Examples of Escrow Stock Amount in a sentence
The Escrow Agent shall vote the Escrow Stock Amount in accordance with written instructions to be received from SYS.
The Escrow Agent shall vote the Escrow Stock Amount in accordance with written instructions to be received from Patriot.
At the Funding Time, Parent or Buyer shall deposit, or cause to be deposited, with the Escrow Agent (i) an amount in cash equal to the Escrow Cash Amount and (ii) an amount in Parent Common Stock equal to the Escrow Stock Amount.
The Purchaser Common Stock comprising the Escrow Stock Amount shall be registered as of the Closing Date in the name of the applicable Seller.
At the Closing, Parent will deposit the Escrow Stock Amount and the WC Escrow Stock Amount with the Escrow Agent, without any act of the Company Stockholders, such deposit of the Escrow Stock Amount and the WC Escrow Stock Amount to constitute an escrow fund to be governed by the terms set forth in the Escrow Agreement.
Notwithstanding anything to the contrary in this Agreement, in no event shall the Closing Payments payable by Parent pursuant to the Payment Schedule exceed the Estimated Aggregate Cash Consideration and the Aggregate Stock Consideration minus the Escrow Stock Amount.
In making any disbursements to Parent from the Escrow Fund to cover Losses pursuant to this Article VII: (i) first, the Escrow Agent shall make disbursements to Parent to cover such Losses out of the cash comprising the Common Stock Escrow Amount until such time as the entire Common Stock Escrow Amount has been depleted in its entirety and (ii) second, the Escrow Agent shall make disbursements to Parent to cover such Losses out of the cash comprising the Preferred Escrow Stock Amount.
At the Closing, Purchaser shall pay (or cause to be paid), in the manner set forth in Section 2.2, (i) to the Sellers, an amount in cash equal to the Closing Cash Consideration minus the Escrow Cash Amount and minus the Expense Reserve (such net sum, the “Adjusted Closing Cash Consideration”) and (ii) to the Employee Sellers, the Closing Stock Consideration minus the Escrow Stock Amount (such net shares, the “Adjusted Closing Stock Consideration”).
The Escrow Agent shall vote the Founder's Escrow Stock Amount in accordance with written instructions to be received from SYS.
The foregoing shares (together with any cash proceeds of any liquidation of any such shares), are referred to herein as the "Escrow Stock Amount" or the "Escrow Amount").