Net Working Capital Escrow Amount definition

Net Working Capital Escrow Amount means $1,070,000.

Net Working Capital Escrow Amount has the meaning set forth in Section 2(e)(iii).

Net Working Capital Escrow Amount means $750,000. “Net Working Capital Target” means negative $421,000.

Examples of Net Working Capital Escrow Amount in a sentence

• In the event that the Shortfall Amount is less than the Net Working Capital Escrow Amount, Buyer and the Representative shall jointly instruct the Escrow Agent in writing to release the difference between the Net Working Capital Escrow Amount and the Shortfall Amount (together with any interest accrued thereon) to, or at the direction of, the Representative for credit to the Unitholders and the Seller in accordance with their Pro-Rata Share as set forth in the Allocation Schedule.

• In addition, in connection with the payment of the Excess Amount, Buyer and the Representative shall jointly instruct the Escrow Agent in writing to release the Net Working Capital Escrow Amount (together with any interest accrued thereon) to, or at the direction of, the Representative for credit to the Unitholders and the Seller in accordance with their Pro-Rata Share as set forth in the Allocation Schedule.

More Definitions of Net Working Capital Escrow Amount

Net Working Capital Escrow Amount means an amount equal to Five Hundred Thousand Dollars ($500,000).

Net Working Capital Escrow Amount means $750,000.

Net Working Capital Escrow Amount means the amount deposited in the Escrow Account pursuant to Section 2.8(a).

Net Working Capital Escrow Amount has the meaning set forth in Section 3.3(a)(iii).

Net Working Capital Escrow Amount is defined on Schedule 1.6(a). “Net Working Capital Escrow Account” is defined in Section 1.6(a) of this Agreement. “Net Working Capital June” means the amount by which (i) Current Assets exceeds (ii) Current Liabilities, in each case, determined as of the close of business on June 29, 2014. “Net Working Capital May” means the amount by which (i) Current Assets exceeds (ii) Current Liabilities, in each case, determined as of the close of business on May 25, 2014. “Neutral Arbitrator” is defined in Section 1.8(c) of this Agreement. “Non-Disclosure and Confidentiality Agreement” is defined in Section 6.2 of this Agreement. “Objection Notice” is defined in Section 1.8(b) of this Agreement. “Open Source Software” is defined in Section 3.9(g) of this Agreement. “Option Holder” is defined in Section 1.3(a) of this Agreement. “Order” is defined in Section 2.3(c) of this Agreement. “Ordinary Course of Business” means the ordinary and usual course of normal day-to- day operations of the Company and its Subsidiaries consistent with past practice. “OWM” means onsite workforce management. “Parties” is defined in the Preamble of this Agreement. “Permits” means all permits, licenses, franchises, approvals, authorizations, consents, registrations or certificates required to be obtained from Governmental Entities. “Permitted Liens” means (i) liens for Taxes not yet due and payable or that are being contested in good faith by appropriate procedures; (ii) mechanics, carriers’, workmen’s, repairmen’s or other like liens arising or incurred in the Ordinary Course of Business;

Net Working Capital Escrow Amount is defined in Section 2.6.

Net Working Capital Escrow Amount means $1,500,000.00, together with any interest, gains and other distributions on such amount, as reduced from time to time by the amount of monies distributed from the Net Working Capital Escrow Funds in accordance with this Agreement and the Escrow Agreement; provided, however, that in the event that, prior to Closing, Voxeo UK has obtained the consent of the holders (other than Voxeo Europe) of not less than 28% of the outstanding equity of Qivox to transfer, sell and assign their equity interest in Qivox directly to a designee of Parent (and not to Voxeo Europe) for the same price provided for in, and on substantially the same terms and conditions contemplated by, the Qivox Equity Purchase Agreement, and such shareholders have executed and delivered all documents and agreements necessary or advisable for the purpose of consummating such transaction at the Closing, then the initial amount of the Net Working Capital Escrow Amount shall be reduced from $1,500,000 to $1,200,000.