Expense Escrow Amount definition

Expense Escrow Amount means $2,500,000.

Expense Escrow Amount is defined in Section 1.13(f).

Expense Escrow Amount. $50,000 to be deposited into the Expense Escrow (as such term is defined in the Escrow Agreement) in accordance with Section 3.4(a)(ii) and disbursed pursuant to the terms of the Escrow Agreement.

Examples of Expense Escrow Amount in a sentence

• If the then current balance of the Securityholder Expense Escrow Amount is insufficient to cover the entire amount required to be paid, then the Non-ESOP Securityholders, Jointly/Severally, shall promptly pay to Buyer the unpaid portion of such amount by wire transfer of immediately available funds to the account designated by Buyer to the Securityholder Representative in writing.

• If any portion of the Expense Escrow Amount is disbursed to the Unitholders from the Expense Escrow Fund at the discretion of the Representatives, such disbursement shall be allocated among the Unitholders pursuant to the provisions of the Expense Escrow Agreement and this Agreement.

• If any portion of the Expense Escrow Amount is disbursed to the Securityholders from the Expense Escrow Fund at the discretion of the Representative, such disbursement shall be allocated among the Securityholders pursuant to the provisions of the Representative Expense Escrow Agreement and this Agreement in accordance with the Spreadsheet.

• At the Effective Time, Parent shall cause the Expense Escrow Amount to be deposited with the Escrow Agent, such deposit to constitute a source of reimbursement for any actual out-of-pocket costs and expenses incurred by the Representative in connection with the performance of its duties and responsibilities hereunder (the “Expense Escrow Fund”).

• The Plan Debtors shall fund the Professional Fee Escrow Account with Cash equal to the Professional Fee Escrow Amount and the Creditors’ Committee Member Expense Escrow Amount.

More Definitions of Expense Escrow Amount

Expense Escrow Amount means an amount equal to $100,000.

Expense Escrow Amount means a promissory note duly executed by Parent in an amount agreed to by the Company and the Shareholder Representative and delivered to the Shareholder Representative at the Closing.

Expense Escrow Amount means the amount of cash equal to $150,000.

Expense Escrow Amount has the meaning set forth in Section 1.4 hereof.

Expense Escrow Amount has the meaning set forth in Section 5.11.

Expense Escrow Amount means the amount of the Consideration to be delivered to the Expense Escrow Agent at Closing for payment of expenses arising after the Closing pursuant to the Expense Escrow Agreement.

Expense Escrow Amount means that number of shares of Parent Common Stock equal to the quotient obtained by dividing (i) the Expense Fund Amount by (ii) the Closing Price (rounded down to the nearest whole share of Parent Common Stock).