NWC Holdback Amount definition

NWC Holdback Amount has the meaning set forth in the Recitals.
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NWC Holdback Amount means $1,000,000.
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NWC Holdback Amount has the meaning assigned to such term in Section 1.5(b)(xvi) of the Agreement.
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Examples of NWC Holdback Amount in a sentence

  • Applicant Information• Complete the information from the original application, noting any change.

  • At the Closing, the NWC Holdback Amount shall be deducted from the Purchase Price otherwise payable to Sellers pursuant to Section 2.4.1 and shall be held by Purchaser until the Final Net Working Capital Adjustment is determined pursuant to Section 2.5, at which time, the NWC Holdback Amount shall be distributed as set forth in Section 2.5.

  • Any adjustments pursuant to Section 1.12 which result in a decrease in the Aggregate Merger Consideration shall be paid to ESI from the NWC Holdback Amount (with the burden of such payment allocated among the Securityholders pro rata based on such Securityholders’ Percentage Interest of the NWC Holdback Amount).

  • The Securityholder Representative and ESI shall give instructions to the Escrow Agent to release an aggregate amount of up to (A) the amount of the Independent Accounting Firm’s expenses owed by the Securityholders from the Securityholder Expense Escrow Amount being held in the Escrow Account, and/or (B) the decrease in Aggregate Merger Consideration from the NWC Holdback Amount being held in the Escrow Account, as the case may be, in accordance with this Section 1.12.


More Definitions of NWC Holdback Amount

NWC Holdback Amount means $750,000, which shall initially be deposited with the Escrow Agent specifically and exclusively to pay ESI, if applicable, with respect to any Net Working Capital Adjustment pursuant to Section 1.12.
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Related to NWC Holdback Amount

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Amount means $3,000,000.

  • Escrow Cash is defined in Section 4.1(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Adjustment Escrow Amount means $1,000,000.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Working Capital Escrow Amount means $2,000,000.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.