Escrow Remainder definition

Escrow Remainder means the amount available to be distributed to the Payment Parties upon full or partial distribution at the Escrow Release Times of the Escrow Fund pursuant to the terms of the Escrow Agreement, with the applicable portion of the Escrow Remainder applicable to such a full or partial distribution with respect to an Payment Party being the amount of such distribution determined in accordance with such Payment Party’s Pro Rata Portion.
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Escrow Remainder means an amount equal to $2,000,000 (plus accrued and undistributed earnings on the Escrow Property) minus the sum of (a) the total amount of Escrow Property that is then being segregated with respect to Pending Claims under Section 5 plus (b) the amount of any Escrow Property that was previously paid by the Escrow Agent to an Indemnitee to reimburse Buyer Indemnified Costs with respect to
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Escrow Remainder means an amount equal to $3,000,000 (plus accrued and undistributed earnings on the Escrow Property) minus the sum
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Examples of Escrow Remainder in a sentence

  • The Escrow Agent shall release (x) to the Representative, an amount in cash equal to the Common Stockholders’ aggregate Ownership Percentage (in respect of such Common Stockholders’ Common Stock) of the Indemnification Escrow Remainder and (y) to the Surviving Corporation, an amount in cash equal to the remainder portion of the Indemnification Escrow Remainder.

  • In the event that any portion of the PPP Loan is not forgiven (any such amount which is not forgiven, the “Unforgiven PPP Loan Amount”), the PPP Lender will be entitled to recover such Unforgiven PPP Loan Amount from the PPP Escrow Fund and, if such Unforgiven PPP Loan Amount is less than the amounts then in the PPP Escrow Fund (such remainder, the “PPP Escrow Remainder”), the PPP Lender will release the PPP Escrow Remainder to the Company (prior to Closing) or Atlas (after the Closing), as applicable.

  • The "Escrow Per Share Amount" shall be equal to the quotient (rounded to the second decimal place) of (A) the Escrow Remainder divided by (B) the number of Diluted Shares (excluding the Receivership Stock).

  • The cash portion of the Escrow Remainder equal to the difference between the Escrow Remainder and the Additional Stockholder Payment shall be released to Parent.

  • On the Effective Date, if any, Koch Xxxiculture and Purina shall deliver joint written instructions to the Escrow Agent directing the Escrow Agent to disburse (a) the Escrow Payment to Purina and (b) the Escrow Remainder to Koch Xxxiculture.

  • In addition, if the Investors reasonably and in good faith determine that the maximum potential Investor Damages (as defined in Section 10.1 hereof) that could result from the EFI Litigation is less than $2,000,000, then the amount of the Escrow Remainder exceeding such maximum potential Investor Damages shall be released to the Seller, and not to any other Person.

  • Not later than the second business day after March 30, 1998 (the "Expiration Date"), the Escrow Agent shall distribute from the Escrow Property, to the extent sufficient therefor, the Escrow Remainder in accordance with joint written instructions received by the Escrow Agent and signed by Buyer and the Bishxx Xxxemnitor Representative.

  • Not later than the second business day after May 27, 1998 (the "Expiration Date"), the Escrow Agent shall distribute from the Escrow Property, to the extent sufficient therefor, the Escrow Remainder in accordance with joint written instructions received by the Escrow Agent and signed by each of Buyer, the Atrium Indemnitor Representative and Heritage.

  • Upon receipt of the foregoing amounts from the Escrow Agent and subject to Section 2.10(d)(vi), the Representative shall promptly pay to each Common Stockholder its applicable Ownership Percentage (in respect of such Common Stockholder’s Common Stock) of the Indemnification Escrow Remainder, and the Surviving Corporation shall promptly pay to each Optionholder its applicable Ownership Percentage (in respect of such Optionholder’s Options) of the Indemnification Escrow Remainder.

  • Such joint written instructions to the Escrow Agent shall cause the Escrow Agent to pay to the Representative the Indemnification Escrow Remainder for the benefit of the Securityholders.


More Definitions of Escrow Remainder

Escrow Remainder has the meaning set forth in Section 9.2.
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Escrow Remainder means the Escrow Funds less the Escrow Payment.
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Escrow Remainder has the meaning specified in Section 4.4.
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Related to Escrow Remainder

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Class B Initial Invested Amount means the sum of the aggregate initial principal amount of the Class B Certificates, which is $48,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class B Certificates.

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

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

  • Initial Invested Amount means the sum of the Class A Initial Invested Amount and the Class B Initial Invested Amount.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Engineer-in-charge representative means any officer of the Authority nominated by the Engineer-in-charge for day to day supervision, checking, taking measurement, checking bills, ensuring quality control, inspecting works and other related works for completion of the project.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Agreement End Date has the meaning specified in Section 10.1(e).

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

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

  • Professional Fee Escrow means a non-interest-bearing escrow account established and funded pursuant to Article II.C.3.

  • Class A Initial Invested Amount means the sum of the aggregate initial principal amount of the Class A Certificates, which is $750,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class A Certificates.

  • Expense Fund has the meaning set forth in Section 9.14(f).

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Engineer-In-Charge (EIC means the Engineer officer authorised to direct, supervise and be In-charge of the works for the purpose of this contract who shall supervise and be in charge of the work.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.