Tax Escrow Amount definition

Tax Escrow Amount means an amount equal to USD $25,000,000.

Tax Escrow Amount has the meaning ascribed thereto in Schedule 6 (PRC Tax reporting);

Tax Escrow Amount means an amount equal to $1,635,000 to be deposited with the Escrow Agent on the Closing Date pursuant to the Escrow Agreement as security for Sellers’ obligations pursuant to Section 6.13(j).

Examples of Tax Escrow Amount in a sentence

• Notwithstanding anything to the contrary contained herein, if the Specified Tax Liability Condition has been satisfied in full on or prior to the Closing Date, (i) the Tax Escrow Amount shall not be withheld from the Closing Date Merger Consideration and instead shall be paid to the Equityholders in accordance with this Agreement and (ii) the parties hereto shall promptly amend the form of Escrow Agreement attached hereto to reflect the deletion of the Tax Escrow Account.

• Simultaneously with the Closing, if the Specified Tax Liability Condition has not been satisfied, the Tax Escrow Amount shall be withheld from the Closing Date Merger Consideration otherwise payable in respect of the Common Shares, Warrants and StockAppreciation Rights and deposited by Parent into a separate account (the " Tax Escrow Account") with the Escrow Agent, pursuant to the Escrow Agreement.

• Buyer shall pay the Indemnity Escrow Amount, the Tax Escrow Amount and the Adjustment Escrow Amount to the Escrow Agent in accordance with the Funds Flow Memorandum.

• The amount so withheld from each Equityholder shall be equal to (i) the Tax Escrow Amount multiplied by (ii) such Equityholder's Applicable Percentage as set forth on Final Schedule I.

• At the Effective Time, Parent shall pay and (i) deliver to the Escrow Agent the Purchase Price Adjustment Escrow Amount in accordance with Section 2.10, (ii) deliver to the Escrow Agent the Tax Escrow Amount in accordance with Section 2.16, and (iii) deposit into the Equityholder Representative Expense Fund Account the Equityholder Representative Expenses Fund Amount in accordance with Section 2.11.

More Definitions of Tax Escrow Amount

Tax Escrow Amount shall have the meaning ascribed to such term in Section 2.1(c).

Tax Escrow Amount means the amount set forth on Schedule III hereto corresponding to the line entitled "Tax Escrow Amount", which, together with the NLC Amount, represents the Company's good faith estimate of the amount required to be reserved for the payment of tax liabilities of the Company associated with Federal and state income taxes payable with respect to the year ended December 31, 1999.

Tax Escrow Amount means an amount equal to Eight Million One Hundred Forty-Five Thousand Dollars ($8,145,000), less the amount, if any, by which Funded State and Local Tax Liability Amount exceeds Five Million One Hundred Six Thousand Dollars ($5,106,000).

Tax Escrow Amount means an amount in cash equal to $[***].

Tax Escrow Amount means £1,040,800 in cash which is to be paid by the Buyer into the Escrow Account on Completion in part satisfaction of the Consideration and the consideration due under the OH Agreement and the SGS Agreement;

Tax Escrow Amount means $2,000,000.

Tax Escrow Amount shall have the meaning set forth in Section 2.9.