Examples of Parent Share Consideration in a sentence
If the Earnout Parent Share Consideration does not become payable within the time period provided therefor in Annex I to the Merger Agreement, Parent and the Stockholder Representative will deliver Joint Instructions to the Escrow Agent to transfer the Earnout Parent Share Consideration from the Earnout Escrow Account to Parent and Parent shall cancel all shares constituting the Earnout Parent Share Consideration.
It is characterized that the tourism industry in Africa is heterogeneous which is capable of facilitating resource mobilization, performance and institutional innovation of well managed people who do well somehow, better connected to stakeholders other private sectors which are not allow to make decisions, decisions are made based on a centralized system of government.
The Escrow Agent shall not have any interest in the Escrow Shares or the Earnout Parent Share Consideration but shall serve as escrow holder only and have only possession thereof.
At the Closing, Purchaser has the Cash Consideration and Parent Share Consideration sufficient to pay the purchase price to the Unitholders for the Purchased Units as contemplated herein.
The fees and expenses of the Accountants shall be paid by Parent; provided, however, that Parent shall be reimbursed for one-half of such fees and expenses out of the Parent Share Consideration.
The Earnout Parent Share Consideration to be deposited in the Earnout Escrow Account shall be issued, on the basis of the Per Share Earnout Merger Consideration allocable to each Company Stockholder pursuant to Section 1.08(c) of the Merger Agreement, in the name of the Company Stockholders who would receive the Earnout Parent Share Consideration pursuant to Section 1.08(c) of the Merger Agreement (in restricted book entry form).
The escrow services to be rendered by the Escrow Agent under this Agreement will not begin until the Escrow Agent has received the documentation necessary to establish the Escrow Account and the Earnout Escrow Account on its books and has received the Escrow Shares and the Earnout Parent Share Consideration in accordance with this Agreement.
If, as set forth in the Closing Date Balance Sheet, the Net Liabilities are less than US$1,0000,000, the Parent Share Consideration shall be increased by the amount of such excess cash and/or the amount of lesser debt as calculated pursuant to this Section 2.01, but in no event in excess of 957,464 Parent Shares.
Any successor Escrow Agent shall execute and deliver to the predecessor Escrow Agent, Parent and the Stockholder Representative an instrument accepting such appointment and the transfer of the Escrow Shares and the Earnout Parent Share Consideration and agreeing to the terms of this Agreement.
Except as Parent and the Stockholder Representative may otherwise agree in joint written instructions executed and delivered to the Escrow Agent by the Stockholder Representative and Parent, no part of the Escrow Shares or the Earnout Parent Share Consideration may be withdrawn except as expressly provided in this Agreement.