Escrow Amount 2 definition

Escrow Amount 2 means the sum of £148,941to be placed into the Escrow Account 2 and released to the Seller and the Purchaser in accordance with the provisions of Clause 5.4.
Escrow Amount 2 means $4,000,000.00 (in words: US Dollar four million).
Escrow Amount 2 has the meaning given to it Section 7 of this Agreement; Expenditures means any and all reasonable and justified expenditure and/or costs and expenses, including the costs and expenses related to legal and other professional assistance, necessary to be incurred by a given Party, the Company and/or one of the Target Companies in order to remedy a given Breach, i.e. in order to restore the legal and/or factual state to the legal and/or factual state that should have existed, had there been no Breach; Fixed Assets has the meaning given to it in Section 10 of this Agreement Guarantee has the meaning given to it in Section 12 of this Agreement; Inventory Days means Total Inventories *90 days Last 3 months COGS Key Managers has the meaning given to it in Section 12 of this Agreement;

Examples of Escrow Amount 2 in a sentence

  • The Escrow Amount, as may be increased from time to time by interest accruing thereon if applicable and as reduced from time to time by any amounts paid out to the Purchaser from the Escrow Amount (the Escrow Fund), will be maintained by the Escrow Agent, whereby the Escrow Amount 1 shall be maintained until the Escrow Release Date 1 and the Escrow Amount 2 shall be maintained until the Escrow Release Date 2.

  • The Escrow Amount 2 shall serve as an additional security for indemnification of claims for Fundamental Seller Guarantees and for specific indemnification in accordance with Clause 12 and 13.

  • Any time there is a claim of the Purchaser covered by the Escrow Amount 2, such claim of the Purchaser shall in the first instance be debited against the Escrow Amount 2, and (only after there are no more funds available under the Escrow Amount 2) in the second instance against the Escrow Amount 1.


More Definitions of Escrow Amount 2

Escrow Amount 2 shall have the meaning set out in Article 2.6(a).
Escrow Amount 2 means US$3,740,500;

Related to Escrow Amount 2