Escrow Release Amount definition

Escrow Release Amount shall have the meaning set forth in Section 2.8(a).

Escrow Release Amount means the amount of cash collateral released from the Project Restricted Accounts, in aggregate, as set forth under the Escrow Release Schedule.

Escrow Release Amount has the meaning set forth in Section 2.8(b).

Examples of Escrow Release Amount in a sentence

• If the Deficit Amount exceeds the First Escrow Release Amount, such excess amount shall be subtracted from the Second Escrow Release Amount (as defined in paragraph 2.3(a)(2) below) and the Second Escrow Release Amount shall be reduced by such excess amount.

• On each Escrow Payment Date, the Escrow Agent shall deliver the applicable Escrow Release Amount on behalf of the Purchaser to ENS Africa, for payment by ENS Africa to Webber Wentzel and for distribution by Webber Wentzel to the Sellers (other than DiGame) pro rata in accordance with their respective Sellers’ Escrow Proportions.

• The Merger Consideration Escrow Release Amount, to the extent there is such an amount, shall be released two (2) Business Days following Buyer’s delivery of the Closing Statement.

• Acquiror and the Securityholder Representative shall deliver to the Escrow Agent a joint written instruction to release or remove, as applicable, from the Indemnity Escrow Fund the portion of the Final Indemnity Escrow Release Amount comprised of Indemnity Escrow Shares.

• Acquiror and the Securityholder Representative shall deliver to the Escrow Agent a joint written instruction to release from the Indemnity Escrow Fund the portion of the Initial Indemnity Escrow Release Amount comprised of Indemnity Escrow Shares.

More Definitions of Escrow Release Amount

Escrow Release Amount means any amount of the Escrow Fund that is required to be released and distributed to the Surviving Company (for further distribution to the Participating Optionholders and the Bonus Payment Recipients), the Exchange Agent (for further distribution to the Other Stockholders) and the Specified Stockholders pursuant to the terms of this Agreement, including, without limitation, the Initial Indemnity Escrow Amount and any portion of the Pending Claims Reserve applicable to a Pending Claim to which Holdco is not entitled pursuant to a Joint Notice.

Escrow Release Amount means, collectively, the amounts distributed from the Escrow Fund to the Holders pursuant to Section 9.7(k) and the Escrow Agreement.

Escrow Release Amount means, with respect to any applicable month, an amount equal to (i) the quotient of the Released Backlog over the Required Contract Backlog multiplied by (ii) the Escrow Amount.

Escrow Release Amount has the meaning set forth in Section 2.15(a).

Escrow Release Amount has the meaning set forth in Section 9.11(b).

Escrow Release Amount means the amount then held in the Indemnity Escrow Fund minus the amount of any Pending Claim.

Escrow Release Amount has the meaning given in Clause 3.3.1;