Earnout Escrow Amount definition

Earnout Escrow Amount means the Adjusted Maximum Earnout Amount.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Earnout Escrow Amount shall have the meaning specified in Section 12.8 of the Agreement.

Examples of Earnout Escrow Amount in a sentence

• For the avoidance of doubt, the remaining Earnout Escrow Amount that have not yet been released pursuant to this Section 1.02(h) shall remain in the Earnout Escrow Account until released following the Applicable Earnout Payment Date or Retention Payment Date in accordance with this Section 1.02(h).

• The Escrow Agent hereby acknowledges receipt of the Adjustment Escrow Amount and Earnout Escrow Amount, together with all products and proceeds thereof, including all interest, dividends, gains and other income (respectively, the “Adjustment Escrow Earnings” and the “Earnout Escrow Earnings” and, collectively the “Escrow Earnings” earned with respect thereto (respectively, the “Adjustment Escrow Funds” and the “Earnout Escrow Funds” and, collectively, the “Escrow Funds”.

More Definitions of Earnout Escrow Amount

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

Earnout Escrow Amount means an amount equal to $12,300,000.

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

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

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 means $9,000,000.00.

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