Tax Escrow Amount definition

Tax Escrow Amount means an amount equal to USD $25,000,000.

Tax Escrow Amount has the meaning ascribed thereto in Schedule 6 (PRC Tax reporting);

Tax Escrow Amount shall have the meaning ascribed to such term in Section 2.1(c).

Examples of Tax Escrow Amount in a sentence

• Notwithstanding anything to the contrary contained herein, if the Specified Tax Liability Condition has been satisfied in full on or prior to the Closing Date, (i) the Tax Escrow Amount shall not be withheld from the Closing Date Merger Consideration and instead shall be paid to the Equityholders in accordance with this Agreement and (ii) the parties hereto shall promptly amend the form of Escrow Agreement attached hereto to reflect the deletion of the Tax Escrow Account.

• The amount so withheld from each Equityholder shall be equal to (i) the Tax Escrow Amount multiplied by (ii) such Equityholder's Applicable Percentage as set forth on Final Schedule I.

• Simultaneously with the Closing, if the Specified Tax Liability Condition has not been satisfied, the Tax Escrow Amount shall be withheld from the Closing Date Merger Consideration otherwise payable in respect of the Common Shares, Warrants and StockAppreciation Rights and deposited by Parent into a separate account (the " Tax Escrow Account") with the Escrow Agent, pursuant to the Escrow Agreement.

• If the amount of such and real estate taxes has not been definitively ascertained by Lessee at the time when any such monthly deposit is to be paid, Lessor shall require payment of the Tax Escrow Amount based upon the amount of real estate taxes paid for the preceding year, subject to adjustment as and when the amount of such real estate taxes are ascertained by Lessee.

• During each month commencing with the first full calendar month following the receipt of said notice from Lessor, Lessee shall deposit into the Tax Account one twelfth of the Tax Escrow Amount so that as each installment of real estate taxes becomes due and payable, there are sufficient funds in the Tax Account to pay the same.

More Definitions of Tax Escrow Amount

Tax Escrow Amount shall have the meaning set forth in Section 2.9.

Tax Escrow Amount means an amount in cash equal to $[***].

Tax Escrow Amount means the amount set forth on Schedule III hereto corresponding to the line entitled "Tax Escrow Amount", which, together with the NLC Amount, represents the Company's good faith estimate of the amount required to be reserved for the payment of tax liabilities of the Company associated with Federal and state income taxes payable with respect to the year ended December 31, 1999.

Tax Escrow Amount means an amount equal to Eight Million One Hundred Forty-Five Thousand Dollars ($8,145,000), less the amount, if any, by which Funded State and Local Tax Liability Amount exceeds Five Million One Hundred Six Thousand Dollars ($5,106,000).

Tax Escrow Amount means an amount equal to $1,635,000 to be deposited with the Escrow Agent on the Closing Date pursuant to the Escrow Agreement as security for Sellers’ obligations pursuant to Section 6.13(j).

Tax Escrow Amount means $2,000,000.

Tax Escrow Amount means $10,000,000, as such amount is adjusted in accordance with Section 6.7, which amount shall secure the Sellers’ obligations under Section 6.7.