Escrow Allocation definition

Escrow Allocation means the following allocation of the Escrow Amount among the Privateer Stockholders (a) with respect to each Privateer Stockholder, a number of shares of Tilray Class 2 Common Stock equal to the product of (i) such Privateer Stockholder’s Pro Rata Portion, multiplied by (ii) the first one-half of the Escrow Amount (the “Stockholder Escrow Shares”) and (b) with respect to a Founder, a number of shares of Tilray Class 2 Common Stock equal to the product of (i) the applicable Founder Pro Rata Portion, multiplied by (ii) the remaining one-half of the Escrow Amount (the “Founder Escrow Shares”).
Sample 1
Escrow Allocation means with respect to each of the U.S. Partnerships, and each of the Management Holders, the percentage of the Base Purchase Price to be received at Closing (subject to adjustments pursuant to Section 2.7(a)) pursuant to Section 2.2(b)(i)-(iii) by each of the foregoing Parties prior to giving effect to any reduction of such payments in respect of the Escrow Allocation Amount, which percentages shall sum to 100%.
Sample 1
Escrow Allocation means the following allocation of the Escrow Amount among the Privateer Stockholders (a) with respect to each Privateer Stockholder, a number of shares of Tilray Class 2 Common Stock equal to the product of (i) such Privateer Stockholder’s Pro Rata Portion, multiplied by (ii)
Sample 1

Examples of Escrow Allocation in a sentence

  • Reliant Settlement The California Litigation Escrow Allocation Agreement with Respect to Reliant Settlement (the “Reliant Allocation Agreement”) entered into by PG&E, the CPUC and certain other parties allocates approximately $40 million of the total amount to be distributed to PG&E pursuant to the Reliant settlement and allocation agreement to civil gas manipulation claims for the benefit of PG&E’s gas customers.

  • The Parent shall cause the Company Bonus Amounts minus the cash amount with respect to each Company Bonus Amount withheld and contributed to the Escrow Fund pursuant the Escrow Allocation Schedule to be paid by the Surviving Corporation through its payroll processor to Company Bonus Recipients as soon as practicable after the Effective Time.

  • Any distribution of all or a portion of the Parent Shares to the Stockholders shall be made by delivery to the Parent of the stock certificate(s) held by the Escrow Agent representing the Parent Shares, endorsed for transfer, with instruction to the Parent to transfer and issue the aggregate number of Parent Shares being distributed allocated among the Stockholders based upon the Stockholders’ Escrow Allocation Percentage.

  • Enron Settlement The California Litigation Escrow Allocation Agreement with Respect to the Enron Settlement (the “Enron Allocation Agreement”) entered into by PG&E, the CPUC and certain other parties allocates 14 percent of PG&E’s total Aggregated Allowed Claim to civil gas manipulation.

  • Student Name (Signature) (Printed Name) Date Detach and return this page to the Department This signature page will be retained in your permanent student file.

  • The Company will amend the Escrow Allocation Schedule as of the Effective Time to reflect any actual adjustments to the Adjusted Purchase Price as required by, and in accordance with, this Agreement, it being understood that the maximum value of the shares of Parent Restricted Stock to be withheld and contributed to the Escrow Fund shall be no greater than 18.5% of the combined value of the cash and Parent Restricted Stock withheld and contributed by the Major Common Holders to the Escrow Fund.

  • The parties hereto acknowledge and agree that the Company will amend the Escrow Allocation Schedule as of the Effective Time to (i) reflect any actual adjustments and allocation of the Merger Consideration required bySection 3.5(a)(ii) or necessary in connection with the exercise of any options or warrants; and (ii) instruct the Escrow Agent as to the portion of the Payment Fund payable as of the Effective Time to each of the Securityholders.

  • Except as otherwise directed by the Stockholders’ Representative, not later than ten (10) calendar days after the end of each calendar quarter during the term of this Agreement until such time as the Escrow Property is fully depleted, all accrued and unpaid Escrow Property Interest shall be released by the Escrow Agent to the Stockholders based on each Stockholder’s Escrow Allocation Percentage as set forth on Schedule 2 attached hereto.


More Definitions of Escrow Allocation

Escrow Allocation means with respect to any Stockholder an amount equal to the product of (1) the quotient obtained by dividing (A) the Series D Shares (on an as-converted-to-Company Common Stock basis) and shares of Company Common Stock held by such Stockholder immediately prior to the Effective Time, over (B) the Series D Shares (on an as-converted-to-Company Common Stock basis) and shares of Company Common Stock held by all Stockholders immediately prior to the Effective Time, multiplied by (2) the Escrow Amount.
Sample 1
Escrow Allocation means the product obtained by multiplying (i) a number equal to 20% of the Purchaser Shares issued pursuant to or in connection with the transactions contemplated by this Agreement by (ii) a fraction, (x) the numerator of which shall equal the Purchaser Shares issued to such Shareholder pursuant to Sections 2.03(b)(ii) and (iii) of this Agreement and (y) the denominator of which shall equal the total Purchaser Shares issued to all Shareholder pursuant to Sections 2.03(b)(ii) and (iii) of this Agreement.
Sample 1
Escrow Allocation means an account awarded
Sample 1

Related to Escrow Allocation

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Adjustment Escrow Amount means $2,000,000.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Final Allocation has the meaning set forth in Section 2.3.

  • Indemnity Escrow Amount means $5,000,000.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Required Allocations means any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), Section 6.1(d)(ii), Section 6.1(d)(iv), Section 6.1(d)(v), Section 6.1(d)(vi), Section 6.1(d)(vii) or Section 6.1(d)(ix).

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Agreed Allocation means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed Allocation” is used).

  • Allocation shall have the meaning set forth in Section 2.7.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • conditional allocation ’ means an allocation to a province or municipality from the national government’s share of revenue raised nationally, envisaged in section 214(1)(c) of the Constitution, as set out in Schedule 4, 5, 6 or 7;

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.