WC Escrow Amount definition

WC Escrow Amount means an amount equal to Five Hundred Thousand Dollars ($500,000).
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WC Escrow Amount means $2,000,000.
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WC Escrow Amount has the meaning set forth in Section 3.1.
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Examples of WC Escrow Amount in a sentence

  • To secure a portion of the working capital obligations of the Equityholders set forth in Section 2.6 hereof, at the Closing, (a) Parent, the Stockholders’ Representative and the Escrow Agent will execute the Escrow Agreement, and (b) Parent will cause to be deposited with the Escrow Agent the WC Escrow Amount.

  • The WC Escrow Amount will be held by the Escrow Agent in accordance with the terms and conditions set forth in the Escrow Agreement.

  • If the Final Working Capital Difference Amount is a negative number and exceeds $250,000, the Closing Date Merger Consideration shall be decreased by the amount the Final Working Capital Difference Amount (express as a positive value) exceeds $250,000 not to exceed the WC Escrow Amount.

  • Premiums must be paid entirely with policyholder funds.Business ChecksIf premium is paid by a business account, complete the information located on the Payer Information section (Part II) of the Method of Payment Form.

  • The Per Share WC Escrow Amount, if any, payable pursuant to Section 2.1 above shall be paid following the release from escrow of the Working Capital Escrow Amount (or remaining portion thereof) in accordance with the terms of the Escrow Agreement.

  • At the Closing, Parent will deposit the Escrow Amount and the WC Escrow Amount with the Escrow Agent, without any act of the Company Securityholders, such deposit of the Escrow Amount and the WC Escrow Amount to constitute an escrow fund to be governed by the terms set forth in the Escrow Agreement.

  • Efforts to date have centered around characterization well 58-32 drilled to a depth of 7536 feet (2297 m), including penetration of 4340 feet (1323 m) of granitic basement (Figure 1).

  • Any fees payable by Seller pursuant to this provision shall be recouped from the WC Escrow Amount held by the Escrow Agent.


More Definitions of WC Escrow Amount

WC Escrow Amount means $10,000,000.
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WC Escrow Amount means an amount in cash equal to $300,000.
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WC Escrow Amount means an amount in cash equal to $1,000,000.
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WC Escrow Amount means an amount in cash equal to $3 million.
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Related to WC Escrow Amount

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

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

  • Escrow Cash is defined in Section 4.1(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 Fund has the meaning ascribed to it in Section 7.2(a).

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

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

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

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

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

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

  • 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.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

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

  • 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.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

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

  • 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.

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

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

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

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(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”.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(a)(i).