Remaining Escrow Amount definition

Remaining Escrow Amount means such portion of the Escrow Amount set aside or required to be set aside by the Escrow Agent pursuant to Section 7(a) with respect to any Loss Notice delivered by Buyer prior to the Escrow Period Termination Date, which shall not have been otherwise paid, settled or resolved on or before the Escrow Period Termination Date.
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Remaining Escrow Amount means an amount equal to $800,000.
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Remaining Escrow Amount has the meaning as set forth in Section 1.11(b).
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Examples of Remaining Escrow Amount in a sentence

  • Upon final resolution of all such previously unresolved claims in accordance with Section 10.06 and Section 10.07 and after payments related to such claims are made, the balance of the Escrow Fund, if any (the “Final Remaining Escrow Amount”), shall be distributed, and Purchaser and Seller shall promptly execute the necessary documents instructing the Escrow Agent to make the applicable payment of the Final Remaining Escrow Amount, by wire transfer of immediately available funds to Seller.

  • To the extent that the liability for [***] and [***] is discharged and fully paid post Closing from the funds available in the Escrow Account, the amounts available for the General Specified Matters shall not exceed the Maximum Remaining Escrow Amount; and (iii) no Seller shall be liable for any Loss beyond its Pro Rata Share in respect of any Specified Matter and with respect to any amount then remaining at such time in the Indemnity Escrow Amount.

  • On the date that is five (5) Business Days after the one (1) year anniversary of the Closing Date, the Escrow Amount shall be reduced to an amount equal to the sum of (x) the Remaining Escrow Amount and (y) the amount of any claims made against the escrow pursuant to Section 7.2(a), and any amount of the Escrow Amount in excess of such sum shall be released to Seller pursuant to the terms and conditions of the Escrow Agreement.

  • It is therefore requested that the Holders agree to waive the requirement to allocate the Remaining Escrow Amount towards New Aircraft or Additional Aircraft and permit said funds to be invested into the Group’s operations at the discretion of management, inter alia in relation to the new B737-800 fleet.

  • Section 6.11(b) Remaining Escrow Amount............................


More Definitions of Remaining Escrow Amount

Remaining Escrow Amount has the meaning given in Section 2.7(d).
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Remaining Escrow Amount means, as at each Relevant Completion, an amount equal to (x) the Escrow Amount less (y) all amounts paid, in the aggregate, by the Escrow Agent to the Seller and the Purchaser (as applicable) in accordance with Clause 4.5 at any prior Relevant Completion, to the Purchaser in accordance with Clause 4.6 or in accordance with Clause 4.7 on the True Up Payment Date;
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Remaining Escrow Amount has the meaning specified in Section 7.
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Remaining Escrow Amount means, as of any date of determination, the portion of the Escrow Amount then held by the Escrow Agent for distribution pursuant to the Escrow Agreement, together with all interest earned thereon from time to time.
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Remaining Escrow Amount has the meaning set forth in Section 3.5.
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Remaining Escrow Amount means (A) the portion of the Escrow Fund that remains available for distribution as of the applicable date of release of the Escrow Fund after (i) satisfaction of all obligations to Acquiror Indemnified Persons (including any potential obligations and pending claims, in each case, subject to any Officer’s Certificate (as defined in Section 9.4 below)) pursuant to Section 9 hereof, (ii) payment of any amount payable out of the Escrow Fund to Escrow Agent under the Escrow Agreement and (iii) reimbursement of the Stakeholder Representative pursuant to Section 9.7(d) plus (B) the portion of the Representative Fund that remains available for distribution as of the date of release of the Escrow Fund after reimbursement of the Stakeholder Representative pursuant to Section 9.7(d).
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Remaining Escrow Amount has the meaning attributed to such term in Section 7.10(4).
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