Examples of Escrow Remainder in a sentence
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.
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.
Such joint written instructions to the Escrow Agent shall cause the Escrow Agent to pay to each of the Sellers such Seller’s Pro Rata Portion of the Indemnification Escrow Remainder to the bank accounts designated by each such Seller from the Indemnification Escrow Account.
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.
Business, Care Management, Policy, and Quality Oversight staff are among the employees assigned to this location.
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.