Examples of Closing Escrow Agreement in a sentence
If Buyer does not timely deliver the Closing Statement within ninety (90) days after the Closing Date, Buyer and Seller shall, pursuant to the Closing Escrow Agreement, direct the Escrow Agent to distribute all of the Purchase Price Adjustment Escrow Funds to Seller.
At each Closing, each Investor shall deliver or cause to be delivered to the Escrow Agent, its Investment Amount, in United States dollars and in immediately available funds, by wire transfer to the account designated in writing by the Company for such purpose in accordance with the terms of the Closing Escrow Agreement.
Notwithstanding the foregoing, following the Closing Date the Company may file a Current Report on Form 8-K with the SEC describing the terms of the transactions contemplated by the Transaction Documents and the occurrence of the Closing and including as exhibits to such Form 8-K this Agreement (including the schedules hereto and the names and addresses of the Purchasers), the Closing Escrow Agreement, the form of Warrants, in the form required by the Exchange Act and Regulation FD promulgated thereunder.
To the extent that the aggregate amount of Renegotiated Agreement Discounts is less than $180,000, the Escrow Agent shall release to Sellers that portion of the Large Customer Agreement Escrow that exceeds the Renegotiated Agreement Discounts on the first Business Day following the Adjustment Date (and Sellers and Purchaser shall timely deliver instructions to such effect to the Escrow Agent in accordance with the Closing Escrow Agreement).
To the extent that Purchaser negotiates any Renegotiated Agreement Discounts on or before the Adjustment Date, the Escrow Agent shall release to the Purchaser an amount equal to the aggregate amount of Renegotiated Agreement Discounts on the first Business Day following the Adjustment Date, provided that such amount shall not exceed $180,000 (and Sellers and Purchaser shall timely deliver instructions to such effect to the Escrow Agent in accordance with the Closing Escrow Agreement).