Restricted Escrow definition
Examples of Restricted Escrow in a sentence
NUMBER(10,2) Restricted Escrow Bal Amount of funds held in the Restricted Escrow account.
The reserves for Taxes reflected on the Financial Statements and the amount of the Escrow Deposit (as defined in the Restricted Escrow Agreement, are and will be sufficient for the payment of all unpaid Taxes payable by the Company.
The Escrow Agent agrees to hold the Restricted Escrow Shares in an escrow account (the “Restricted Escrow Account”), subject to the terms and conditions of this Agreement and of the Restricted Stock Agreements.
At the Closing, the Buyer shall deliver to the Selling Stockholders the Purchase Price, less the Escrow Deposit, as set forth in Section 1.01(b)(ii), and shall deliver the Escrow Deposit to the escrow agent as provided in the Restricted Escrow Agreement.
Origination Date Corporate Advance Balance Interest Calculation Option Original Interest Rate Deferred Interest Balance Daily Simple Interest Calculation Type Maturity Date Amount Daily Simple Interest Paid to Date Original LTV Restricted Escrow Balance Daily Simple Interest Index First Payment Due Date Daily Simple Interest Pay Option Late Charge Factor Ill.
Instead, the number of shares that each Stockholder shall receive shall be rounded up or down to the nearest whole number (provided that the Stockholders’ Representative shall have the authority to effect such rounding in such a manner that the total number of whole Restricted Escrow Shares to be distributed equals the number of Restricted Escrow Shares then being distributed).
Neither the execution, delivery nor performance of this Agreement by any Company Party requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with any Authority, except for filings with the SEC post-closing to describe the transactions contemplated by this Agreement and as may related to the matters contemplated by the Restricted Escrow Agreement.
The nominee, if any, appointed by the Stockholders’ Representative, shall deliver to the Escrow Agent stock powers executed in blank for use, if necessary, with respect to the Indemnification Escrow Shares and the Restricted Escrow Shares referred to below.
HMC and Subsidiary shall file a registration statement on Form S-3 with the Securities and Exchange Commission no later than July 15, 1997 covering the Restricted Escrow Shares and Contingent Escrowed Shares.
The Escrow Agent shall have no responsibility for the shares when the Restricted Escrow Shares are no longer in the Escrow Agent’s possession.