Net Working Capital Escrow Amount definition

Net Working Capital Escrow Amount means $1,500,000.

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

Net Working Capital Escrow Amount means $500,000.

Examples of Net Working Capital Escrow Amount in a sentence

Confidential tax information includes, but is not limited to, information obtained in connection with the administration of a tax or information or parameters that would enable a person to ascertain the audit selection or processing criteria of the Michigan Department of Treasury for a tax administered by the department.
Within five (5) days of the determination of the Final Net Closing Statement pursuant to Section 2.9, the Net Working Capital Escrow Amount (less the amount, if any, of any Net Working Capital Deficit) shall be released to the Seller Representative.
In the event that Purchaser does not elect to recover such difference from the Indemnification Escrow Amount, Seller will promptly pay to Purchaser, by wire transfer of immediately available funds, the amount by which the Shortfall Amount exceeds the Net Working Capital Escrow Amount.
The Net Working Capital Escrow Amount (or any portion thereof) shall be distributed from the Net Working Capital Escrow Fund to the Escrow Participants and Parent at the times, and upon the terms and conditions, set forth in this Agreement and the Escrow Agreement.
To the extent that the Net Working Capital Escrow Amount, Excluded Liabilities Escrow Amount or Tax Escrow Amounts are insufficient for any such payment, the party responsible (i.e., either the Acquiror (and SPC with respect to Acquiror’s obligations under this Section 2.12(e)) or the Stockholders’ Representative) for such amount shall pay, or cause to be paid, such deficiency to the other party, as appropriate, as further provided for with particularity in the Escrow Agreement.

More Definitions of Net Working Capital Escrow Amount

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 has the meaning set forth in Section 3.3(a)(iii).

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

Net Working Capital Escrow Amount is defined in Section 2.6.

Net Working Capital Escrow Amount means an amount equal to $1,129,000 plus all interest and earnings thereon, and minus any disbursements therefrom, in each case, pursuant to the Escrow Agreement.

Net Working Capital Escrow Amount has the meaning set forth in Section 1.01(b)(i)(C).

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.