PPP Escrow Amount definition

PPP Escrow Amount means, with respect to a Target Company, the full amount of principal and interest due in respect of the PPP Loan.

PPP Escrow Amount means, as of the Determination Time, an amount equal to the outstanding principal amount, plus all accrued and unpaid interest, under the PPP Loan.

PPP Escrow Amount means $5,989,878.60.

Examples of PPP Escrow Amount in a sentence

• Seller hereby agrees and acknowledges that if all or any portion of the PPP Escrow Amount is not released or paid to Seller for any reason, none of Buyer or any of its Affiliates shall be liable to Seller or any other Person for any additional consideration under this Agreement or under the PPP Escrow Agreement as a result of the Seller or such other Person not receiving any portion of the PPP Escrow Amount.

• If all or any portion of the PPP Loan is forgiven after Closing (any such forgiven amounts, a “Forgiven Amount”), Buyer shall provide Seller with written notice of such Forgiven Amount and, to the extent permitted under the PPP Escrow Agreement, instruct the PPP Escrow Agent to disburse all such Forgiven Amount (or such amount that would be considered forgiven under the PPP Escrow Agreement) from the PPP Escrow Amount to Seller in accordance with the terms of the PPP Escrow Agreement.

• The Parent and Securityholders’ Representative shall negotiate in good faith to enter into the PPP Escrow Agreement, which shall provide that upon the CARES Determination Date, the Parent and Securityholders’ Representative shall deliver joint written instructions to the PPP Escrow Agent instructing the PPP Escrow Agent to release the PPP Escrow Amount in accordance with Section 2.13(b) herein.

• On the Seller Parties’ behalf, Buyer will pay and deliver to the PPP Lender the PPP Escrow Amount, to be held pursuant to the terms of the PPP Escrow Agreement.

• The total percentage bolt-ons which may be claimed are therefore 50% i.e. £119.23.

More Definitions of PPP Escrow Amount

PPP Escrow Amount means $4,947,000.00.

PPP Escrow Amount means a nil amount.

PPP Escrow Amount means an amount equal to the PPP Loan, plus any additional amounts required to be deposited with the PPP Lender under the PPP Escrow Agreement.

PPP Escrow Amount means $441,162.

PPP Escrow Amount means $185,366.00.

PPP Escrow Amount means the amount of money to be deposited into the PPP Escrow Account at Closing to fully fund the PPP Escrow Account, as determined by the PPP Escrow Agent provided, however, that in no event shall the amount be less than the outstanding balance of the PPP Loan.

PPP Escrow Amount has the meaning set forth in Section l .4(a).