Preferred Escrow Amount definition

Preferred Escrow Amount means the aggregate amount of the Preferred Stock Preference Payment otherwise payable to the holders of Target Series A Preferred Stock and Target Series B Preferred Stock that is used to fund the Escrow Amount, if any, which shall be the difference equal to (i) the Escrow Amount minus (ii) the Common Escrow Amount.
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Preferred Escrow Amount shall consist of $0.10 per Preferred Share withheld from the Per Share Liquidation Preference (5,795,200 Preferred Shares x $0.10 per Preferred Share = $579,520). The "Common Escrow Amount" shall be the difference between the Escrow Amount and the Preferred Escrow Amount, with such Common Escrow Amount being withheld on a pro rata basis from each Common Share exchanged in consideration for receiving a pro rata share of the Common Per Share Amount.
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Examples of Preferred Escrow Amount in a sentence

  • The Escrow Amount shall be comprised of two elements, the Preferred Escrow Amount and the Common Escrow Amount.

  • The "Common Escrow Amount" shall be the difference between the Escrow Amount and the Preferred Escrow Amount, with such Common Escrow Amount being withheld on a pro rata basis from each Common Share exchanged in consideration for receiving a pro rata share of the Common Per Share Amount.

  • All funds payable out of the Escrow to Acquiror shall first be paid out of the Common Escrow Amount and then shall be paid out of the Preferred Escrow Amount.

  • The "Preferred Escrow Amount" shall consist of $0.10 per Preferred Share withheld from the Per Share Liquidation Preference (5,795,200 Preferred Shares x $0.10 per Preferred Share = $579,520).