Deferred Consideration Escrow definition

Deferred Consideration Escrow is defined in Section 2.2(b).
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Examples of Deferred Consideration Escrow in a sentence

  • The Deferred Consideration Escrow will be held, maintained and disbursed by the Escrow Agent and will serve as security for any potential claims under Article 10, Seller Transaction Costs or Tax Liability as more fully described in Section 2.3 below, and any remaining balance will be paid to the Post-Secondary Transaction Sellers on the date that is thirty (30) months following the Closing Date in accordance with the Escrow Agreement.

  • Buyer cannot recover Damages from any Seller except out of the Deferred Consideration Escrow, the Other Claims Escrow (to the extent provided in the relevant escrow agreements) and except as provided in Section 10.4(d) and Section 10.1(b).

Related to Deferred Consideration Escrow

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Earnout Consideration has the meaning specified in Section 2.05(a).

  • Earn-Out Consideration is defined in Section 2.5(c).

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).