Examples of Closing Adjustment Escrow Amount in a sentence
In the event that, in the aggregate, the Closing Date Cash Payment Adjustment results in an increase in the Closing Date Cash Payment, (i) all of the Closing Adjustment Escrow Amount shall be released to the Seller in accordance with the Escrow Agreement, and (ii) the Buyer shall pay the Closing Date Cash Payment Adjustment to the Seller.
Buyer shall have delivered to the Escrow Agent cash in an aggregate amount equal to the Closing Adjustment Escrow Amount plus the Indemnity Escrow Amount.
Buyer shall have delivered to Seller cash in an amount equal to the Purchase Price (as adjusted pursuant to Section 2.03(a) (ii)), less the sum of the Closing Adjustment Escrow Amount and the Indemnity Escrow Amount, by wire transfer in immediately available funds, to an account or accounts designated at least two Business Days prior to the Closing Date by Seller in a written notice to Buyer.
Payments to Buyer shall be paid (1) first from the Closing Adjustment Escrow Amount; (2) then, to the extent the Closing Adjustment Escrow Amount is insufficient, from the Indemnity Escrow Amount; (3) then, to the extent the Closing Adjustment Escrow Amount and Indemnity Escrow Amount are insufficient, directly from Seller Representative on behalf of Seller to Buyer via wire transfer of immediately available funds to such account as is directed by Buyer; in each case, by the Post-Closing Payment Date.
The Closing Adjustment Escrow Amount shall be deducted from the amounts otherwise payable to the Key Shareholders at Closing.