Management Escrow Amount definition
Examples of Management Escrow Amount in a sentence
At Closing, the Buyer shall deposit the Management Escrow Amount with the Escrow Agent.
To the extent the aggregate payments to be made under the Transaction Incentive Plan are less than the Management Escrow Amount, the dollar amount of such deficiency (the “Deficiency Amount”) shall be deducted from the Merger Consideration and deposited in the Escrow Fund at the Closing.
The Buyer and the Escrow Agent shall have executed and delivered to the Company the Escrow Agreement and the Buyer shall have deposited the Escrow Amount, Special Escrow Amount and Management Escrow Amount with the Escrow Agent.
The Management Escrow Amount shall be held in trust by the Escrow Agent pursuant to the terms of the Escrow Agreement and shall be released in accordance with the terms thereof.