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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 has the meaning set forth in Section 2(g)(i) above.
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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.

  • 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.

  • 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.

  • 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.

  • Given the network topology of the FCP, the set of mixed-criticality applications, for which we know their communication flows and their routing, we are interested to synthesize the TSN ST communication schedules such that the QoC is maximized and the mixed- criticality application requirements, e.g., deadlines, are sat- isfied.

  • Computone shall not make any claim for Loss or Expense against the Stock Escrow Account or any of the Shareholders after the Stock Escrow Expiration Date or against the Cash Escrow Account after the Cash Escrow Expiration Date.

  • In the event that any such amounts are not paid to the Stockholder Representative, the Stockholder Representative shall be entitled to receive such amounts from the remaining balance in the Stock Escrow Account and Cash Escrow Amount, but only after the termination of the applicable escrow period pursuant to the terms of the Escrow Agreement and satisfaction of any claims made by the Parent Indemnified Group.

  • As a condition to the release of the balance of the Cash Escrow Fund to Seller after the Cash Escrow Termination Date, however, Seller shall deposit into the Seller Stock Escrow Account all of Seller’s remaining Shares unless the Buyer Option has already been exercised by Buyer by such time.

  • The Stock Escrow Account shall be established pursuant to an Escrow Agreement in substantially the form of Exhibit B attached hereto (the "Stock Escrow Agreement"), which shall be entered into among the Purchaser, ICN, Thrucomm, the Shareholders and the Stock Escrow Agent prior to the Mandatory Conversion Event.


More Definitions of Stock Escrow Account

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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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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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 pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • 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 remaining 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 $2,000,000.

  • 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 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.

Most Referenced Clauses

Most Referenced Definitions