Examples of Escrow Merger Consideration in a sentence
At the Closing, the Merger Consideration other than the Escrow Merger Consideration (the “Closing Merger Consideration”) shall be allocated and distributed to the holders of each Series of Preferred Stock of Crossflo.
The Tax Escrow Merger Consideration shall be withheld from the Upfront Common Consideration to be received by the Common Shareholders on a pro rata basis based upon the amount of Upfront Common Consideration to be received by each such holder as a percentage of the total Upfront Common Consideration to be received by all such Common Shareholders.
Any party hereto may at any time during normal business hours (with reasonable notice) inspect any records or reports relating to the Specific Performance Escrow Merger Consideration.
Upon the surrender of each Certificate and the payment by the Disbursement Agent of the Cash Merger Consideration, in exchange therefor, less the Xxx Xxxxxx Escrow Merger Consideration (if applicable), such Certificate shall forthwith be canceled.
The General Escrow Merger Consideration and the Tax Escrow Merger Consideration shall be held by the Escrow Agent under the General Escrow Agreement and the Tax Escrow Agreement, respectively, pursuant to the terms thereof.
For purposes of clarity, the amount of Merger Consideration actually received by a Crossflo Principal Officer for purposes of calculating the Indemnity Limit shall be reduced by any Damages paid by such Crossflo Principal Officer out of the Escrow Merger Consideration as a result of such Crossflo Principal Officer being a Crossflo Stockholder.
The Escrow Merger Consideration shall be held and disposed of in accordance with the terms of the Escrow Agreements.
The Escrow Merger Consideration shall be deposited into escrow pursuant to Section 1.11 and each Escrow Agreement shall provide for the establishment of sub escrow accounts for each Company Shareholder participating in such Escrow Agreement, which sub escrow account shall be based upon the pro rata percentage of each participant's initial interest in the applicable Escrow Merger Consideration (the "SUB ESCROW ACCOUNTS").
All distributions of the Escrow Merger Consideration to the Buyer under this Section 6.3(c) and Section 6.3(d) shall consist of pro rata portions of each Sub Escrow Account in the applicable Escrow Agreement on deposit with the Escrow Agent based on the ratio that the number of Escrow Shares initially deposited in such Sub Escrow Account bore to the number of Escrow Shares initially deposited in all Sub Escrow Accounts under the applicable Escrow Agreement.
Upon the surrender and exchange of a Certificate, the holder shall receive the Cash Merger Consideration into which the Shares represented by such Certificate were converted, less the Xxx Xxxxxx Escrow Merger Consideration (if applicable), and shall retain a proportionate interest in the Damages Escrow Merger Consideration, and the Xxx Xxxxxx Escrow Merger Consideration (if applicable).