Common use of Deferred Consideration Clause in Contracts

Deferred Consideration. The "Deferred Consideration" payable to Shareholders shall be subject to reduction as provided in Section 9.3 of this Agreement. If NBC incurs any Damages as described in Section 9.1, NBC shall have the right to set-off any such amounts against the Deferred Consideration as described in Section 9.3 in addition to any other remedies to which it may be entitled. As of the Closing, the Deferred Consideration shall be deposited into an interest bearing trust account with U.S. Bank, N.A., Lincoln, Nebraska, subject to the terms and conditions of the Escrow Agreement attached hereto as Exhibit A.

Deferred Consideration. The "Deferred Consideration" payable to Shareholders shall be subject to reduction as provided in Section 9.3 of this Agreement. If NBC incurs any Damages as described in Section 9.1, NBC shall have the right to set-off any such amounts against the Deferred Consideration as described in Section 9.3 in addition to any other remedies to which it may be entitled. As of the Closing, the Deferred Consideration shall be deposited into an interest bearing trust account with U.S. First Bank, N.A., Lincoln, Nebraska, subject to the terms and conditions of the Escrow Agreement attached hereto to the Agreement as Exhibit A.