Examples of Stockholder Representative Escrow Amount in a sentence
A portion of the Cash Amount otherwise distributable to the Consideration Recipients shall be set aside and constitute the Primary Escrow Amount, the Secondary Escrow Amount and the Stockholder Representative Escrow Amount, respectively.
Each Senior Preferred Stockholder’s Pro Rata Portion of the Escrow Amount shall be deemed contributed to the Escrow Fund with respect to each Senior Preferred Stockholder (with each Senior Preferred Stockholder’s Pro Rata Portion of (x) the Indemnification Escrow Amount being deemed contributed to the Indemnification Escrow Fund and (y) the Stockholder Representative Escrow Amount being deemed contributed to the Stockholder Representative Escrow Fund).
At the Closing, amounts equal to each Stockholder’s Pro Rata Percentage of the Stockholder Representative Escrow Amount shall be withheld from the Upfront Cash Consideration otherwise payable to such Stockholder and shall be deposited by the Parent with the Escrow Agent.
The Stockholders agree that the Stockholder Representative Escrow Amount shall be reserved in a separate escrow account for Stockholder Representative Expenses.
Promptly at the Effective Time, UK Acquiror shall deposit each of the Primary Escrow Amount and the Secondary Escrow Amount (not including any UK Tax Credit Amount) into the Escrow Fund and the Stockholder Representative Escrow Amount into the account designated in writing by the Stockholder Representative pursuant to Section 8.6(c).