Examples of Escrow Consideration in a sentence
The Escrow Agreement shall provide that, on the first anniversary of the Completion Date, the escrow agent shall release the Escrow Consideration, less that portion of the Escrow Consideration applied in satisfaction of or reserved with respect to indemnification claims made prior to such date, to the AES Shareholders entitled to receive them in the same proportions as originally deposited into escrow.
Such Holder of a National Insured Bond Claim shall deposit, or be deemed to have deposited, among other things, such holder’s Pro Rata Share of the National Escrow Consideration in the National Escrow Account and such deposited National Escrow Consideration shall be held as security for National’s obligations to the Holders of the National Insured Bonds whose National Escrow Consideration was deposited in the National Escrow Account under the National Insurance Policies.
From and after the Effective Time, the holders of certificates formerly evidencing ownership of the shares of Company Stock outstanding immediately prior to the Effective Time shall cease to have any rights with respect to such shares, except as otherwise provided for herein (including the right to receive the portion of the Closing Consideration, Escrow Consideration and Representative Fund Consideration as provided pursuant to Section 2.1(a) hereof) or by Applicable Law.
No fraction of a share of Parent Common Stock shall be issued at Closing pursuant to Section 2.1 or Section 2.6. In lieu of any fractional shares, the fractional amount of Parent Common Stock which any Indemnifying Stockholder would otherwise be entitled to receive under Section 2.1 or Section 2.6 shall be delivered as Escrow Consideration pursuant to Section 2.5.
As security for the indemnity provided in Sections 7.2(a) and (b) hereof, pursuant to Section 1.2(a)(ii) and (iii) hereof, the Escrow Consideration shall be deposited in escrow with the Escrow Agent (the "Escrow Fund").