Closing Escrow Agreement definition

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.

Closing Escrow Agreement has the meaning set forth in Section 10.2.

Closing Escrow Agreement means the agreement between the Company, the Investors and the Escrow Agent pursuant to which securities are deposited into escrow to be held as provided in Section 6 of this Agreement. The Closing Escrow Agreement shall be in substantially the form of Exhibit B to this Agreement.

Examples of Closing Escrow Agreement in a sentence

• If Buyer does not timely deliver the Closing Statement within ninety (90) days after the Closing Date, Buyer and Seller shall, pursuant to the Closing Escrow Agreement, direct the Escrow Agent to distribute all of the Purchase Price Adjustment Escrow Funds to Seller.

• At each Closing, each Investor shall deliver or cause to be delivered to the Escrow Agent, its Investment Amount, in United States dollars and in immediately available funds, by wire transfer to the account designated in writing by the Company for such purpose in accordance with the terms of the Closing Escrow Agreement.

• Notwithstanding the foregoing, following the Closing Date the Company may file a Current Report on Form 8-K with the SEC describing the terms of the transactions contemplated by the Transaction Documents and the occurrence of the Closing and including as exhibits to such Form 8-K this Agreement (including the schedules hereto and the names and addresses of the Purchasers), the Closing Escrow Agreement, the form of Warrants, in the form required by the Exchange Act and Regulation FD promulgated thereunder.

• To the extent that the aggregate amount of Renegotiated Agreement Discounts is less than $180,000, the Escrow Agent shall release to Sellers that portion of the Large Customer Agreement Escrow that exceeds the Renegotiated Agreement Discounts on the first Business Day following the Adjustment Date (and Sellers and Purchaser shall timely deliver instructions to such effect to the Escrow Agent in accordance with the Closing Escrow Agreement).

• To the extent that Purchaser negotiates any Renegotiated Agreement Discounts on or before the Adjustment Date, the Escrow Agent shall release to the Purchaser an amount equal to the aggregate amount of Renegotiated Agreement Discounts on the first Business Day following the Adjustment Date, provided that such amount shall not exceed $180,000 (and Sellers and Purchaser shall timely deliver instructions to such effect to the Escrow Agent in accordance with the Closing Escrow Agreement).

More Definitions of Closing Escrow Agreement

Closing Escrow Agreement means the Closing Escrow Agreement, dated February 3, 2011, by and among the Company, the Lead Placement Agent and the Escrow Agent.

Closing Escrow Agreement has the meaning set forth in Section 2.3(c)(i).

Closing Escrow Agreement means the escrow agreement, in a form to be mutually agreed upon, which shall provide for the release of all escrowed funds immediately upon the receipt of the Buyer Regulatory Approvals set forth in item “2” of Schedule “B”, as contemplated by section 2.3, such agreement to be executed and delivered on Closing, among the Vendor, YC and Saskatchewan counsel to YC (the “Closing Escrow Agent”);

Closing Escrow Agreement means the escrow agreement for deposit of the Closing Documents by and among Seller, Purchaser and Escrow Agent, in the form of Exhibit C attached hereto. ---------

Closing Escrow Agreement has the meaning set forth in Section 14.1(e).

Closing Escrow Agreement shall have the meaning ascribed to such term in Section 2.1(b).

Closing Escrow Agreement means an indemnification escrow agreement substantially in the form of Exhibit 2.5 hereto.