Definition of Post-Closing Adjustment Escrow Amount


Post-Closing Adjustment Escrow Amount means $3,000,000.

Examples of Post-Closing Adjustment Escrow Amount in a sentence

Buyer's only rights regarding the Post-Closing Adjustment Escrow Amount are the use of the Post-Closing Adjustment Escrow Amount as contemplated under Section 2.4 and Buyer will have no other right with respect thereto.
Any amounts being held by the Escrow Agent at the Closing in excess of the sum of the Post-Closing Adjustment Escrow Amount and the Indemnification Escrow Amount will be wired by the Escrow Agent to the Exchange Agent.
The Paying Agent shall distribute to each Company Securityholder who has tendered before such payment date his, her or its completed and duly executed Letter of Transmittal, such holders share of both the Post-Closing Adjustment Escrow Amount and the the Post-Closing Adjustment deposited by Parent based upon such holders entitlement to Merger Consideration computed after the Post-Closing Adjustment.
The Post-Closing Adjustment Escrow Amount will be deposited into an escrow account pursuant to Section 2.3(a) and the terms of an Escrow Agreement in substantially the form attached hereto as Exhibit 8.2(a) with such changes reasonably requested by the Paying/Escrow Agent (the "Escrow Agreement").
The parties hereto agree that to the extent income and earnings on the Signing Deposit, the Post-Closing Adjustment Escrow Amount, and/or the Indemnification Escrow Amount exceed imputed interest under the relevant provisions of the Code, such excess shall be treated as additional stated interest for U.S. federal income tax purposes.