Stock Escrow Account definition

Stock Escrow Account means the escrow account provided for in the Stock Escrow Agreement.
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Stock Escrow Account means the account established by the Escrow Agent for purposes of holding a portion of the Stock Consideration (excluding the Indemnity Escrow Shares) pursuant to the terms of the Stock Escrow Agreement.
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Stock Escrow Account has the meaning set forth in Section 2(g)(i) above.
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Examples of Stock Escrow Account in a sentence

  • At the Closing, Parent shall deposit or cause to be delivered to Holdings all of the Common Stock Merger Consideration and all of the Series A Merger Consideration with the exception of the Series A Escrow Shares, which Parent shall cause to be deposited into the Stock Escrow Account in accordance with the terms of the Stock Escrow Agreement.

  • The Conversion to Chapter 7 analysis assumes the release of restricted Hercules Common Stock from the Hercules Common Stock Escrow Account pursuant to joint written instructions signed by Hercules and Seahawk in accordance with the terms of the Hercules Common Stock Escrow Agreement.

  • Any and all cash earnings and cash dividends on the Stock Consideration held in escrow shall be for the benefit of Parent and any voting rights and other similar rights with respect to the Stock Consideration held in escrow shall be exercisable by Holder, in each case, until such Stock Consideration is released from the Stock Escrow Account or the Indemnity Escrow Account, as applicable.

  • The Expedia Common Stock Escrow Account will serve as a source of shares of Expedia Common Stock deliverable by Expedia upon (i) the exercise of New IAC Integrated Warrants, and (ii) the conversion of the Ask Jeeves, Inc.

  • The Stock Escrow Account and the Cash Escrow Account shall each be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party hereto.

  • The Shareholders may at any time request the Escrow Agent to sell a portion or all of the Escrow Shares, as long as that portion of the proceeds from the sale of such Escrow Shares are deposited by the Escrow Agent into the Stock Escrow Account within two business days of such sale in the amount necessary to maintain the balance of the Stock Escrow Account at $500,000.

  • At Closing the parties shall execute an escrow agreement with an escrow agent selected by the Seller and reasonably satisfactory to the Purchaser ("Escrow Agent") to establish the Rolling Stock Escrow Account, as defined in this Section.

  • Within two days after the Cash Escrow Expiration Date, the Escrow Agent shall distribute to the Shareholders as set forth on Exhibit A hereto all of the remaining Escrow Cash and, within ten days after the Stock Escrow Expiration Date, the Escrow Agent shall distribute to the Shareholders as set forth on Exhibit A hereto all remaining Escrow Shares, if any, then being held by the Escrow Agent together with any cash then held in the Stock Escrow Account.

  • Not later than five (5) days following the Effective Date, subject to the conditions set forth herein, Dynegy shall deliver into the Common Stock Escrow Account 17,578,781 shares of Dynegy Class A Common Stock or such number of other securities as may be exchanged for or converted from those shares of Dynegy Class A Common Stock between the date of this Stipulation and the date on which Dynegy deposits such shares.

  • The proceeds from the sale of the Series C Convertible Preferred Stock shall be applied by New Edwards to purchase shares of Class B Common Stock from the Stock Escrow Account at a purchase price of $93.75 per share until a total of 480,000 shares of Class B Common Stock have been purchased.


More Definitions of Stock Escrow Account

Stock Escrow Account. (the "Escrow Account"). The Escrow Account shall be administered and distributed in accordance with the terms set forth below. Contemporaneously with the closing of the Offering, the Company shall deposit with the Escrow Agent those assets listed on Exhibit A.
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Stock Escrow Account means the account maintained by the Escrow Agent in which the number of shares of Series B Preferred Stock and Class B Common Stock that are to be distributed to Class 6 Interest holders, subject to the Equity Reduction, are to be deposited.
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Related to Stock Escrow Account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Escrow Accounts means a SEK bank account and/or EUR bank account and/or a NOK bank account opened by the Arranger with a reputable bank on which the proceeds from the Bond Issue will be held until the Conditions Precedent for Disbursement have been fulfilled.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

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

  • Indemnity Escrow Amount means $3,000,000.

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

  • 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.

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

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

  • 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.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

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

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

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

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C of the Plan.

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

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.