Examples of Closing Residual Cash Consideration in a sentence
The Paying Agent shall pay and deliver the portion of the Closing Residual Cash Consideration to which a Shareholder is entitled less applicable Tax withholding within two (2) Business Days of the Paying Agent's receipt of such Shareholder's duly executed Exchange Documents and Stock Certificate(s) in proper form.
An amount in cash equal to $250,000 (the "Representative Reserve Fund") will be withheld from the Closing Residual Cash Consideration at Closing and will be paid by Parent to the Representative pursuant to payment instructions delivered by the Representative to Parent.
The Closing Residual Cash Consideration shall be adjusted based on the Estimated Closing Date Net Working Capital as set forth in Section 2.2(a)(ii).
During the period from the delivery of the Closing Residual Cash Consideration Calculation to the Closing, Parent shall have an opportunity to review and comment on the Closing Residual Cash Consideration Calculation, and the Company shall consider in good faith any comments provided by Parent to the Closing Residual Cash Consideration Calculation.
At least two Business Days prior to the Closing Date, the Company will deliver to Parent a statement (the "Consideration Schedule") setting forth each Stockholder's aggregate Per Share Portion with respect to such Stockholder's Company Shares and each Optionholder's aggregate Per Share Portion with respect to such Optionholder's Options, in each case, of (a) the Closing Residual Cash Consideration, (b) the Representative Reserve Fund, and (c) the Adjustment Escrow Account.