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.
Purchaser hereby acknowledges and agrees that the Deposited Amount is not being purchased hereunder and that all right, title and interest to the Deposited Amount is and shall remain with Sellers.
Sellers confirm that the Deposited Amount is not included on the Bid Balance Sheet and the parties acknowledge that the Deposited Amount will not be included in the Estimated Closing Balance Sheet or the Final Closing Balance Sheet.
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").