purchase <br />Agreement. <br />SECTION 3: ESCROW AGENT <br />3.1 Anwimment and Duties. Buyer and FHGLP hereby appoint the Escrow Agent m <br />serve hereunder and the Escrow Agent hereby accents such appointment and n- in _.form <br />all duties which are expressly set forth in this Agreement. <br />3.2 Compensation. Compensation will be paid to the Escrow Agent one-half by <br />Buyer and one-half by FHGLP as specified in Schedule A annexed hereto. <br />3.3 Indemnification, Buyer and FHGLP will, at their expense, indemnify the Escrow <br />Agent, hold it harmless, at theirjoint and several expense, from any and all claims, regardless of <br />nature, arising out of or because of this Agreement, and exonerate the Escrow Agent from any <br />liability in connection with this Agreement, at theirjoint and several expense, except as such <br />may wise because of the Escrow Agent's gross negligence or willful misconduct. Promptly after <br />ocotaaMa 94e <br />
The URL can be used to link to this page
Your browser does not support the video tag.