Examples of Adjustment Escrow Cash in a sentence
The Adjustment Escrow Cash shall be held and distributed in accordance with the provisions of Section 1.4 and the Escrow Agreement.
At the Closing, Parent shall deposit, or cause to be deposited, (i) the Adjustment Escrow Cash and the Adjustment Escrow Shares and (ii) the Indemnification Escrow Cash and the Indemnification Escrow Shares, into two separate escrow accounts to be held by the Escrow Agent in accordance with the terms of this Agreement and the Escrow Agreement.
At the Closing, Acquirer shall deposit the Escrow Cash and the Adjustment Escrow Cash with an escrow agent mutually selected by Acquirer and Parent (the “Escrow Agent”).
In the event of a claim by Buyer for indemnity as a result of the Closing Net Working Capital Deficit exceeding the 8/20/97 Net Working Capital Deficit by an amount greater than $100,000 is made by written notice to Escrow Agent and Seller, Buyer shall initially proceed to recover such deficiencies from the Purchase Price Adjustment Escrow Cash.
At the Closing Date, Buyer shall deposit the Escrow Cash and the Purchase Price Adjustment Escrow Cash into escrow (the "Escrow Fund") pursuant to the terms of the Escrow Agreement in substantially the form attached hereto as Exhibit H (the "Escrow Agreement").
The indemnification obligations under this Article V with respect to any Purchase Price Adjustment shall terminate upon (i) release of Purchase Price Adjustment Cash, if applicable, in satisfaction of a Purchase Price Adjustment in favor of Buyer, if any, or (ii) Escrow Agent's receipt of the Purchase Price Adjustment Escrow Cash Release Notice from Buyer.
The Adjustment Escrow Cash shall become issuable or payable, as applicable, to the Company Indemnitors, if at all, in accordance with each Company Indemnitor’s respective Pro Rata Share, subject to the terms and conditions of this Agreement (including Section 2.9).
The Buyer and the Paying Agent shall have executed and delivered the Paying Agent Agreement, and at the Closing the Buyer and Parent shall deliver the Closing Cash Merger Consideration, less the Expense Fund and the Adjustment Escrow Cash, to the Paying Agent.
Not more than seven (7) Business Days nor less than five (5) Business Days prior to the Closing Date, the Purchaser shall deliver to the Company a statement (the “Allocation Statement”) setting forth its determination of each of the Cash Percentage, the Stock Percentage, the Adjustment Escrow Cash Amount, the Indemnity Escrow Cash Amount, the Tax Indemnity Escrow Cash Amount, the Adjustment Escrow Funding Ratio, the Indemnity Escrow Funding Ratio and the Tax Indemnity Escrow Funding Ratio.