Working Capital Escrow Funds definition

Working Capital Escrow Funds has the meaning set forth in Section 4.3.

Working Capital Escrow Funds means the Working Capital Escrow Amount, together with any interest and other income thereon.

Working Capital Escrow Funds means an amount equal to two million two hundred and fifty thousand dollars ($2,250,000), to be used solely for any purchase price adjustments owing to the Buyers pursuant to Section 1.1(b)(ii).

Examples of Working Capital Escrow Funds in a sentence

• The Parties shall each, promptly upon request from the other Party, execute and deliver to the Escrow Agent joint written instructions in order to effect releases of Working Capital Escrow Funds as provided in this Section 1.2(d) and in Section 1.2(e).

• Upon the expiration of the Working Capital Escrow Period, Buyer and Sellers’ Representative shall execute Joint Written Direction to direct the Escrow Agent to release to either Buyer or Sellers’ Representative, or a combination of both, within two (2) Business Days, all Working Capital Escrow Funds as determined pursuant to Section 2.3(c) of the Purchase Agreement.

• The fees, costs and expenses of the Escrow Agent shall be borne by the Purchaser and shall not be deducted from the Working Capital Escrow Funds.

• Any Working Capital Escrow Funds remaining after satisfaction of any downward adjustment of the Purchase Price pursuant to this Section 1.2(e) shall be released to the Seller concurrently with the release of Working Capital Escrow Funds to the Purchaser, by wire transfer of immediately available funds by the Escrow Agent to the account specified by the Seller to the Escrow Agent.

• If the Final Merger Consideration is equal to the Estimated Merger Consideration, then the Seller Representative and Parent shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release to the Payment Agent for distribution to the Sellers in accordance with S ection 2.11, all Working Capital Escrow Funds, by wire transfer of immediately available funds within three (3) Business Days after the date on which the Final Merger Consideration is finally determined.

More Definitions of Working Capital Escrow Funds

Working Capital Escrow Funds has the meaning set forth in §2(a)(ii).

Working Capital Escrow Funds means the Working Capital Escrow Amount deposited with the Escrow Agent in accordance with the Escrow Agreement, together with any interest, income or profits thereon. Other terms defined in the text of the Agreement are as follows: Definition Section Reference Accounting Referee 2.4(b) Acquisition Transaction 7.5(a) Agreement Introductory paragraph Anti-Bribery Laws 3.8

Working Capital Escrow Funds means the Working Capital Escrow Amount, and all interest accrued thereon from the Closing Date pursuant to the Escrow Agreement.

Working Capital Escrow Funds. The Escrow Agreement shall set forth the terms upon which disbursements shall be made by the Escrow Agent and shall provide for the release by the Escrow Agent to the Member Representative for further distribution to the Members in accordance with Section 11.13(g) of [***] the Indemnity Escrow Funds, on the date that is eighteen (18) months after the Closing Date, in each case less the amount of any claims paid from the Indemnity Escrow Funds prior to such date and the amount necessary to cover any pending Claimed Amounts.

Working Capital Escrow Funds has the meaning set forth in Section 1.2(d).

Working Capital Escrow Funds means $250,000.

Working Capital Escrow Funds means the Working Capital Escrow Amount, plus any interest or other investment proceeds thereon.