First Escrow Amount definition

First Escrow Amount shall have the meaning specified in Section 2.1.

First Escrow Amount means such part of the Escrow Amount released to the Sellers in an amount agreed by the parties under the Payment Authorization Notifications dated 17 March 2009. First Payment means the US$10,210,000 payable to Lu Benzhao as the "First Payment" under the Consulting Agreement.

First Escrow Amount means US$1,300,000.

Examples of First Escrow Amount in a sentence

• Any extraordinary fees and expenses, including without limitation any fees or expenses incurred by the Escrow Agent in connection with a dispute over the distribution of the First Escrow Amount, Second Escrow Amount, Third Escrow Amount or Fourth Escrow Amount or the validity of a Claim or Claims by any Purchaser Indemnified Party, will be paid 50% by Purchaser and 50% by Seller.

• The First Escrow Amount and the Second Escrow Amount (if deposited subject to the terms herein), when deposited with the Escrow Agent shall constitute the Escrow Fund and be subject to the terms and provisions set forth herein and in the Escrow Agreement attached hereto as Exhibit B.

• Approximately 6% of health staff expressed the feeling that they felt uncomfortable working with coworkers who were HIV+.

• The Parent shall, or shall cause the Merger Sub to, deposit with the Escrow Agent that amount of cash equal to the First Escrow Amount out of the Purchase Price in order to support the Stockholders’ indemnification obligations under ‎Article VII.

• If the First Escrow Amount in DKK is less than the First Installment to be paid by Buyer, then Buyer shall pay any difference in DKK directly to the Sellers.

• If the Agreement is terminated prior to Closing or if the transaction that is the subject of the Agreement otherwise fails to close by March 31, 2006, the First Escrow Amount shall be released immediately to SpectraLink upon joint request from SpectraLink and the Sellers, unless Buyer or SpectraLink pursuant to the Agreement is obliged to pay the Purchase Price or compensation to the Sellers in which case only the amount in dispute between Buyer and the Sellers shall remain on the Escrow Account.

• The Escrow Agent will pay the First Escrow Amount to Seller by certified or bank cashier's check to the address provided herein or by wire transfer of immediately available federal funds as directed in a written notice delivered by Seller to the Escrow Agent no less than five business days prior to the First Escrow Release Date.

• While the Amended Asset Sales Deed provided that the payment of the Second Escrow Amount would be made in accordance with the terms of the Amended Asset Sales Deed which provided certain defined circumstances under which MPAL was entitled to reimbursement of the deposit, the Deed of Variation re-classified the First Escrow Amount as non-refundable.

• If the First Escrow Amount in DKK exceeds the First Installment, Buyer shall be entitled to demand that the excess amount be released to Buyer at Closing.

• It would not be desirable for anything happening in the evening at the headquarters.

More Definitions of First Escrow Amount

First Escrow Amount as defined in the Stock Purchase Agreement shall have failed to have been funded into the escrow account pursuant to the terms of the Stock Purchase Agreement by December 16, 2005; then, and in every such event (other than an event with respect to the Borrower described in clause (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by the Borrower; and (iii) exercise any and all other rights and remedies available to the Administrative Agent under the terms of any Loan Documents or by law or equity. In case of any event with respect to the Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by the Borrower.

First Escrow Amount has the meaning stated in subsection 2.2(b)(i).

First Escrow Amount has the meaning specified on Schedule 1.1.

First Escrow Amount means the amount set forth on Schedule 1.04(b).