Stock Escrow Account definition

Stock Escrow Account means the escrow account provided for in the Stock Escrow Agreement.
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Stock Escrow Account means the account established by the Escrow Agent for purposes of holding a portion of the Stock Consideration (excluding the Indemnity Escrow Shares) pursuant to the terms of the Stock Escrow Agreement.
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Stock Escrow Account means the account maintained by the Escrow Agent in which the number of shares of Series B Preferred Stock and Class B Common Stock that are to be distributed to Class 6 Interest holders, subject to the Equity Reduction, are to be deposited.
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Examples of Stock Escrow Account in a sentence

  • At the Closing, Parent shall deposit or cause to be delivered to Holdings all of the Common Stock Merger Consideration and all of the Series A Merger Consideration with the exception of the Series A Escrow Shares, which Parent shall cause to be deposited into the Stock Escrow Account in accordance with the terms of the Stock Escrow Agreement.

  • Any and all cash earnings and cash dividends on the Stock Consideration held in escrow shall be for the benefit of Parent and any voting rights and other similar rights with respect to the Stock Consideration held in escrow shall be exercisable by Holder, in each case, until such Stock Consideration is released from the Stock Escrow Account or the Indemnity Escrow Account, as applicable.

  • On the date on which the portion of the Stock Consideration held in the Stock Escrow Account is to be released to the Sellers pursuant to and in accordance with the terms of the Stock Escrow Agreement, Parent and Buyer shall cause all such Stock Consideration to be distributed to or at the direction of the Sellers’ Representative.

  • For the avoidance of doubt, the amounts to be deposited into the Stock Escrow Account pursuant to this Section 2.7(b), if any, shall include such additional shares as they relate to the entire Stock Consideration, including the Indemnity Escrow Shares.

  • The Expedia Common Stock Escrow Account will serve as a source of shares of Expedia Common Stock deliverable by Expedia upon (i) the exercise of New IAC Integrated Warrants, and (ii) the conversion of the Ask Jeeves, Inc.

  • Any balance of cash and Escrow Shares in the Stock Escrow Account in excess of $500,000 may be released to the Shareholders upon request and in accordance with Exhibit A hereto.

  • Fifty-Thousand and No/100 Dollars ($50,000.00) of the Asset Purchase Price shall be payable in full by Purchaser at the Closing, by certified check, cashier's check or wire transfer of federal funds, to an Escrow Account ("Rolling Stock Escrow Account") of the Escrow Agent selected by Seller and reasonably satisfactory to Purchaser.

  • If, within such notice period, Computone provides to the Escrow Agent written instructions with respect to the appointment of a successor Escrow Agent and directions for the transfer of the Escrow Shares then held by the Escrow Agent to such successor, the Escrow Agent shall act in accordance with such instructions and promptly transfer the Stock Escrow Account and the Cash Escrow Account to such designated successor.

  • Guide to design and development of health-state utility instrumentation.

  • Within two days after the Cash Escrow Expiration Date, the Escrow Agent shall distribute to the Shareholders as set forth on Exhibit A hereto all of the remaining Escrow Cash and, within ten days after the Stock Escrow Expiration Date, the Escrow Agent shall distribute to the Shareholders as set forth on Exhibit A hereto all remaining Escrow Shares, if any, then being held by the Escrow Agent together with any cash then held in the Stock Escrow Account.


More Definitions of Stock Escrow Account

Stock Escrow Account. (the "Escrow Account"). The Escrow Account shall be administered and distributed in accordance with the terms set forth below. Contemporaneously with the closing of the Offering, the Company shall deposit with the Escrow Agent those assets listed on Exhibit A.
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Stock Escrow Account has the meaning set forth in Section 2(g)(i) above.
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Related to Stock Escrow Account

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

  • 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.

  • 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.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • 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.

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

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

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

  • 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.

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

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

  • 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.

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

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

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

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

  • 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.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

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

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

  • 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 Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.