Closing Escrow Amount Clause Samples

Closing Escrow Amount. The Closing Escrow Amount as required by Section 3.2(a).

Closing Escrow Amount. Buyer acknowledges and agrees that it shall be --------------------- obligated to satisfy any Damages to which it is entitled under this Article XI from the Closing Escrow Amount prior to proceeding against any other assets of the Sellers; provided, however, that with respect to any Damages as to which the Cap and the Deductibles do not apply, the Buyer shall not be obligated to first satisfy such Damages from the Closing Escrow Amount and, with respect to such Damages, in no way shall Buyer's recourse against the Sellers be limited by the existence or amount of the Closing Escrow Amount.

Closing Escrow Amount. The "Closing Escrow Amount" shall be two million and two hundred fifty thousand dollars ($2,250,000) comprised of cash in the amount of one million one hundred and twenty-five thousand dollars ($1,125,000) and 14,871 shares of SCM Common Stock (representing $1,125,000 of SCM Common Stock based on the SCM Stock Price) and representing in the aggregate 15% of the Closing Merger Consideration payable to the Company Shareholders prior to any adjustment thereof; such amount is to be deducted from the Closing Merger Consideration and placed in escrow in accordance with the provisions of Section 1.8 and Article VIII of this Agreement.

Closing Escrow Amount. At the Closing, as part of the Purchase Price (and not in addition thereto), Buyer shall deliver One Million Five Hundred Thousand Dollars ($1,500,000) (“Closing Escrow Amount”) pursuant and subject to the terms and conditions of this Agreement and the Closing Escrow Agreement (as defined in Section 14.1(e)), to be held subject to, and disbursed as provided in, this Agreement and the Closing Escrow Agreement. The Closing Escrow Amount shall be invested in an interest-bearing money market account (or such other investments as Buyer and Company may choose in their discretion), with interest earned thereon accruing to the benefit of Company.

Closing Escrow Amount. “Closing Escrow Amount” has the meaning set forth in Section 1.5(d).