Adjustment Escrow Fund definition

Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

Adjustment Escrow Fund shall have the meaning set forth in Section 1.2(b).

Adjustment Escrow Fund has the meaning set forth in Section 1C.

Examples of Adjustment Escrow Fund in a sentence

• If the Purchase Price, as finally determined, is greater than or equal to the Estimated Purchase Price, then Purchaser and Agent shall deliver a joint written instruction to Escrow Agent to release to Paying Agent, on behalf of the Stockholders, the Adjustment Escrow Fund, to be allocated among the Stockholders in accordance with each such Stockholder’s Percentage.

• Without limiting the foregoing, if the Purchase Price is greater than the Estimated Purchase Price, in addition to the release of the Adjustment Escrow Fund to the Stockholders, Purchaser shall pay to the Stockholders the difference between the Purchase Price and the Estimated Purchase Price (the “Underpayment”) by means of a wire transfer of immediately available funds to Paying Agent, to be allocated among the Stockholders in accordance with such Stockholder’s Percentage.

• If the Purchase Price, as finally determined, is less than the Estimated Purchase Price (an “Overpayment”), then Purchaser and Agent shall deliver a joint written instruction to Escrow Agent to release out of the Adjustment Escrow Fund an amount equal to the Overpayment and distribute the remainder of the Adjustment Escrow Fund, if any, to Paying Agent, on behalf of the Stockholders, to be allocated among the Stockholders in accordance with each such Stockholder’s Percentage.

More Definitions of Adjustment Escrow Fund

Adjustment Escrow Fund means the Adjustment Escrow Amount and any interest or earnings accrued thereon.

Adjustment Escrow Fund means, as of any date of determination, the amount of funds held in the Adjustment Escrow Account.

Adjustment Escrow Fund has the meaning given to such term in the Escrow Agreement.

Adjustment Escrow Fund means the Adjustment Escrow Amount withheld in accordance with Section 2.2(b), and if applicable, any earnings including interest on the Adjustment Escrow Amount.

Adjustment Escrow Fund means the portion of the Adjustment Escrow Amount held by the Escrow and Paying Agent in accordance with this Agreement and the Escrow Agreement, together with all interest, if any, earned from investment of such amounts.

Adjustment Escrow Fund has the meaning set forth in Section 2.1(d) (Escrow Fund).

Adjustment Escrow Fund has the meaning specified in Section 2.6(a).