Escrow Release Amount definition

Escrow Release Amount has the meaning set forth in Section 2.3(b).

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Escrow Release Amount means the amount of cash collateral released from the Project Restricted Accounts, in aggregate, as set forth under the Escrow Release Schedule.

Escrow Release Amount means, collectively, the amounts distributed from the Escrow Fund to the Holders pursuant to Section 9.7(k) and the Escrow Agreement.

Examples of Escrow Release Amount in a sentence

For U.S. federal income tax purposes, Buyers and Sellers agree that the Escrow Funds shall be treated as owned by Sellers (such that any income earned on the Escrow Funds between the Closing Date and the Escrow Release Date shall be recognized by Sellers), subject to forfeiture by Sellers based upon a final determination of the Escrow Release Amount.
As soon as all such claims have been resolved, the Escrow Agent shall deliver the remaining portion of the Escrow Release Amount not required to satisfy such claims to (i) the Exchange Agent for further distribution to the Company Securityholders (other than the Company Option Holders) and (ii) the Company for further distribution to the Company Option Holders, in each case, in accordance with the Payment Schedule (as updated pursuant to Section 6.11).
Within five (5) Business Days following the Parties’ final determination of the Subcontract Backlog Report (as defined in the Subcontract Agreement) and the Escrow Release Amount for any given month, Seller and Buyers shall deliver joint instructions to the Escrow Agent instructing the Escrow Agent to release to Seller, in accordance with the Escrow Agreement, a portion of the Escrow Amount equal to the Escrow Release Amount.
On each Escrow Payment Date, the Escrow Agent shall deliver the applicable Escrow Release Amount on behalf of the Purchaser to ENS Africa, for payment by ENS Africa to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and for distribution by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to the Sellers (other than DiGame) pro rata in accordance with their respective Sellers’ Escrow Proportions.
On the Interim Indemnity Escrow Release Date, Buyer and Sellers’ Representative shall jointly instruct the Escrow Agent to disburse to the Sellers’ Representative (for further distribution to the Sellers in accordance with the provisions of Schedule I hereto) from the Indemnity Escrow Account the Interim Indemnity Escrow Release Amount by wire transfer of immediately available funds in accordance with the wire transfer instructions designated in writing by Sellers’ Representative.

More Definitions of Escrow Release Amount

Escrow Release Amount shall have the meaning set forth in Section 2.8(a).

Escrow Release Amount means: (A) if the Aggregate Gross Cash Flow is less than $1,995,800,000, then (I) the Escrow Release Amount to Sellers shall be zero dollars ($0) and (II) the Escrow Release Amount to Buyers shall be the Aggregate Escrow Amount plus all accrued interest thereon (or, if the Escrowed Funds at such time shall be less than such sum, then the amount of Escrowed Funds at such time); (B) if the Aggregate Gross Cash Flow is at least $1,995,800,000 but is less than $2,069,100,000, then (I) the Escrow Release Amount to Sellers shall be the product of (x) the Aggregate Escrow Amount plus all accrued interest thereon (or, if the Escrowed Funds at such time shall be less than such sum, then the amount of Escrowed Funds at such time) multiplied by (y) the Proration Percentage, and (II) the Escrow Release Amount to Buyers shall be the difference between (x) Aggregate Escrow Amount plus all accrued interest thereon (or, if the Escrowed Funds at such time shall be less than such sum, then the amount of Escrowed Funds at such time) minus (y) the result in the preceding clause (I); and (C) if the Aggregate Gross Cash Flow is at least $2,069,100,000, then (I) the Escrow Release Amount to Sellers shall be the Aggregate Escrow Amount plus all accrued interest thereon (or, if the Escrowed Funds at such time shall be less than such sum, then the amount of Escrowed Funds at such time) and (II) the Escrow Release Amount to Buyers shall be zero dollar ($0).

Escrow Release Amount means any amount of the Escrow Fund that is required to be released and distributed to the Surviving Company (for further distribution to the Participating Optionholders and the Bonus Payment Recipients), the Exchange Agent (for further distribution to the Other Stockholders) and the Specified Stockholders pursuant to the terms of this Agreement, including, without limitation, the Initial Indemnity Escrow Amount and any portion of the Pending Claims Reserve applicable to a Pending Claim to which Holdco is not entitled pursuant to a Joint Notice.

Escrow Release Amount means, with respect to any applicable month, an amount equal to (i) the quotient of the Released Backlog over the Required Contract Backlog multiplied by (ii) the Escrow Amount.

Escrow Release Amount has the meaning set forth in Section 9.11(b).

Escrow Release Amount has the meaning given in Clause 3.3.1;

Escrow Release Amount has the meaning set forth in Section 9.6(e) hereof.