Escrow Consideration. An amount equal to the Purchase Price less Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) (the "Escrow Consideration") shall be placed in escrow pursuant to the provisions of Paragraph 5.9 hereof to be held for a period of 18 months as security for indemnification obligations of Shareholder under this Agreement.
Escrow Consideration. (a) On the date hereof, in accordance with the terms of the Underlying Agreements, the MSP Principals agree to deposit with the Escrow Agent, from the Equity Consideration issuable to the MSP Principals or their respective controlled affiliates (in their respective capacity as Members) under the MIPA, an aggregate of 1,029,000,000 Up-C Units (valued at $10.00 per unit) (the “Escrow Consideration”). The Escrow Agent shall hold the Escrow Consideration as a book-entry position registered in the name of “Continental Stock Transfer & Trust Company as Escrow Agent for the benefit of MSP Recovery, Inc.” The Escrow Agent agrees to keep the Escrow Consideration separate from all other property held by the Escrow Agent and to identify the Escrow Consideration as being held in connection with this Agreement (the “Escrow Fund”). The Escrow Agent shall acknowledge in writing to the Parties receipt of evidence of book-entry registration of the Escrow Consideration from Parent’s transfer agent.
Escrow Consideration. (a) At Closing, Acquiror will deposit, or cause to be deposited, the Escrow Consideration with the Escrow Agent appointed pursuant to the Escrow Agreement (the “Escrow Agent”). The Escrow Consideration shall be held as security of the indemnification obligations of the Effective Time Holders under this Section 9, and administered per the terms of this Agreement and the Escrow Agreement. The Escrow Consideration will be held by the Escrow Agent for the periods provided herein and in the Escrow Agreement, and any Escrow Consideration to be distributed to the Effective Time Holders shall be distributed in accordance with such Effective Time Holder’s Pro Rata Portion. Acquiror shall pay the fees and expenses of the Escrow Agent.
Escrow Consideration. (a) On or prior to the Closing Date, Parent shall deposit or cause to be deposited (i) out of the Cash Consideration an amount of cash equal to Three Hundred Forty-Five Thousand Dollars ($345,000.00) (the “Cash Escrow Consideration”) and (ii) out of the Stock Consideration 22,660 shares of Parent Common Stock (the “Stock Escrow Consideration”, and together with the Cash Escrow Consideration, the “Escrow Consideration”) into an escrow account (the “Escrow Account”) with the Bank (or such other Person as may be mutually agreed by Parent and the Company), in its capacity as escrow agent, which shall be held in the Escrow Account for a period of twelve (12) months following the Closing Date (the “Escrow Period”) and disbursed only in accordance with the terms and conditions set forth in an escrow agreement substantially in the form attached hereto as Exhibit “D” (the “Escrow Agreement”) or as otherwise agreed by Parent and the Company Members Representative.
Escrow Consideration. In addition to being converted into the right to receive the Cash Consideration and the Tax Refund Consideration, each such issued and outstanding share of Company Stock shall also be converted into a 0.00005328002% interest in the Escrow Funds (the "Escrow Consideration").
Escrow Consideration. The Escrow Consideration shall have been deposited with the Escrow Agent as contemplated hereby and by the Escrow Agreement.
Escrow Consideration. On the Closing Date, Parent shall deposit with the Escrow Agent referred to in Section 9.2(a) an amount in cash equal to $7,700,000 (the "ESCROW CONSIDERATION"), as collateral for the indemnification obligations of the Company pursuant to Article IX of this Agreement. The Merger Consideration Spreadsheet shall set forth for each Securityholder the portion of the Escrow Consideration that is allocable to such Securityholder.
Escrow Consideration. (a) At the Closing, Buyer shall deposit into escrow the components of the Purchase Price identified in subparagraph 1.5(b) hereafter (the "Escrow Consideration"). The Stock Consideration component set forth below shall serve on a non-exclusive basis as collateral for the indemnification obligations of the Shareholders pursuant to this Agreement, and the Cash Consideration component set forth below shall be offset against the "Deficiency" as provided in Section 5.10 hereof. Buyer consents to the appointment of Levenfeld, Eisenberg, Janger & Glasxxxxx xx the escrow agent (the "Escrow Agent"). The deposit, maintenance and ultimate disposition of the Escrow Consideration shall be governed by the terms of an escrow agreement, the form of which is attached hereto as Exhibit A (the "Escrow Agreement").
Escrow Consideration. The Escrow Consideration shall be released from the Escrow Account as follows:
Escrow Consideration. The "Escrow Consideration" shall mean 0.2 multiplied by the Stock Consideration.
