Initial Escrow Shares definition

Initial Escrow Shares means the number of shares of Purchaser Common Stock or Sorrento Common Stock, as applicable, equal to 20% of the Purchaser Stock Consideration, rounded down to the nearest whole share.

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Initial Escrow Shares means the number of Parent Shares (rounded down to the nearest whole share) equal the product obtained by multiplying (a) the Aggregate Available Parent Shares by (b) ten percent (10%).

Initial Escrow Shares means the sum of (i) the Initial Escrow Common Shares and (ii) the Initial Escrow Preferred Shares. For the avoidance of doubt, in no event shall the number of Initial Escrow Shares be greater than 4,384,896 shares of Parent Capital Stock.

Examples of Initial Escrow Shares in a sentence

The Released Escrow shall be released to the Holders in proportion to their respective interests in the Initial Escrow Shares.
Unless otherwise indicated, as used in this Escrow Agreement, the term "ESCROW SHARES" includes the Initial Escrow Shares and any Additional Shares.
The Released Escrow shall be released to the Holders in proportion to their respective interests in the Initial Escrow Shares as certified in writing to the Escrow Agent.
The Released Escrow will be released to the Holder in proportion to their respective interests in the Initial Escrow Shares.
The Company shall notify the Investors as soon as the Initial Escrow Shares and the Replenishment Shares have been deposited with the Escrow Agent.
Unless otherwise indicated, as used in this Escrow Agreement, the term "Escrow Shares" includes the Initial Escrow Shares and any Additional Shares, and the term "Escrow Fund" will include the Escrow Shares and the Proceeds (as defined below).
Upon the issuance of the Non-Escrow Shares in accordance with Section 1.4, the Purchaser shall withhold the Initial Escrow Shares and deliver such shares of Purchaser Common Stock to Wilmington Trust N.A., as escrow agent (the “Escrow Agent”), to be held by the Escrow Agent as collateral to secure the rights of the Purchaser pursuant to Section 1.3(a) and of the Indemnified Parties under Article X.
Unless otherwise indicated, as used in this Escrow Agreement, the term "ESCROW SHARES" includes the Initial Escrow Shares and any Additional Shares, and the term "ESCROW FUND" shall include the Escrow Shares and the Proceeds (as defined below).
On the Closing Date or as soon as practicable thereafter, Parent shall issue the Initial Escrow Shares to the Escrow Agent to hold in trust as an escrow fund (the “Escrow Fund”) under the terms of this Agreement and the Escrow Agreement.
Parent shall deposit as soon as practicable ----------------- after the Effective Time on the Holders' behalf with the Escrow Agent (with the same effect as if transferred to the Holder and then transferred by the Holder to the Escrow Agent) a certificate representing the number of Escrow Shares issued pursuant to the Merger Agreement registered in the name of Embassy & Co. as nominee for the Escrow Agent (the "Initial Escrow Shares").

More Definitions of Initial Escrow Shares

Initial Escrow Shares shall have the meaning set forth in Section 2.2(c)(ii)(3).

Initial Escrow Shares shall have the meaning set forth in Section 1.6(a)(ix).

Initial Escrow Shares means the number of Parent Shares (rounded down to the nearest whole share) equal the product obtained by multiplying

Initial Escrow Shares means the two million (2,000,000) shares of the Common Stock issued and delivered to the Escrow Agent in accordance with the Stipulation.

Initial Escrow Shares means 150,000 Shares that will serve as the initial Escrow Property.