Earnout Escrow Amount definition

Earnout Escrow Amount means $5,000,000 to be funded by the Buyer pursuant to the Earnout Escrow Agreement.

Earnout Escrow Amount means the Adjusted Maximum Earnout Amount.

Earnout Escrow Amount shall have the meaning set forth in Section 9.7 of this Agreement.

Examples of Earnout Escrow Amount in a sentence

• The parties shall promptly execute and deliver joint instructions to the Escrow Agent to release all or a portion of the Earnout Escrow Amount for payment pursuant to the Trigon Agreement to the extent that such amount has been earned pursuant to such Trigon Agreement.

• The Buyer shall have funded the Earnout Escrow Amount and the Buyer and the Earnout Escrow Agent shall have executed and delivered the Earnout Escrow Agreement to the Representative.

• Acquiror shall deposit with U.S. Bank, National Association (or other institution selected by Acquiror with the reasonable consent of Target) as escrow agent (the “Escrow Agent”), the Initial Escrow Amount, at the Closing, and the Earnout Escrow Amount, on the Earnout Payment Date (collectively, the “Escrow Fund”).

• The Earnout Escrow Amount will be deposited in the Escrow Account for the sole purpose of serving as a limited source to pay earnout obligations of the PEP Companies under the Trigon Agreement with respect to the periods ending (a) December 31, 2015, (b) April 30, 2016,(c) April 30, 2017 and/or (d) April 30, 2018.

• If the Earnout Payment is due to Seller, Purchaser and Seller shall by joint written instruction promptly direct the Escrow Agent to pay to Seller the Earnout Payment from the Earnout Escrow Amount in cash by wire transfer of immediately available funds to a bank account(s) designated by Seller in writing.

More Definitions of Earnout Escrow Amount

Earnout Escrow Amount. “Earnout Escrow Amount” shall have the meaning set forth in Section 9.7 of this Agreement.

Earnout Escrow Amount has the meaning set forth in Section 2.9(a)(iii).

Earnout Escrow Amount means: (i) $0 if, as of the Earnout Payment Date, there are no outstanding and unsatisfied General Indemnity Claims and no outstanding and unsatisfied IP Indemnity Claims; (ii) the Additional Escrow Amount if, as of the Earnout Payment Date, there are any outstanding and unsatisfied General Indemnity Claims but no outstanding and unsatisfied IP Indemnity Claims; or (iii) if, as of the Earnout Payment Date, there are any outstanding and unsatisfied IP Indemnity Claims and any outstanding and unsatisfied General Indemnity Claims, an amount equal to (A) the Additional Escrow Amount plus (B) the lesser of (x) 100% of the Earnout Amount or (y) the Maximum IP Indemnity Amount; or (iv) if, as of the Earnout Payment Date, there are outstanding and unsatisfied IP Indemnity Claims but no outstanding and unsatisfied General Indemnity Claims, an amount equal to the lesser of (A) 100% of the Earnout Amount or (B) the Maximum IP Indemnity Amount less the portion of the Initial Escrow Deposit remaining in the Escrow Fund as of the Earnout Payment Date.

Earnout Escrow Amount as defined in the Closing Date Acquisition Agreement.

Earnout Escrow Amount means Five Million Dollars ($5,000,000).

Earnout Escrow Amount means Five Million Dollars ($5,000,000). “End Date” has the meaning set forth in Section 10.1(a). or from any

Earnout Escrow Amount means fifty percent (50%) of the Merger Shares (as defined below).