Working Capital Escrow definition

Working Capital Escrow means the escrow account established pursuant to the Working Capital Escrow Agreement.
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Working Capital Escrow means an amount equal to Three Million Dollars ($3,000,000).
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Working Capital Escrow shall have the meaning set forth in Section 2.6(c)(iv).
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Examples of Working Capital Escrow in a sentence

  • Purchaser and the Escrow Agent having executed and delivered the Escrow Agreement and the Working Capital Escrow Agreement.

  • In the event that the Working Capital Escrow Amount is less than the absolute value of the Actual Adjustment, then the instruction described in the preceding sentence shall include a joint written instruction to the Escrow Agent instructing the Escrow Agent to deliver to Parent OP from the Escrow Units then remaining in the Escrow Account) Escrow Units equal in value (valued at the Parent Closing Price) to the difference between the absolute value of the Actual Adjustment and Working Capital Escrow Amount.

  • The Working Capital Escrow Fund shall be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party, and shall be held and disbursed solely for the purposes and in accordance with the terms set forth in this Agreement and the Escrow Agreement.

  • If the Net Working Capital, as finally determined pursuant to clause (i) above, is less than the Estimated Net Working Capital, then the Buyers shall be entitled to receive the amount of such deficiency, first from the Working Capital Escrow Funds, and second from the General Escrow Funds, all in accordance with the terms of the Escrow Agreement.

  • The Working Capital Escrow Amount and the Shares Escrow Amount are being paid out of the Closing Purchase Price and are being paid to the Escrow Agent in lieu of being paid directly to Sellers.


More Definitions of Working Capital Escrow

Working Capital Escrow means an amount in cash equal to $250,000.
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Working Capital Escrow shall have the meaning set forth in Section 1.10(iii).
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Working Capital Escrow means $3,000,000.
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Working Capital Escrow is defined in Section 2.3(b)(i)(A).
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Working Capital Escrow means that certain escrow account with the Escrow Agent established by mutual agreement of the parties to hold the Working Capital Reserve, subject to distribution in accordance with Section 1.3(c).
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Working Capital Escrow an amount equal to $825,000, which shall be withheld and placed in escrow as provided in Sections 2.4.1 and 2.4.2.
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Working Capital Escrow means an amount equal to Two Million Dollars ($2,000,000), which amount is placed in escrow by Buyer at the Closing and held by the Escrow Agent pursuant to the Post-Closing Escrow Agreement.
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