Rights Offering Escrow Account definition

Rights Offering Escrow Account means the escrow account established under the Rights Offering Procedures to which Rights Offering Participants are required to fund the subscription price for their Rights Offering Shares.
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Rights Offering Escrow Account means the account where the
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Rights Offering Escrow Account means, collectively, the Backstop Escrow Account and the General Rights Offering Escrow Account established in accordance with Section 2.4.
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Examples of Rights Offering Escrow Account in a sentence

  • On the same day, the Second Priority Noteholders’ portion of the Share Purchase Agreement purchase price will be transferred from the Rights Offering Escrow Account to the Purchase Escrow Account.Share Purchase Agreement and the Liquidity Option Funding.

  • Amounts held in the Rights Offering Escrow Account shall not be used for any purpose other than to release the funds as directed by the Debtors on the Effective Date or as otherwise set forth in the Rights Offering Procedures or in the Plan and, until released in accordance with the foregoing, such amounts shall not be deemed part of the Debtors’ Estates.

  • The funds held in the Backstop Escrow Account and the Rights Offering Escrow Account shall be promptly released to the Investors, and each Investor shall receive from the Backstop Escrow Account and the Rights Offering Escrow Account the cash amount actually funded to the Backstop Escrow Account and the Rights Offering Escrow Account by such Investor promptly following the termination of this Agreement in accordance with its terms.

  • Also prior to the Effective Date, the Backstop Parties will fund the balance of the Primary Rights Offering exercise price into the Rights Offering Escrow Account.

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  • In addition, to the extent that the Rights Offering Amount is less than $30.0 million and such Investor has deposited an amount in either of the Rights Offering Escrow Account or Backstop Escrow Account in excess of its obligations hereunder, such excess shall be promptly released to such Investor.

  • Amounts held in the Rights Offering Escrow Account shall not be encumbered by any Lien, encumbrance, or cash collateral obligation.

  • The Rights Offering Amount in cash shall have been deposited in the Rights Offering Escrow Account and Backstop Escrow Account as the aggregate purchase price for the Rights Offering Common Stock, Backstop Shares, Rights Offering New Second Lien Loans and Backstop New Second Lien Loans, unless the Company agrees that such aggregate amount of cash may be a lesser amount (including pursuant to Section 1(c) in conjunction with the Requisite Investors).

  • Backstop Escrow Account and Rights Offering Escrow Account Investor Funding.

  • Prior to the Effective Date and in accordance with the Rights Offering Escrow Order, the holders of Second Priority Claims (other than the Backstop Parties) which elected to exercise their Primary Rights will fund their portion of the Primary Rights Offering exercise price into the Rights Offering Escrow Account.

Related to Rights Offering Escrow Account

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

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

  • 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.

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

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • 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.

  • 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.

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

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

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

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

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

  • Professional Fee Escrow means an escrow account established and funded pursuant to section 2.6 of the Plan.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

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

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

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

  • Escrow Property has the meaning set forth in the Escrow Agreement.

  • Escrowed Proceeds shall include any interest earned on the amounts held in escrow.

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

  • 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.