First Release Amount means Two Million Dollars ($2,000,000) minus the aggregate amount of any reduction in the Indemnification Holdback made by Holdco pursuant to Section 11.07(d) on or before the First Release Date.
First Release Amount means an amount equal to the amount standing to the credit of the Escrow Account as at the First Payment Date less £773,345.50 (seven hundred and seventy-three thousand three hundred and forty-five pounds sterling and fifty pence) and, if the outcome of such calculation is nil or a negative number, the First Release Amount shall be nil.
First Release Amount means the number of shares of STAFFMARK Stock equal to the product of: (x) ten percent (10%) times (y) the number of shares of STAFFMARK Stock issued to the STOCKHOLDERS pursuant to the Merger that are then beneficially owned by the STOCKHOLDERS as of the first day of the First Release Period."
Examples of First Release Amount in a sentence
Cooling will not be uniform at the corner and could cause a void to form in the corner as shown.
At 5:00 p.m., Eastern Time, on the twelve (12) month anniversary of the Closing Date (the "First Release Date"), Holdco shall release from the Indemnification Holdback and shall pay to Seller cash in an amount equal to the First Release Amount minus the aggregate amount (determined in the reasonable judgement of Holdco) of any pending claims for Damages made by Holdco on or before the First Release Date.
More Definitions of First Release Amount
First Release Amount means an amount equal to (a) $15,000,000 minus (b) any amounts disbursed from the Escrow Account prior to the First Release Date.
First Release Amount means an amount equal to the amount standing to the credit of the Escrow Account as at the First Payment Date less £773,345.50 (seven hundred and seventy-three thousand three hundred and forty-five pounds sterling and fifty xxxxx) and, if the outcome of such calculation is nil or a negative number, the First Release Amount shall be nil.
First Release Amount means a dollar amount equal to the least of (A) the First SEC Event Amount, if applicable, (B) the First Non-SEC Event Amount, if applicable, (C) the First Maximum Amount and (D) the dollar amount available in the Holder's Master Restricted Account.
First Release Amount means an amount equal to the amount standing to the credit of the Escrow Account as at the First Payment Date less
First Release Amount means the amount equal to (A) TWENTY-FIVE MILLION DOLLARS ($25,000,000), minus (B) the sum of all Losses incurred or paid by the Buyer Indemnified Parties in the aggregate with respect to which the Buyer Indemnified Parties are entitled to indemnification pursuant to this Article V as of the First Release Date, minus (C) the sum of all Losses estimated in good faith to result from Outstanding Claims as of the First Release Date. “Outstanding Claims” means, as of the applicable date of determination, then-pending indemnification claims or demands for indemnification pursuant to this Article V. For the avoidance of doubt, if the First Release Amount is less than zero, then the First Release Amount shall be deemed to be zero.
First Release Amount has the meaning set forth in Exhibit A.
First Release Amount has the meaning set forth in Section 8.5(b).