Primary Escrow Amount definition

Primary Escrow Amount shall have the meaning set forth in Section 1.7.
Sample 1
Primary Escrow Amount means $1,500,000.
Sample 1
Primary Escrow Amount means cash in the amount of the sum of (i) TEN MILLION DOLLARS ($10,000,000) and (ii) if and when the UK Tax Credit Amount has been received by the UK Subsidiary, the UK Tax Credit Amount.
Sample 1

Examples of Primary Escrow Amount in a sentence

  • The electronic nose (e-nose) technology has the potential of measuring both quality and quantity of odour.

  • The Primary Escrow Amount and the Secondary Escrow Amount shall be subject to, and distributable in accordance with, the Escrow Fund established pursuant to Article VIII below and the Escrow Agreement.

  • Buyer and Representative hereby appoint and designate Escrow Agent to receive the Primary Escrow Amount and the Secondary Escrow Amount (as defined below), maintain possession of the Deposit (as defined below) and act as escrow agent for the purposes set forth herein, and Escrow Agent hereby accepts such appointment and designation under the terms and conditions set forth herein.

  • All Specific Claims shall first be satisfied from the Legal Proceedings, Intellectual Property and Taxes Escrow Amount of the Escrow Fund under the Escrow Agreement, and all General Claims shall be satisfied solely from the Primary Escrow Amount of the Escrow Fund under the Escrow Agreement.

  • The Primary Escrow Amount, together with all products and proceeds thereof (including all interest, gains and other income earned with respect thereto), shall be known collectively as the “Primary Escrow Funds.” Escrow Agent shall not disburse or release the Primary Escrow Funds except in accordance with the express terms and conditions of this Agreement.

  • Buyer will pay 50% of such fees and expenses and Representative (on behalf of the Sellers) shall pay the other 50% of such fees and expenses; provided that after disbursement of the entire Primary Escrow Amount, Representative (on behalf of the Sellers) shall pay 100% of such fees and expenses.

  • The Primary Escrow Amount and the Customer Escrow Amount will be released to Acquiror or the Effective Time Holders, as applicable, pursuant to the terms of the Escrow Agreement.

  • He submits that the alleged factual errors resulted in a miscarriage of justice because the Trial Chamber would not have rejected his alibi defence had it assessed the alibi evidence more fairly.15160.

  • The Effective Time Holders shall, based on their Pro Rata Share, be responsible for the payment of all fees and expenses reasonably incurred by the Representative in performing his duties under this Agreement and the Representative shall have the right to have any such fees and expenses reimbursed from the Primary Escrow Amount prior to any distribution to the Acquiror Indemnified Parties of any amounts in the Primary Escrow Fund.


More Definitions of Primary Escrow Amount

Primary Escrow Amount means nineteen and three-quarters percent (19.75%) of the Primary Consideration.
Sample 1

Related to Primary Escrow Amount

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Escrow Fund has the meaning ascribed to it in Section 7.2(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Indemnification Escrow Amount has the meaning specified in Section 3.6(a).

  • Adjustment Escrow Amount means $1,000,000.

  • Escrow Cash is defined in Section 4.1(a).

  • Working Capital Escrow Amount means $2,000,000.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Expense Fund has the meaning set forth in Section 9.14(f).

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.