Deferred Consideration. The "Deferred Consideration" payable to Shareholders shall be subject to reduction as provided in Section 9.3 of this Agreement. If NBC incurs any Damages as described in Section 9.1, NBC shall have the right to set-off any such amounts against the Deferred Consideration as described in Section 9.3 in addition to any other remedies to which it may be entitled. As of the Closing, the Deferred Consideration shall be deposited into an interest bearing trust account with U.S. Bank, N.A., Lincoln, Nebraska, subject to the terms and conditions of the Escrow Agreement attached hereto as Exhibit A.
Appears in 2 contracts
Samples: Agreement for Purchase and Sale of Stock (NBC Acquisition Corp), Agreement for Purchase (Nebraska Book Co)
Deferred Consideration. The "Deferred Consideration" payable to Shareholders shall be subject to reduction as provided in Section 9.3 of this Agreement. If NBC incurs any Damages as described in Section 9.1, NBC shall have the right to set-off any such amounts against the Deferred Consideration as described in Section 9.3 in addition to any other remedies to which it may be entitled. As of the Closing, the Deferred Consideration shall be deposited into an interest bearing trust account with U.S. First Bank, N.A., Lincoln, Nebraska, subject to the terms and conditions of the Escrow Agreement attached hereto to the Agreement as Exhibit A.
Appears in 2 contracts
Samples: Agreement for Purchase And (Nebraska Book Co), Agreement for Purchase And (NBC Acquisition Corp)
