DoE Amount definition
DoE Amount. See Section 2.1(a)(iii);
Examples of DoE Amount in a sentence
If this covenant is breached, the Sellers’ sole remedy shall be the payment of the DoE Amount.
The DoE Amount will be deposited into an escrow fund to be governed by the terms of the DoE Escrow Agreement.
After the Closing Date, the Buyer and the Guarantor shall use their commercially reasonable efforts, consistent with the past practice of the Companies in obtaining Department of Education contracts, to cause the conditions set forth in Section 3.3 to be fulfilled and the DoE Amount to be released to the Sellers.
The DoE Amount, if earned, will be payable solely from the DoE Escrow Fund.