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 escrow agent shall hold and release the Earnout Escrow Amount in accordance with the terms of the Earnout Escrow Agreement.
Notwithstanding anything to the contrary contained herein, no claims shall be made against the Earnout Escrow Amount other than for Seller’s payment of its obligations under this Section 9.12.
Such Earnout Escrow Amount will be released together with other remaining amounts in the Escrow Account promptly following the Escrow Termination Date, subject to Section 5.3(g) and the terms and conditions of the Escrow Agreement.
The Escrow Amount, less the GSI Earnout Escrow Amount, shall be released to the Sellers on the second Business Day following the date that is the twelfth (12) month anniversary of the Closing Date (the “Initial Escrow Release Date”), subject to the retention in escrow of the amount of any potential Losses determined by the Buyer in good faith for any pending unresolved claims of the Buyer that have been made in accordance with the terms of this Agreement.