Escrow Cash Payment definition

Escrow Cash Payment means $225,000.
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Escrow Cash Payment shall have the meaning set forth in Section 2.7(a).
Sample 1

Examples of Escrow Cash Payment in a sentence

  • At the Effective Time, Autobytel, on behalf of Target, shall issue to the Series A Holders that number of shares of Autobytel Common Stock determined by dividing the aggregate Series A Payment by the Trading Average; provided, that Autobytel’s obligation to issue the shares of Autobytel Common Stock to each Series A Holder pursuant to this Section 2.6(c) is conditioned on each such Series A Holder funding its portion of the Escrow Cash Payment to the Escrow Agent pursuant to Section 2.7(a).

  • The Escrow Cash Payment shall be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party hereto.

  • The Escrow Cash Payment shall be deposited in escrow pursuant to Section 1.7 below and shall be held and disposed of in accordance with the terms of the Escrow Agreement and Section 1.8 below.

  • The Company Stockholders have further agreed in Section 1.8 of the Purchase Agreement to authorize the Escrow Agent to disburse all or a portion of the Escrow Cash Payment to the Buyer based on post-closing adjustments described in Section 1.8 of the Purchase Agreement.

  • The Escrow Agent agrees to accept delivery of the Escrow Cash Payment and to hold the Escrow Cash Payment in an escrow account (the "Escrow Account"), subject to the terms and conditions of this Agreement.

  • CAV SOFRONOFF P:[1] On 10 September 2014, Mr Richard Walker, who is the applicant and who was the plaintiff below, went to visit his father at a Sunshine Coast Hospital.

  • The Escrow Cash Payment shall be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party, and shall be held and disbursed solely for the purposes and in accordance with the terms of the Escrow Agreement and Section 1.8 below.

  • The Escrow Cash Payment shall be held by the Escrow Agent under the Escrow Agreement pursuant to the terms thereof.

  • The respective interests of the Company Stockholders --------------- in the Escrow Cash Payment and any other property comprising the Escrow Account (collectively with the Escrow Cash Payment, the "Escrow Property") shall not be assignable or transferable, other than by operation of law.

  • On the Closing Date, the Buyer shall deliver to the Escrow ------ Agent, by certified or bank check or wire transfer of immediately available funds, the Escrow Cash Payment, for the purpose of (a) securing the indemnification obligations of the Company Stockholders set forth in this Agreement and (b) securing the post-Closing adjustments set forth in Section 1.8 below.

Related to Escrow Cash Payment

  • Cash Payment has the meaning set forth in Section 2.2(b).

  • Escrow Cash is defined in Section 4.1(a).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Closing Cash Consideration has the meaning set forth in Section 2.6(a)(i).

  • Non-Cash Consideration means consideration in a form other than cash.

  • Indemnity Escrow Amount means $3,000,000.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Earnout Consideration shall have the meaning specified in Section 2.03(b).

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

  • Escrow Fund has the meaning ascribed to it in Section 7.2(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Cash Merger Consideration has the meaning set forth in Section 2.5.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Adjustment Escrow Amount means $1,000,000.