Initial Release Amount definition

Initial Release Amount means the amount standing to the credit of the Interim Covenant Escrow Account less A x (B - C), where A is the Escrow Aggregate Adjustment Proportion, B is €30 million and C represents the aggregate of any Due Amounts arising prior to the Initial Interim Covenant Escrow Account Release Date in respect of Specified Claims, whether payable from the Interim Covenant Escrow Account, DB or Landsbanki;
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Initial Release Amount means an amount equal to one third (1/3) of the Indemnity Escrow Amount.
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Initial Release Amount means an amount equal to the difference of (i) the sum of amount of all funds in the Indemnification Escrow Account as of the date of release, minus (ii) the sum of (1) all amounts, if any, that, as of the General Termination Date, represent claimed Losses under then-pending indemnification Claims subject to Claim Notices pursuant to the terms of the Escrow Agreement (“Outstanding Claims”), plus (2) any amount due to Parent from the Indemnification Escrow Account pursuant to indemnification Claims that have been finally resolved in accordance with this Agreement and the Escrow Agreement but which the Escrow Agent has not yet released from the Indemnification Escrow Account to Parent.
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Examples of Initial Release Amount in a sentence

  • To the extent required by the Escrow Agent, Seller Representative and Parent shall provide a joint written instruction to Escrow Agent, as required to effectuate such release of the Initial Release Amount and any Resolved Amount.

  • For purposes of this Section 1(b), the "Initial Release Amount" shall equal 152,192 shares (35% of the Total Cholestin Escrow Shares) multiplied by a fraction, the numerator of which is the number of Accepting Holders Total Cholestin Escrow Shares and the denominator of which is the Total Cholestin Escrow Shares.

  • Promptly following Holdback Release Date I, Buyer shall pay to Seller (by wire transfer of immediately available funds to an account designated in writing by Seller to Buyer at least two (2) Business Days prior to such payment) twenty-five percent (25%) of the Holdback Amount, minus the amount, if any, of any unresolved claims for indemnification pursuant to Article 10 (the amount payable to Seller, the "Initial Release Amount").

  • Notwithstanding anything to the contrary, only claims for indemnification made within six (6) months of the Closing Date shall be included in the calculation of the Initial Release Amount.

  • The Holder and Company shall then, as soon as commercially practicable, and in accordance with the Deposit Control Agreement, cause the Initial Release Amount, Second Release Amount or Successive Release Amount, as applicable, to be released from the Deposit Control Account and be deposited into a bank account specified in writing by the Company in the Deposit Control Agreement.

  • Notwithstanding anything to the contrary, only claims for indemnification made within six months of the Closing Date shall be included in the calculation of the Initial Release Amount and the Holdback Release Amount.

  • Upon receipt of such an Initial Release Notice, the Escrow Agent shall on the next business day thereafter and subject to the limitations set forth herein, release from escrow and deliver (by first class mail, registered mail or overnight courier service) to Sellers in accordance with the Allocation Percentage, remaining Escrow Shares equal in value to the Initial Release Amount (valued at the closing price of Parent common stock on the day prior to preparation of the Initial Release Notice).

  • On each Release Date, the Company shall determine the amount of cash, if any, that it will draw from the Initial Release Amount, Second Release Amount or Successive Release Amount, respectively.

  • As promptly as reasonably practicable after receipt of the Initial Release Amount, the Paying Agent shall disburse the Initial Release Amount to the Blocker Sellers and the Unitholders (other than any holder of Blocker Units) in accordance with the Distribution Waterfall.


More Definitions of Initial Release Amount

Initial Release Amount shall have the meaning set forth in Section 9(b).
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Initial Release Amount shall have the meaning given to such term in Section 9.7(c).
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Initial Release Amount has the meaning set forth in Section 2.3(a)(vii).
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Initial Release Amount means an amount equal to the difference of (A) the Indemnification Escrow Fund as of the date of release, minus (B) the sum of (1) all amounts, if any, that, as of the first (1st) anniversary of the Closing Date, represent claimed Losses under then-pending indemnification claims subject to Claim Notices (“Outstanding Claims”), plus (2) any amount due to Purchaser from the Indemnification Escrow Fund pursuant to indemnification claims that have been finally resolved in accordance with this Agreement and the Escrow Agreement but which the Escrow Agent has not yet released from the Indemnification Escrow Fund to Purchaser. As promptly as reasonably practicable after receipt of the Initial Release Amount, the Paying Agent shall disburse the Initial Release Amount to the Blocker Sellers and the Unitholders (other than any holder of Blocker Units) in accordance with the Distribution Waterfall. With respect to any Outstanding Claim, the Parties agree that, as and when any such Outstanding Claim is resolved, Purchaser and the Sellers’ Representative shall instruct the Escrow Agent to pay to the Paying Agent, by wire transfer of immediately available funds, the applicable Resolved Amount. As used in this Agreement, “Resolved Amount” means, with respect to any Outstanding Claim, an amount equal to the difference of (A) the amount claimed by Purchaser with respect to such Outstanding Claim, minus (B) all amounts released from the Indemnification Escrow Fund to Purchaser with respect to such Outstanding Claim.
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Initial Release Amount has the meaning set forth in Section 11.6(g). “Innovation Law” means the Israeli Research, Development and Technological Innovation in Industry Law, 5744 1984 and the regulations, tracks, rules and procedures promulgated thereunder. “Insider Receivable” has the meaning set forth in Section 3.5(d). “Insolvency Related Procedure” means, with respect to any Person, the occurrence of any of the following: (a) the filing of an application by such Person for, or a consent to, the appointment of a trustee
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Initial Release Amount means an amount equal to the difference of (1) the amount of all funds in the Escrow Account as of the date of release, minus (2) the sum of (A) all amounts, if any, that, as of the Claims Date, represent claimed Damages under then-pending indemnification claims under the terms of the Escrow Agreement (“Outstanding Claims”), plus (B) any amount due to the Purchaser Indemnified Persons from the Escrow Account under indemnification claims that have been finally resolved in accordance herewith and the Escrow Agreement but which the Escrow Agent has not yet released from the Escrow Account to the Purchaser Indemnified Persons.
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Related to Initial Release Amount

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Conditional release means a revocable modification of a

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Lease Termination Date means the last day of the Lease Term.

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • General Release has the meaning stated in Section 6.03.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Release Notice has the meaning specified in Section 11.19(b).

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Accidental release means an unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air from a stationary source.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.