Second Escrow Amount definition

Second Escrow Amount shall have the meaning set forth in Section 2.10(a). “Second Escrow Claim Notice” shall have the meaning set forth in Section 2.10(a). “Second Escrow Dispute Notice” shall have the meaning set forth in Section 2.10(a). “Seller” or “Sellers” shall have the meaning set forth in the Preamble.
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Second Escrow Amount has the meaning set forth in Section 4.2(e).
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Second Escrow Amount shall have the meaning specified in Section 2.1.
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Examples of Second Escrow Amount in a sentence

  • The Escrow Amount and the Second Escrow Amount will be disbursed from the Escrow Account or the Second Escrow Account by the Escrow Agent in accordance with the terms of Section 11.6 of this Agreement, the Escrow Agreement and the Second Escrow Agreement.

  • Any extraordinary fees and expenses, including without limitation any fees or expenses incurred by the Escrow Agent in connection with a dispute over the distribution of the First Escrow Amount, Second Escrow Amount, Third Escrow Amount or Fourth Escrow Amount or the validity of a Claim or Claims by any Purchaser Indemnified Party, will be paid 50% by Purchaser and 50% by Seller.

  • In general, employability is the possession of the necessary skills and attributes to be employed, to get ahead, and to persist in it [3, 8] (Weligamage, 2006).

  • Wits Basin shall procure that HKCo completes the acquisition of each Target Entity in accordance with the relevant Target Entities Equity Transfer Agreement as amended under clause 2.1.4 (save that this shall not require HKCo to pay, or London Mining to authorise the payment of, the Second Escrow Amount until all the conditions to the Target Entities Equity Transfer Agreement are satisfied) and the Company makes the Outstanding Consulting Payment to Lu Benzhao.

  • The Second Escrow Amount shall be deposited with the Escrow Agent only in the event the First Earn-Out Payment (in whole or in part) is payable (and out of the First Earn-Out Payment), in accordance with the terms and conditions of the Earn-Out Payments set forth in Exhibit G.

  • At Closing, the Second Escrow Amount shall be deposited in escrow pursuant to Section 3.1(c), which escrow deposit, together with the interest earned thereon as provided therein, is referred to herein as the “Second Escrow Fund.” The Second Escrow Fund shall be held as security for the purposes set forth in the Second Escrow Agreement and shall be disbursed in the manner set forth in the Second Escrow Agreement.

  • The aggregate liability of the Seller for all Losses under Section 11.2(a) shall not exceed the Escrow Amount, as specified in Section 11.6. The aggregate liability of the Seller for all Losses under Section 11.2(b) shall not exceed the Second Escrow Amount and (if and to the extent permitted by the Escrow Agreement) the Escrow Amount, as specified in Section 11.6.

  • All remaining amounts of Escrowed Shares from the Second Escrow Amount shall be allocated to Sellers A, Sellers B and the Employee Bonus Transaction Personnel who are employed by the Company or a Subsidiary on the Returned Amount Determination Date, all as set forth on Schedule 2.5(a), which includes an illustration of such reduction allocation and distribution, and subject to the other terms and procedures of this Agreement and the Second Escrow Agreement.

  • The Company will make further announcement via the SGXNET on the status and payment of the Second Escrow Amount described in this paragraph.

  • While the Amended Asset Sales Deed provided that the payment of the Second Escrow Amount would be made in accordance with the terms of the Amended Asset Sales Deed which provided certain defined circumstances under which MPAL was entitled to reimbursement of the deposit, the Deed of Variation re-classified the First Escrow Amount as non-refundable.


More Definitions of Second Escrow Amount

Second Escrow Amount means such part of the Escrow Amount to be released to the Sellers in an amount agreed by the parties in writing on satisfaction of all the outstanding conditions precedent to the Target Entity Equity Transfer Agreements.
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Second Escrow Amount means US$1,680,000.
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Second Escrow Amount means the amount of £4,000,000;”
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Second Escrow Amount means an amount of cash equal to ten percent (10%) of the Total Combined Closing Payments.
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Second Escrow Amount has the meaning specified on Schedule 1.1.
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Second Escrow Amount means $23,500,000.
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Related to Second Escrow Amount

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

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

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

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

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

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

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

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

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

  • 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.

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

  • 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 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.

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

  • 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.

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

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

  • 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”.

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

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • 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.