First Distribution Amount definition

First Distribution Amount has the meaning set forth in the Fourth Amended and Restated Certificate of Incorporation.
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First Distribution Amount means $3,000,000.”
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First Distribution Amount means $6,250,000 plus one half of all interest or other income on the Escrow Amount from the Closing Date through the First Distribution Date and minus the sum of (i) all amounts paid out of the Escrow Fund through the First Distribution Date and (ii) the aggregate of all amounts claimed by any Buyer Indemnitee pursuant to Claim Notices with respect to Claims pending as of the First Distribution Date in excess of the Deductible (to the extent such Claims are subject to the Deductible).
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Examples of First Distribution Amount in a sentence

  • Upon receipt by Orca Midco of the First Distribution Amount and/or the Second Distribution Amount, Orca Midco shall have the right (which the SPAC acknowledges) to loan such amounts to ITSF or any of its Subsidiaries.

  • If the Second Merger Closing has not occurred prior to May 28, 2024, then Orca Midco shall have the right (subject to and in accordance with the terms and procedures set forth in Section 9.31 and this Section 9.34) to receive an advance from the funds then held in the Divestiture Proceeds Escrow Account in an amount equal to the First Distribution Amount.

Related to First Distribution Amount

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.