Escrowed Cash definition

Escrowed Cash shall have the meaning set forth in Section 1.2(c).

Escrowed Cash has the meaning set forth in Section 2.3(b)(ii).

Escrowed Cash means an amount in cash equal to fifty percent (50%) of the Aggregate Escrow Amount.

Examples of Escrowed Cash in a sentence

• Escrow Agent's sole responsibility shall be for the safekeeping, investment, and disbursement of the Escrowed Cash or the Escrowed Shares in accordance with the terms of this Escrow Agreement.

• The Escrow Agent agrees to accept delivery of the Escrowed Cash and to hold the Escrowed Cash in an interest-bearing escrow account (the "Cash Escrow Account"), subject to the terms and conditions of this Agreement.

• The Escrowed Cash shall be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party hereto.

• Escrow Agent shall not be obligated to take any legal action or commence any proceeding in connection with the Escrowed Cash or the Escrowed Shares, any account in which Escrowed Cash or the Escrowed Shares are deposited, this Escrow Agreement or the Merger Agreement, or to appear in, prosecute or defend any such legal action or proceeding.

• If any Working Capital Escrowed Cash (or interest thereon) remains in the Working Capital Escrow Account on the date that such Working Capital Adjustment is resolved and there is no Working Capital Adjustment payable to Buyer, the Parties shall execute and deliver to the Working Capital Escrow Agent joint written instructions promptly to deliver all such amounts by wire transfer of immediately available funds to Seller.

More Definitions of Escrowed Cash

Escrowed Cash means an amount in cash which is equal to the Estimated Merger Consideration minus $154,000,000 but in no event shall the Escrowed Cash exceed $15,000,000; provided, that if the Estimated Merger Consideration is equal to or less than $154,000,000, than the Escrowed Cash shall be $0.00.

Escrowed Cash means any cash subject to a third-party escrow arrangement pursuant to a settlement in respect of the Even Responsible Trademark Matter (as defined in the Company Disclosure Schedule).

Escrowed Cash means, interchangeably and collectively, the First Tranche of Escrowed Cash and the Second Tranche of Escrowed Cash.

Escrowed Cash means the cash held in escrow by Parent as the Escrow Consideration.

Escrowed Cash shall equal $5,000,000. The "Escrowed Bridge Preferred Shares" shall equal the quotient of $20,000,000 divided by the Liquidation Preference, rounded down to the nearest whole share. The Escrowed Cash and the Escrowed Bridge Preferred Shares (collectively, the "Escrow Fund") shall be deposited by Parent with the Escrow Agent (as defined in the Escrow Agreement) at the Effective Time and subsequently distributed to the parties entitled thereto in accordance with the terms of the Escrow Agreement attached as Exhibit A hereto (the "Escrow Agreement"). The Escrowed Bridge Preferred Shares, and any shares of Parent Common Stock or Permanent Preferred Stock into which such shares are converted, will appear as issued and outstanding on the balance sheet of Parent and will be legally outstanding under applicable state law.

Escrowed Cash shall have the meaning set forth in the Recitals.

Escrowed Cash means the sum of the Adjustment Escrowed Cash plus the Reorg Escrowed Cash.