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 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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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.

  • Likewise, the right to recovery for any indemnification claim under any section of this Article VIII, including any recovery for Adverse Consequences, attorney fees, costs and expenses, shall be limited to the Minimum Required Escrow Amount at the date the claim for indemnification is made.

  • 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 .

  • In the event that the Company does not pay such amount or deliver an Objection Notice on or before such tenth (10th) Business Day, Seller shall be entitled to be paid such amount from the Escrow Account by providing written notice to the Escrow Agent in accordance with the terms of the Escrow Agreement and the Company shall within ten (10) Business Days thereafter be required to pay such amount into Escrow so that the total amount in the Escrow Account equals the Required Escrow Amount (as defined below).

  • Upon completion of the Sale, the Escrow Agent will retain the proceeds of the Sale to the extent necessary to maintain the Selling Shareholder's balance of Escrowed Stock (valued at the Acquiror Per Share Equity Value as defined in Section 2.6(f) of the Merger Agreement) or cash with the Escrow Agent at a value equal to the value of the Escrowed Stock listed for the Selling Shareholder on Schedule A (the "Required Escrow Amount").

  • At any time hereafter, the Company may substitute a letter of credit in form and substance reasonably satisfactory to Seller for all or any portion of the Required Escrow Amount by delivering such letter of credit to the Escrow Agent who shall distribute from the Escrow Account in exchange therefor an amount of cash equal to the face amount of such letter of credit.

  • As used herein, the "Required Escrow Amount" means the amount of $24,000,000 less (i) any amounts recouped by Worldspan as a Delta 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/Delta Indemnity Claim Escrow Agreement (the "Worldspan/Delta Indemnity Claim Escrow Account") prior to the Initial Public Offering and (ii) any amounts set off by Worldspan Technologies Inc.

  • In selecting any Eligible Investments for investment, the Issuers shall determine that the proceeds thereof at maturity or withdrawal, which shall occur on or before the then applicable Outside Date), when added to the balance of the Escrowed Property without the reinvestment thereof or sale prior to maturity, provide funds to the Escrow Agent in an amount at least equal to the then applicable Required Escrow Amount.

  • For purposes of determining the Required Escrow Amount for a Selling Shareholder, the shares of Escrowed Stock remaining after a Sale shall be valued at the price per share obtained from the Sale.


More Definitions of Required Escrow Amount

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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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 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 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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Required Escrow Amount has the meaning set forth in Section 2.22.
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Related to Required Escrow Amount

  • Indemnity Escrow Amount means $3,000,000.

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

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

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • 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 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 means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Working Capital Escrow Amount means $2,000,000.

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

  • 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 means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

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

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, 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 means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4: