Examples of Additional Escrow Account in a sentence
To the extent that the Initial Business Combination Deadline is extended, the Sponsor will commit additional funds to the Company through the Additional Sponsor Subscriptions, the proceeds of which are to be held in the Escrow Account as Additional Escrow Account Overfunding.
All amounts contributed to the Escrow Account in connection with the Escrow Account Overfunding and the Additional Escrow Account Overfunding (if any) will be held for the benefit of the Company and the Ordinary Shareholders as further described below.
For each Payment made by the Agent Bank, on behalf of IGA, out of the Escrow Account and/or Additional Escrow Account in accordance with the terms of the Agency Agreement, the Borrower shall cause IGA, at such time as the Administrator shall reasonably request, to furnish to the Administrator such documents and other evidence showing that such Payment was made exclusively on account of a Loss.
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Recovery against the Additional Escrow Account pursuant to this Section 6.2(h) shall constitute Surviving Pubco’s and its Subsidiaries’ sole and exclusive remedy against the Company Equity Holders for any and all Liabilities relating to or arising from the Additional Escrow Matters (except for Fraud Claims).
At the Closing, Parent shall deposit, or cause to be deposited, by wire transfer of immediately available funds an amount equal to the Adjustment Escrow Amount and the Additional Escrow Amount, in each case to be held in the Adjustment Escrow Account and Additional Escrow Account, as applicable, in accordance with the terms of the Escrow Agreement.
The Initial Business Combination Deadline may be extended twice by three months at the Board’s discretion in order to complete a Business Combination (each such three months period, an “Extension Period”), subject to the Additional Escrow Account Overfunding referred to below.
If any terminated Specified Employee is re-hired by Parent or its Affiliates at any time during the 180 day period following the date of such termination, Parent shall provide prompt written notice to the Securityholders’ Representative and such Specified Employee Payment with respect to such employee shall be promptly (but in all cases prior to the one year anniversary of the Closing) returned by Parent to the Additional Escrow Account.
Annual coordination of wage growth across sectors makes it complicated to redress structural disparities.
Task 4.1. Hydraulic Model Development XXX will develop the base 2D model assuming existing conditions.