Representative Expense Amount definition

Representative Expense Amount means an amount in cash equal to $500,000.

Representative Expense Amount means $250,000.

Representative Expense Amount means an amount in cash equal to $250,000.

Examples of Representative Expense Amount in a sentence

• The Sellers shall not receive interest or other earnings on the Representative Expense Amount, and the Sellers irrevocably transfer and assign to the Seller Representative any ownership right that they may have in any interest that may accrue on the Representative Expense Amount.

• After the Seller Representative has fulfilled all of its obligations under this Agreement and the Transaction Documents, the Seller Representative shall disburse the balance of the Representative Expense Amount to the Sellers.

• At the Closing, Xxxxx shall deliver to the Seller Representative cash in the amount of the Representative Expense Amount by wire transfer of immediately available funds to an account designated in writing by the Seller Representative.

• The Representative Expense Amount shall be used by the Seller Representative to pay, if any, the costs and expenses incurred by the Seller Representative in the performance of its obligations as the Seller Representative pursuant to this Agreement or the Transaction Documents.

• Following the Closing Date, each Company Seller shall have the right to receive in cash, without interest, payment of such Company Seller’s Distributive Portion of (i) the Representative Expense Amount (or any remaining portion thereof), if any, (ii) the Upward Adjustment Amount, if any, and (iii) the Adjustment Escrow Amount (or any remaining portion thereof), if any.

More Definitions of Representative Expense Amount

Representative Expense Amount means $500,000, as may be adjusted by the Stockholder Representative prior to the delivery of the Closing Consideration Schedule.

Representative Expense Amount has the meaning set forth in Section 11.2(b).

Representative Expense Amount means [**] Dollars ($[**]).

Representative Expense Amount means $100,000.

Representative Expense Amount has the meaning set forth in Section 2.06(h).

Representative Expense Amount means Fifty Thousand US Dollars ($50,000.00).

Representative Expense Amount is defined in Section 1.6(c).