Escrow Portion definition

Escrow Portion means for each Claimant, the Base Escrow Amount multiplied by the Claimant’s Applicable Percentage.

Escrow Portion means, with respect to each share of Company Capital Stock that is converted into the right to receive the Per Share Cash Consideration pursuant to Section 2.6(c) and each share of Company Capital Stock underlying each Vested Option that is converted into the right to receive the Option Consideration pursuant to Section 2.7, an amount, if any, equal to the quotient obtained by dividing (A) the aggregate amount to be paid out of the Escrow Account, as and when payable in accordance with Article 7, by (B) the number of Fully Diluted Shares Outstanding.

Escrow Portion has the meaning specified in Section 2.7(b).

Examples of Escrow Portion in a sentence

• At each Closing, each Seller will be deemed to have received and deposited its Escrow Portion into the Indemnification Escrow Fund, without any act of the Seller.

• Deliveries of each Seller’s Escrow Portion shall be made in accordance with the provisions of the Escrow Agreement.

• At the Closing, Buyer shall deposit with the Escrow Agent the Base Escrow Amount less the Escrow Portion for any Claimant that has provided a General Release prior to the Closing, (such amount deposited with the Escrow Agent, the “Escrow Fund”).

• For the avoidance of doubt, the PPP Escrow Portion of the Escrow Fund shall (i) be available solely in relation to a Claimed Amount for any of the $145,000.00 of the principal amount of the forgivable loan identified on the Estimated Closing Statement and Final Closing Statement as the “PPP Loan” by the Commonwealth Bank & Trust that such lender determines during the Escrow Period to be not forgiven, and (ii) not be available for any Claimed Amount attributable to any other reason.

• The Pro Rata Escrow Portion of each Stockholder and In the Money Optionholder shall be as set forth on a schedule delivered by the Target to the Escrow Agent at Closing in a form previously approved by the Escrow Agent and Surviving Corporation (the “Escrow Schedule”).

More Definitions of Escrow Portion

Escrow Portion means the quotient of (a) 105,000,000 divided by (b) the Arrangement Considerationdivided by $10.00.

Escrow Portion and “Senior Escrow Account”). The Closing Price is subject to certain further adjustments (“Post-Closing Adjustments”) and additional payments to be made by CCB Brazil as reimbursement of certain tax credits (PIS/Cofins), in proportion to the interest of the Sellers of the Controlling Shares in the capital stock of the Company (“Additional Payment”);

Escrow Portion means (i) with respect to an Outstanding Share of Wireless Capital Stock (other than Series F Preferred Stock and Series G Preferred Stock), an amount equal to the Escrow Percentage of the Stock Price Per Share, (ii) with respect to an Outstanding Share of Series F Preferred Stock, an amount equal to the Escrow Percentage of the Series F Stock Price Per Share and (iii) with respect to an Outstanding Share of Series G Preferred Stock, an amount equal to the Escrow Percentage of the Series G Stock Price Per Share.

Escrow Portion means the quotient of (a) 105,000,000 divided by (b) the Arrangement Consideration divided by $10.00 (ten dollars).

Escrow Portion means the quotient of the Escrow Amount divided by the sum of all Company Preference Shares and all Company Ordinary Shares.

Escrow Portion shall have the meaning set forth in Section 3.2 hereof. "Facilities" shall have the meaning set forth in Section 5.20.

Escrow Portion. Is defined in Section 2.6(a)(ii).