Escrow Share definition

Escrow Share has the meaning set forth in Section 3.2.
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Escrow Share means, with respect to each Seller, a fraction, expressed as a percentage, equal to (i) such Seller’s Closing Gross Proceeds, divided by (ii) the Closing Gross Proceeds of all Sellers.
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Escrow Share shall have the meaning set forth on Schedule 2.03.
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Examples of Escrow Share in a sentence

  • In lieu of releasing any fractional Escrow Shares, any fraction of a released Escrow Share that would otherwise be released shall be rounded to the nearest whole Escrow Share.

  • For purposes of the preceding sentence, each Escrow Share delivered by a party in payment of his or its obligations under this Article VI shall be valued at the Value.

  • Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Share held hereunder.

  • All interest-bearing and dividend-bearing accounts offered by MSUFCU share several common features: Compounding and Crediting: Dividends will be compounded and credited to your account monthly, except for the Mortgage Escrow Share Account, which is compounded and credited quarterly.

  • Dividend Period: The dividend period is monthly for all account types except the Mortgage Escrow Share Account, which is quarterly.

  • With respect to any indemnification payment, the value of each Escrow Share or any other share of Purchaser Common Stock for purposes of determining the indemnification payment shall be the Purchaser Share Price on the date that the indemnification claim is finally determined in accordance with this Article VI.

  • With respect to any indemnification payment that includes Escrow Shares, the value of each Escrow Share for purposes of determining the indemnification payment shall be the Purchaser Share Price on the date that the indemnification claim is finally determined in accordance with this ARTICLE X.

  • The dividend declaration date follows the ending of a dividend period, and for the example above is February 1 (April 1 for the Mortgage Escrow Share Account).

  • For example, the beginning date of the first dividend period of the calendar year is January 1 through January 31 (January 1 through March 31 for the Mortgage Escrow Share Account).

  • With respect to any indemnification payment that includes Escrow Shares, the value of each Escrow Share for purposes of determining the indemnification payment shall be the Purchaser Share Price on the date that the indemnification claim is finally determined in accordance with this Article VII.


More Definitions of Escrow Share

Escrow Share means the $0.00001 par value Common stock issuable by Novelos upon conversion of the Preferred Stock.
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Escrow Share shall, for each outstanding share of Company Common Stock, be the number, expressed as a decimal, obtained by dividing the Payment Per Common Share for such share of Company Common Stock by the amount of the Total Payment, and for each outstanding share of Company Preferred Stock, be the number, expressed as a decimal, obtained by dividing the Payment Per Preferred Share for such share of Company Preferred Stock by the amount of the Total Payment.
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Related to Escrow Share

  • Escrow Shares shall be deemed to include the Non-Cash Dividends distributed thereon, if any.

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Indemnity Escrow Amount means $5,000,000.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Expense Fund has the meaning set forth in Section 10.20(d).

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Escrow Period shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates:

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Adjustment Escrow Amount means $1,000,000.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).