Common use of Escrow Amount Deposit Clause in Contracts

Escrow Amount Deposit. Promptly following the Effective Time, Parent shall deposit the Escrow Amount, out of the Closing Merger Consideration deliverable pursuant to Section 2.7, with the Escrow Agent. Parent shall be deemed to have contributed with the Escrow Agent, on behalf of each Company Securityholder, such Company Securityholder’s Pro Rata Portion of the Escrow Amount.

Escrow Amount Deposit. Promptly following the Effective Time, Parent shall deposit the Escrow Amount, out of the Closing Merger Consideration deliverable pursuant to Section 2.7, with the Escrow Agent. Parent shall be deemed to have contributed with the Escrow Agent, on behalf of each the Company SecurityholderStockholders and the holders of Company Warrants, such Company Securityholder’s their respective Pro Rata Portion Portions of the Escrow Amount.”