Examples of Escrow Value in a sentence
There were a total of 7,332,273 common shares of the Company held in escrow under the Escrow Value Security Agreement dated March 30, 2015, on the completion of the RTO.
If the amount of Damages estimated, paid to or claimed by a Buyer Indemnified Person is greater than the Minimum Escrow Value, then no distribution shall be made to VMC upon the one (1) year anniversary, even if the amount of such Damages is less than the total value of the Escrowed Stock.
However, if the aggregate market value of the Indemnity Holdback Amount is below the Minimum Escrow Value on April 26, 2006, then Seller shall deposit with the Escrow Agent by May 5, 2006 such amount of cash or shares of InPhonic Common Stock (as valued on April 26, 2006) to cause the value of the Indemnity Holdback Amount to be at least the Minimum Escrow Value.
Upon receipt of a Joint Escrow Notice of Protected Annual Portfolio Losses pursuant to Section 14.4, the Escrow Agent shall release and distribute, in accordance with Section 16.6, no sooner than five (5) Business Days and no later than ten (10) Business Days after receipt of such Joint Escrow Notice, Escrowed Assets having an Escrow Value equal to the Protected Annual Portfolio Losses.
For the purpose of compensating Parent for its Damages pursuant to this Agreement, the Parent Common Stock in the Escrow Fund shall be valued at the Closing Market Value (the "Escrow Value").