Required Escrow Amount definition

Required Escrow Amount. With respect to any Partner and its sub-account in the Escrow Account, the amount by which the cumulative distributions of UST Warrant Proceeds with respect to such Partner exceeds the product of (i) the Warrant Percentage and (ii) (A) cumulative distributions of Investment Proceeds to such Partner plus (B) cumulative distributions of UST Warrant Proceeds with respect to such Partner minus (C) such Partner’s Capital Commitment; provided that in the event the sum of the amounts set forth in clause (ii) is less than or equal to zero, the Required Escrow Amount shall equal the UST Warrant Proceeds with respect to such Partner; and provided, further, that the Required Escrow Amount with respect to any Partner shall be reduced by any Default Warrant Proceeds with respect to such Partner.
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Required Escrow Amount has the meaning set forth in Section 5.17(b).
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Required Escrow Amount means an amount equal to *** unless the *** is less than the *** in which case the Required Escrow Amount shall equal the product of (i) the number of shares of ICP Common Stock issued to AOL pursuant to Section 3.3.3, multiplied by (ii) the difference, if any, between the *** and the *** as of the end of the calendar month for which the Required Escrow Amount is determined; provided, that if AOL has given the AOL Notice, the Required Escrow Amount shall thereafter equal the product of (x) the number of Subject Shares, times (y) the difference, if any, between the *** and the ***. If during the two (2) year period following the Effective Date ICP declares a stock dividend or distribute shares of common stock of ICP to its shareholders, or if ICP subdivides its outstanding shares of common stock by recapitalization, reclassification or split-up thereof, the Reference Price shall be proportionately decreased to give effect thereto. If during the two (2) year period following the Effective Date ICP combines the outstanding shares of its common stock by recapitalization, reclassification or combination thereof, the Reference Price shall be proportionately increased to give effect thereto. Any such adjustment to the Reference Price shall be effective at the close of business on the effective date of such subdivision or combination or, if any adjustment is the result of a stock dividend or distribution, then the effective date for such adjustment shall be the record date therefor.
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Examples of Required Escrow Amount in a sentence

  • The General Partner shall not place any UST Warrant Proceeds in respect of a Partner in such Partner’s sub-account in the Escrow Account to the extent that the amount in such sub-account is equal to or exceeds the Required Escrow Amount with respect to such Partner.

  • If on any date the amount in a Partner’s sub-account in the Escrow Account exceeds the Required Escrow Amount with respect to such Partner, then the amount of such excess shall be released by the escrow agent to the Noteholder.

  • The Grantor shall deliver to the Escrow Agent the Required Escrow Amount of $[insert dollars] at least [insert number (#)] calendar days prior to [insert date].2.

  • Within [insert number (#)] business days of receipt of the Required Escrow Amount or additional funds pursuant to Paragraph 3 below, the Escrow Agent shall place the Required Escrow Amount in an interest bearing account (the “Escrow Account”) at the “Financial Institution ”, [insert name of financial institution] located at [insert city, state].

  • Within [insert number (#)] business days of receipt of the Required Escrow Amount or additional funds pursuant to Paragraph 3 below, the Escrow Agent shall place theRequired Escrow Amount in an interest bearing account (the “Escrow Account”) at the “Depository Bank”, [insert name of institution bank] located at [insert city, state].

  • Within two (2) business days of receipt of the Required Escrow Amount or additional funds pursuant to Paragraph 3 below, the Escrow Agent shall place the Required Escrow Amount in an interest bearing account (“Escrow Account”) at   Name of Institution/Bank located at  , Massachusetts (“Depository Bank”).

  • Within [insert number (#)] calendar days of any disbursement from the Escrow Account, the Grantor shall deliver additional funds to the Escrow Agent so that the amount available in the Escrow Account shall be no less than the Required Escrow Amount, provided that at no time may the Escrow Account incur a negative balance.

  • The Grantor shall deliver to the Escrow Agent the Required Escrow Amount of $[insert dollars] at least [insert number (#)] calendar days prior to [insert date].

  • Permittee shall deliver to the Escrow Agent, a third-party acting in a fiduciary capacity, the Required Escrow Amount of $  at least thirty (30) calendar days prior to  .

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More Definitions of Required Escrow Amount

Required Escrow Amount means: (1) if Seller delivers Seller’s Nullification Notice following Purchaser’s election to terminate in accordance with clause (A) of Section 6.5.4, an amount equal to one hundred twenty five percent (125%) of the estimated amount required to remediate the Non-Required Environmental Cure Item(s), such estimated amount to be determined in the same manner as the estimated cost of a Required Environmental Remediation Cure Item; or (2) if Purchaser elects to proceed in accordance with clause (B) of Section 6.5.4, an amount equal to the lesser of one hundred twenty five percent (125%) of the Aggregate Estimated Remediation Costs and the Remediation Cost Cap.
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Required Escrow Amount shall be the sum of all of the amounts determined for each remaining Non-Stabilized Mortgaged Property by multiplying the UPB of the Related Bond Mortgage Loan (as shown on the most recently updated Exhibit B) times the Applicable Release Factor specified in Section 3.3(a)(ii).
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Required Escrow Amount means, on any date, (a) the Initial Required Escrow Amount, or (b) if the Outside Date has been extended pursuant to Section 2(b)(ii) as of such date, an amount equal to the Initial Required Escrow Amount plus the aggregate of the Extension Amounts for each Extension Election occurring on or prior to such date.
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Required Escrow Amount has the meaning set forth in Section 2.22.
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Required Escrow Amount means the amount of $20,400,000 less any amounts recouped by Worldspan as a Northwest Indemnity Claim Amount under Section 4.4(b)(2) of the Agreement and deposited by Worldspan into the escrow account established pursuant to the Worldspan/Northwest Indemnity Claim Escrow Agreement (the “Worldspan/Northwest Indemnity Claim Escrow Account”) prior to the Initial Public Offering. As used herein, the “Worldspan/Northwest Escrow Agreement” means the Worldspan/Northwest Escrow Agreement substantially in the form contained in Schedule 4.8 hereto. If the FASA Credit Termination Payment is made to Northwest on or prior to September 30, 2004, Worldspan, Worldspan Technologies Inc. (“WTI”) and Northwest agree to execute the Worldspan/Northwest Escrow Agreement prior to such payment.
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Related to Required Escrow Amount

  • Indemnity Escrow Amount means $5,000,000.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Adjustment Escrow Amount means $1,000,000.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • 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.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Working Capital Escrow Amount means $500,000.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • 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.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Release Amount has the meaning set forth in Section 4.3(f).