Original Escrow Amount definition

Original Escrow Amount means $5,024,510 of the Base Purchase Price deposited in escrow pursuant to Section 1.7(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Original Escrow Amount means $9,000,000.

Original Escrow Amount means (pound)384,017;

Examples of Original Escrow Amount in a sentence

At the end of the 12th month after the Effective Date, $[**] (50% of the Original Escrow Amount) of the Escrow Fund, less (i) the amount of all offsets and reductions previously made in accordance with this Agreement less (ii) any Reserved Amount for any Claims that are then pending in an amount equal to the aggregate dollar amount shown in the Notice(s) of such Claim(s), shall be released to Seller.
At Closing, Buyer will deliver the Original Escrow Amount to the Escrow Agent.
At the Closing, Buyer will deliver to State Street Bank & Trust Company, or such other bank as the parties may mutually agree (the "ESCROW AGENT"), the Original Escrow Amount.
In addition, the Original Escrow Amount shall be adjusted from time to time in accordance with the terms of the Escrow Agreement for any claims made by Buyer pursuant to SECTION 8.1 and as otherwise provided in the Escrow Agreement.
The Escrow Agent will hold and deliver the Original Escrow Amount in accordance with the terms of an Escrow Agreement in the form of EXHIBIT C, which the parties will execute and deliver at the Closing (the "ESCROW AGREEMENT").
Following the distribution of the Original Escrow Amount, Angeion shall not be required to keep the Security Deposit separate from its general accounts and Subtenant shall not be entitled to interest on the Security Deposit.
In no event will Eldec be liable to indemnify any party or persons in an amount in excess of the Original Escrow Amount.
On the Effective Date, the Parent and/or the Buyer shall deliver to the Escrow Agent the Original Escrow Amount for the purpose of (a) providing security for any adjustment to the amount of the Purchase Price pursuant to Section 1.11 and (b) securing the indemnification obligations of the Company Shareholders set forth in Article VI.
A Richmont and Prodigy Gold Inc., a wholly-owned subsidiary of Argonaut entered into property transaction agreement dated October 15, 2013 (the "Purchase Agreement") pursuant to which each agreed to sell to the other an interest in certain properties; B Richmont and Argonaut acknowledge that an aggregate of $2,000,000 (the "Original Escrow Amount"), being the amount due pursuant to the transaction entered into between them pursuant to the Purchase Agreement.
The Escrow Agent shall cause the Original Escrow Amount to be deposited in an interest bearing trust account with a Canadian chartered bank.

More Definitions of Original Escrow Amount

Original Escrow Amount means $3,600,000.

Original Escrow Amount means $18,500,000.

Original Escrow Amount means the amounts deposited in escrow with the Escrow Agent in accordance with the provisions of Section 2.6(i).

Original Escrow Amount means $50,375,000 of the Transaction Consideration deposited in escrow pursuant to Section 1.10(a).

Original Escrow Amount means US$10,625,000, which, if Buyer exercises its option to pay a portion of the Original Purchase Price and the same portion of the initial purchase price payable to the Jearums under the Jearum Agreement in Buyer Common Stock shall include such stock, valued at US$54 per share, with the remainder in cash.

Original Escrow Amount means $50,375,000 of the Transaction Consideration deposited in escrow pursuant to Section 1.10(a). “Outside Date” shall mean September 2, 2014.