Examples of Working Capital Escrow Agreement in a sentence
Purchaser and the Escrow Agent having executed and delivered the Escrow Agreement and the Working Capital Escrow Agreement.
This will occur via phone call or Zoom meetings, and conducted from home.
The Parties agree that they will use their respective commercially reasonable efforts to cause the Working Capital Escrow Agent and the Indemnity Escrow Agent, respectively, to return at the Closing a duly executed counterpart executed by each such Escrow Agent to the Working Capital Escrow Agreement and Indemnity Escrow Agreement, as applicable.
On the Closing Date, Ten Million Dollars ($10,000,000) of the Merger Consideration (the “ Working Capital Escrow Amount ”) shall be deposited by Buyer into the Working Capital Escrow Account and will be released along with any other property in the Working Capital Escrow Account in accordance with the Working Capital Escrow Agreement.
On or prior to the Closing, the Stockholders’ Representative, Buyer, the Company and the Working Capital Escrow Agent shall enter into the Working Capital Escrow Agreement, subject to and in accordance with the terms hereof.