Closing Adjustment Escrow Account definition

Closing Adjustment Escrow Account means the account to hold the Closing Adjustment Escrow Amount established by the Escrow Agent pursuant to the Escrow Agreement.
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Closing Adjustment Escrow Account. Section 1.06(d) “Closing Date” Section 2.01
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Closing Adjustment Escrow Account shall have the meaning ascribed in Section 1.9.
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Examples of Closing Adjustment Escrow Account in a sentence

  • If possible, employees should protect County property from further damage, as long as doing so would not create a dangerous condition.

  • At the Closing, (x) a portion of the Xxxxxxx Money Deposit equal to the Indemnification Escrow Amount shall be deposited into the Indemnification Escrow Account, (y) a portion of the Xxxxxxx Money Deposit equal to the Closing Adjustment Escrow Amount shall be deposited in the Closing Adjustment Escrow Account, and (z) the remainder of the Xxxxxxx Money Deposit shall be released to the Seller.

  • ISR has 5 days to conduct such review by ISR management and consultants.If upheld the driver/team has no further appeal.

  • The Closing Adjustment Escrow Account will be maintained separately from other funds held by the Escrow Agent and will be Buyer’s and Merger Sub’s sole and exclusive source of recovery for any amounts owing to Buyer, Merger Sub or, following the Closing, the Surviving Corporation under this Agreement (including pursuant to Section 1.08 with respect to any Post-Closing Adjustment, but excluding any amounts owing that arise out of claims for Fraud).

  • Such funds shall be held by the Escrow Agent pursuant to the Escrow Agreement in an account entitled the "Local Financial Closing Adjustment Escrow Account" which shall be maintained separate from the escrow accounts established pursuant to Section 5.1(a) hereof.

Related to Closing Adjustment Escrow Account

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Amount means $1,000,000.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Indemnity Escrow Amount means $3,000,000.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

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

  • Working Capital Escrow Amount means $2,000,000.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Closing Amount has the meaning set forth in Section 2.2(a).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Purchase Price Allocation Schedule has the meaning set forth in Section 5.11(f)(ii).

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).