Escrowed Payment definition

Escrowed Payment means an aggregate cash payment of up to $250,000;

Escrowed Payment means an aggregate cash payment of up to $2,500,000 which is the Purchase Price as defined in the Subscription Agreement;

Escrowed Payment means an aggregate cash payment of up to $1,500,000 which is, collectively, the Initial Closing Purchase Price and Second Closing Purchase Price;

Examples of Escrowed Payment in a sentence

• The Escrowed Payment shall not be held in an interest bearing account nor will interest be payable in connection therewith.

• The Escrow Agent may, but shall be under no duty to, institute or defend any legal proceedings which relate to the Documents and the Escrowed Payment.

• Any dispute with respect to the release of the Escrowed Payment shall be resolved pursuant to Section 4.2 or by written agreement between the Company and Purchaser.

• The Company and the Purchaser reaffirm their agreement to abide by the terms and conditions of this Agreement with respect to the release of the Escrowed Payment.

• The Company and the Purchaser acknowledge that the only terms and conditions upon which the Escrowed Payment are to be released from escrow are as set forth in Sections 3 and 4 of this Agreement.

More Definitions of Escrowed Payment

Escrowed Payment means $5,000,000.

Escrowed Payment means $2,000,000.

Escrowed Payment means the sums set forth on Schedule A hereto.

Escrowed Payment means an aggregate cash payment of up to $4,000,000 of Purchase Price;

Escrowed Payment means $3,000,000.

Escrowed Payment means $1,500,000.

Escrowed Payment means an aggregate cash payment of no minumum and up to a maximum of $1,000,000;