Examples of Price Adjustment Escrow Amount in a sentence
Upon receipt of the Purchase Price Adjustment Escrow Amount, the Price Adjustment Escrow Agent shall immediately deposit the Purchase Price Adjustment Escrow Amount into an interest-bearing account.
Simultaneously with the Closing, the Purchase Price Adjustment Escrow Amount shall be withheld from the Closing Date Merger Consideration otherwise payable in respect of the Common Shares, Warrants and Stock Appreciation Rights and deposited by Parent into a separate account (the "Purchase Price Adjustment Escrow Account") with the Escrow Agent, pursuant to the Escrow Agreement.
The amount so withheld from each Equityholder shall be equal to (a) the Purchase Price Adjustment Escrow Amount multiplied by (b) such Equityholder's Applicable Percentage as set forth on Final Schedule I.
The Purchase Price Adjustment Escrow Amount will be available to fund payments arising out of the adjustments to the Company Enterprise Value described in Sections 2.3 and 2.5.
If the Closing Cash Consideration, as finally determined, is less than the Estimated Closing Cash Consideration (an “Overpayment”), then Purchaser and Seller shall deliver a joint written instruction to the Escrow Agent to release out of the Purchase Price Adjustment Escrow an amount equal to the Overpayment and distribute the remainder of the Purchase Price Adjustment Escrow Amount, if any, to Seller.
The Closing Date Payment less the Escrow Amount and the Purchase Price Adjustment Escrow Amount shall be paid and delivered to the Operating Companies at the Closing by wire transfer of immediately available funds to the account(s) designated in writing by Holdings at least two (2) Business Days prior to the Closing.
At the Closing, Parent shall deposit or shall cause the Surviving Company to deposit with SunTrust Bank, N.A. (the “Escrow Agent”) the Purchase Price Adjustment Escrow Amount into an escrow account (the “Escrow Account”) pursuant to the terms of an Escrow Agreement in the form attached hereto as Exhibit C (the “Escrow Agreement”).
Any positive balance remaining in the Accrued Cash-Out Vacation Escrow Account giving effect to any distributions therefrom made or required to be made as a result of certifications submitted by the Sellers on or before the Accrued Vacation Amount Final Payment Date shall be transferred to the Purchase Price Adjustment Escrow Account, added to the Purchase Price Adjustment Escrow Amount and applied as provided in Section 2.2.4.
Buyer shall pay by wire transfer of immediately available funds at the Closing the Purchase Price Adjustment Escrow Amount and the Indemnification Escrow Amount to the Escrow Agent, for and on behalf of Sellers, for deposit into one or more escrow accounts to be held by the Escrow Agent in accordance with the terms of this Agreement and the Escrow Agreement.
Any payments pursuant to this Section 2.3(i) of this Agreement out of the Purchase Price Adjustment Escrow Amount or the Indemnification Escrow Amount shall include a proportionate share of the interest actually earned (net of the Escrow Agent's fees and expenses) on the Purchase Price Adjustment Escrow Amount or the Indemnification Escrow Amount, as applicable.