Working Capital Escrow Fund definition

Working Capital Escrow Fund means the Working Capital Escrow Amount deposited into escrow pursuant to the Escrow Agreement.

Working Capital Escrow Fund has the meaning set forth in Section 2(e)(ii)(B).

Working Capital Escrow Fund means the fund established pursuant to Section 1.8(b) and the Escrow Agreement, including the Working Capital Escrow Amount.

Examples of Working Capital Escrow Fund in a sentence

• Upon payment to Buyer from the Working Capital Escrow Fund and, if required, Sellers as provided in the preceding sentences, Member Representative and Seller shall be fully released and discharged of any obligation to Buyer with respect to payment of the Post-Closing Adjustment.

• Each former holder of a cancelled Company Option shall be entitled to receive in exchange therefor the Option Consideration less the portions of such cash amount to be deposited in the General Escrow Fund, Working Capital Escrow Fund and the Shareholder Representative Expense Fund pursuant to Section 2.08(d).

• Within five (5) Business Days after the date on which the Final Net Purchase Price is finally determined pursuant to this Section 2.6, the Buyer and the Sellers’ Representative shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to deliver any portion of the Working Capital Escrow Fund not distributed to the Buyer pursuant to Section 2.6(c) (if any) to the Sellers’ legal counsel, in trust for the Sellers.

• Any deficit payable under this Section 2(f)(v) shall be paid to Buyer from the Working Capital Escrow Fund pursuant to the Working Capital Escrow Agreement and, if there is an insufficient amount in such fund, then the balance shall be paid out of the Escrow Fund.

• The escrow account , which is composed of the funds held in respect of the Indemnity Escrow Fund (the “Indemnity Escrow Account”) and the sub-account, which is composed of the funds held in respect of the Working Capital Escrow Fund (the “Working Capital Escrow Account” and, collectively with the Indemnity Escrow Account, the “Escrow Accounts” and, each, an “Escrow Account”).

More Definitions of Working Capital Escrow Fund

Working Capital Escrow Fund has the meaning given in Section 3(a).

Working Capital Escrow Fund means Five Hundred Thousand Dollars ($500,000.00) which amount shall be deposited with and held by the Escrow Agent together with any interest or earnings thereon pursuant to the Escrow Agreement to secure and serve as a fund in respect of any payment obligations of Sellers set forth in Section 2.4.

Working Capital Escrow Fund means $1,500,000.

Working Capital Escrow Fund means the escrow fund established to provide for distributions pursuant to Section 2.5(h) following the determination of the Final Company Working Capital.

Working Capital Escrow Fund means an amount equal to $1,000,000 to be held for the purpose of securing the obligations of the Company and the Sellers in Section 2.4.

Working Capital Escrow Fund means the Working Capital Escrow Amount deposited with the Escrow Agent on the Closing Date, together with all interest, dividends and other income earned with respect thereto, less amounts disbursed therefrom in accordance with this Agreement and the Escrow Agreement.

Working Capital Escrow Fund means the Working Capital Escrow Amount, and any interest or other amounts earned on it and less and disbursements from it in accordance with the Escrow Agreement.