Supplemental Escrow Amount definition

Supplemental Escrow Amount means an amount equal to [*].
Sample 1
Supplemental Escrow Amount means (a) the 2015 Milestone Payment and/or (b) up to $6,000,000 of the Accelerated Payment, as provided in Section 2.08, to be deposited with the Escrow Agent and held in escrow pursuant to the Supplemental Escrow Agreement.
Sample 1
Supplemental Escrow Amount shall have the meaning specified in Section 1.10(b) of the Agreement.
Sample 1

Examples of Supplemental Escrow Amount in a sentence

  • Escrow Agent shall invest the East Chicago Supplemental Escrow Amount in an interest bearing account at a bank reasonably acceptable to Buyer and Seller, with interest on the East Chicago Supplemental Escrow Amount reported under the United States Taxpayer Identification Number of Seller.

  • By its execution of this Agreement, Escrow Agent acknowledges receipt of the funds in an amount equal to the Escrow Amount and East Chicago Supplemental Escrow Amount (collectively, the "Escrowed Funds").

  • The East Chicago Supplemental Escrow Amount shall only be used in connection with the Remediation of TPH, free product, PCBs, chlorinated solvents and chromium if and to the extent required by IDEM.

  • If (i) IDEM does not require Remediation of TPH, free product, PCBs, chlorinated solvents or chromium at the East Chicago Site in order to issue a Certificate of Completion, and (ii) the Governor of Indiana does not require Remediation of TPH, free product, PCBs, chlorinated solvents or chromium at the East Chicago Site in order to issue a Covenant Not to Sue, the East Chicago Supplemental Escrow Amount shall be promxxxy released to Seller.

  • Seller has also deposited with Escrow Agent an amount equal to ONE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($1,250,000.00) (the "East Chicago Supplemental Escrow Amount") to pay for any Remediation of TPH, free product, PCBs, chlorinated solvents and chromium if and to the extent required by IDEM at the East Chicago Site in order to obtain a Certificate of Completion issued by IDEM and a Covenant Not to Sue issued by the Governor of Indiana, respectively.

  • Any portion of the Supplemental Escrow Amount that remains in the Escrow Fund on the Expiration Date shall be delivered to the Acquiror within five (5) days after the Expiration Date in accordance with the Escrow Agreement.

  • Notwithstanding the foregoing, to the extent that the Supplemental Escrow Amount is deposited in the Escrow Account in accordance with Section 3.2(b)(iv), any amounts remaining of the Supplemental Escrow Funds shall be released from the Escrow Account prior to the expiration of the Escrow Period no later than 5:00 p.m. Pacific time on the third (3rd) Business Day following the occurrence of a Release Event.

  • Each Shareholder shall be deemed to have contributed his or her Pro Rata Portion of the Escrow Amount (including the Supplemental Escrow Amount) to the Escrow Fund, rounded to the nearest cent (with amounts greater than or equal to $0.005 rounded up) in the case of portions of the Escrow Fund comprising of cash and rounded down to the nearest whole share for portions of the Escrow Fund comprising of Parent Common Stock.

  • If (i) IDEM does not require Remediation of TPH, free product, PCBs, chlorinated solvents or chromium at the East Chicago Site in order to issue a Certificate of Completion, and (ii) the Governor of Indiana does not require Remediation of TPH, free product, PCBs, chlorinated solvents or chromium at the East Chicago Site in order to issue a Covenant Not to Xxx, the East Chicago Supplemental Escrow Amount shall be promptly released to Seller.

  • The first section speaks about language trasfer, and the second one highlights the use of English articles.


More Definitions of Supplemental Escrow Amount

Supplemental Escrow Amount has the meaning set forth in Schedule 9.1.
Sample 1
Supplemental Escrow Amount means the aggregate sum of the Impaired Benefits, to be deposited with the Escrow Agent and held in escrow pursuant to the Escrow Agreement.
Sample 1

Related to Supplemental Escrow Amount

  • Adjustment Escrow Amount means $2,000,000.

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

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

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

  • 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 Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Purchase Price Adjustment Escrow Amount means $1,500,000.

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

  • 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.

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

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

  • 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.

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

  • 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.

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

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

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

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

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

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

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

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $4,787,603.48 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

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

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).