Post Closing Claim Cap definition

Post Closing Claim Cap means Five Hundred Thousand and No/100 Dollars ($500,000.00).

Post Closing Claim Cap means Seven Hundred Thousand and No/100 Dollars ($700,000.00). “Property” shall mean, collectively, the Real Property, the Personal Property, and the Intangible Property. “Property Information” shall have the meaning set forth in Section 5.6. “Purchase Price” shall mean the purchase price for the Property as specified in Section 2.2. “Purchaser Title Objections” shall have the meaning set forth in Section 4.1. 4 “Purchaser’s Surviving Obligations” shall mean Purchaser’s obligations intended expressly by their terms to survive Closing or the earlier the termination of this Agreement, including, without limitation, those obligations under Sections 5.1, 5.3, 9.1, 11.8 and 11.18 of this Agreement “Real Property” shall mean, collectively, the Land and the Improvements. “Seller Broker” shall have the meaning set forth in Section 9.1. “Seller Mortgage” shall mean any mortgage or deed of trust granted or assumed by Seller and encumbering the Property or any portion thereof. “Seller Parties” shall mean Seller and its shareholders, agents, officers, directors, trustees, advisors, managers, members, employees and counsel. “Seller Representations” shall mean the representations and warranties of Seller expressly set forth in Section 7.2. “Seller’s Title Election Period” shall have the meaning set forth in Section 4.1. “Study Period” shall mean the period commencing on the Effective Date and ending at 5:00 p.m., Houston, Texas time, on December 19, 2014. “Tenant” shall mean Lexicon Pharmaceuticals, Inc. “Title Company” shall mean Xxxxxxx Title Commercial, having an office address at 0000 Xxxx Xxx Xxxx, Xxxxx 000, Xxxxxxx, XX 00000, Attention: Xxxxx Xxxxx. “Title Documents” shall mean all documents referred to in the Title Commitment. “Title Objection Date” shall mean December 4, 2014. “Title Objection Notice” shall have the meaning set forth in Section 4.1. “Utility Deposits” shall mean all deposits made by or on behalf of Seller with the Persons providing water, sewer, gas, electricity, telephone and other utilities to the Real Property. ARTICLE 2

Post Closing Claim Cap means Five Hundred Thousand Dollars ($500,000).

More Definitions of Post Closing Claim Cap

Post Closing Claim Cap means Seven Hundred Thousand and No/100 Dollars ($700,000.00).

Related to Post Closing Claim Cap

Indemnity Escrow Amount means $5,000,000.
Holdback Amount has the meaning set forth in Section 2.06(a).
Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).
Final Closing Cash shall have the meaning set forth in Section 2.11(g).
Escrow Amount has the meaning set forth in Section 2.1(c).
Seller Closing Certificate has the meaning set forth in Section 7.02(d).
Estimated Closing Cash has the meaning set forth in Section 2.4(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.
Closing Cash Amount shall have the meaning set forth in Section 2.8(b).
Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).
Buyer Closing Certificate has the meaning set forth in Section 7.03(d).
Deficiency Claim Amount has the meaning set forth in Section 5.5(a).
Closing Cash Payment has the meaning set forth in Section 2.06(a).
Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.
Indemnity Escrow Agreement has the meaning set forth in Section 1.5.
Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.
Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.
Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.
Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.
Closing Cash means the aggregate amount of Cash of the Company as of the Effective Time.
Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.
Indemnity Escrow Account has the meaning set forth in Section 2.3(c).
Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).
Second Closing has the meaning set forth in Section 2.2.
Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).
Escrow Cash is defined in Section 4.1(a).