Examples of Special Escrow Amount in a sentence
Purchaser Representative and the Seller Representative shall instruct the Escrow Agent not to release such amount equal to each such claim amount from the Special Escrow Amount.
The “innovation orchards” model is an approach to closing this gap, with collaborative enterprises aimed at providing the technology, equipment, and know-how necessary for startups to scale their technologies toward production and commercialization, without having to rely on venture capital, which is now largely unavailable for non-software and biotech startups.
Following the termination of the Special Escrow Period, Parent shall direct the Escrow Agent to deliver to each of the Indemnifying Parties such person's Pro Rata Portion of the Special Escrow Amount.
If Parent receives notice that it is not eligible to accrue expenses against, and receive reimbursement for, the entire SBIR Amount the Special Escrow Period shall terminate and Parent shall be entitled to retain the entire Special Escrow Amount.
Subject to the following requirements, the Special Escrow Amount shall be in existence immediately following the Effective Time and shall terminate at 5:00 p.m., local time on the fifth (5th) business day after the date on which Parent receives notice that it is eligible to accrue expenses against, and receive reimbursement for, the entire SBIR Amount (the "Special Escrow Period").