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.