Deposited Amount definition
Examples of Deposited Amount in a sentence
The Deposited Amount constitutes a portion of the purchase price received by Seller from Buyer under the Purchase Agreement.
The securities constituting the Deposited Amount are listed and described on Schedule 1 hereto.
Simultaneously with the execution and delivery of this Agreement by the parties hereto, the Company is depositing with the Escrow Agent the sum of $250,000 by wire transfer of immediately available funds (the "Deposited Amount").
With the execution of this Agreement, Buyer is depositing with Escrow Agent cash in the amount of $3,100,000 (the "Deposited Amount" and as increased by any earnings thereon ("Escrow Earnings") and as reduced by any disbursements or amounts withdrawn under Section 6 hereof, the "Escrow Fund").
The Purchaser and the Parent will direct the Accounting Firm to render a determination solely as to whether the Deposited Amount is a reasonable estimate of the Loss within fifteen (15) days of its retention and the Purchaser, the Company, the Parent and their respective agents will cooperate with the Accounting Firm during its engagement.