Tax Indemnity Escrow Amount definition

Tax Indemnity Escrow Amount means $100,000 (One Hundred Thousand U.S. Dollars).

Tax Indemnity Escrow Amount means an amount equal to $3,000,000, comprised of (i) an amount in cash equal to

Tax Indemnity Escrow Amount means an amount equal to $450,000 held by Purchaser in accordance with Appendix B. “Tax Proceeding” means any audit, examination, investigation or other proceedings with respect to Taxes imposed on or with

Examples of Tax Indemnity Escrow Amount in a sentence

• Funds with respect to the Limited Tax Indemnity Escrow Amount shall be released from the applicable segregated escrow account in accordance with the terms and conditions and used for the purposes set forth in the Escrow Agreement.

• Buyer’s Indemnified Parties shall be required to recover indemnifiable Losses pursuant to this Section 7.7: (a) first from the Limited Tax Indemnity Escrow Amount (up to the remaining balance of the Limited Tax Indemnity Escrow Amount while held pursuant to the Escrow Agreement); and(b) thereafter by proceeding directly against Futura Corp.

• The indemnification under this Section 7.7 shall survive until thirty(30) days after the expiration of the applicable statute of limitations (including extensions thereof), regardless of whether the Limited Tax Indemnity Escrow Amount has been reduced to zero (0) prior to such date.

• This grant will provide program expansion and public relations, develop effective data collection and program evaluation, and lay the framework for Teacher Cadet program operations statewide.

• Buyer’s Indemnified Parties shall be required to recover indemnifiable Losses pursuant to this Section 7.7: (a) first from the Limited Tax Indemnity Escrow Amount (up to the remaining balance of the Limited Tax Indemnity Escrow Amount while held pursuant to the Escrow Agreement); and (b) thereafter by proceeding directly against Futura Corp.

• Parent shall be treated as the owner of the Adjustment Escrow Account, the Indemnity Escrow Account and the Tax Indemnity Escrow Amount for income Tax purposes until such amounts are released.

• If such replacement occurs prior to the Closing, Sellers and Purchaser shall amend this Agreement to provide that the Special Tax Indemnity Escrow Amount (or portion thereof that has been replaced) is not deducted from the consideration to be paid to SOG pursuant to Section 2.2(a)(i), to delete (or modify) Section 2.2(a)(v) and to make all other appropriate amendments hereto.

• On the Closing Date, the Purchaser shall deliver, by wire transfer of immediately available funds, to the Escrow Agent for deposit into separate escrow accounts (the “Indemnity Escrow Account,” the “A djustment Escrow Account” andthe “Tax Indemnity Escrow Account,” collectively the “Escrow Accounts”) established pursuant to the terms of the Escrow Agreement (i) the Indemnity Escrow Amount, (ii) the Adjustment Escrow Amount and (iii) the Tax Indemnity Escrow Amount, as applicable.

• If such replacement occurs after the Closing, Sellers and Purchaser shall execute a joint instruction to the Escrow Agent directing disbursement to Northland Fuel of the PURCHASE AGREEMENT (YFC/SOG) EXECUTION VERSION Special Tax Indemnity Escrow Amount (or portion thereof that has been replaced), together with all interest accrued thereon.

• The indemnification under this Section 7.7 shall survive until thirty (30) days after the expiration of the applicable statute of limitations (including extensions thereof), regardless of whether the Limited Tax Indemnity Escrow Amount has been reduced to zero (0) prior to such date.

More Definitions of Tax Indemnity Escrow Amount

Tax Indemnity Escrow Amount means $700,000. “Tax Indemnity Escrow Retained Amount” has the meaning set forth in Section 10.7(e). 5-18

Tax Indemnity Escrow Amount means $4,800,000.

Tax Indemnity Escrow Amount means an amount equal to $3,000,000, comprised of (i) an amount in cash equal to $1,500,000 or such amount greater than $1,500,000 as determined by the Purchaser in its sole discretion and set forth on the Allocation Statement, (such amount, the “Tax Indemnity Escrow Cash Amount”) and (ii) such number of shares of Class A Common Stock having an aggregate value (based on the 30-day volume-weighted average price per share as of the day prior to the date the Purchaser delivers the Allocation Statement pursuant to Section 3.01(a)) equal to the difference of (A) $3,000,000 minus (B) the Tax Indemnity Escrow Cash Amount (the “Tax Indemnity Escrow Stock Amount”).

Tax Indemnity Escrow Amount means $425,000, as such amount decreases or increases after the Closing in accordance with the Escrow Agreement.

Tax Indemnity Escrow Amount means the dollar amount set forth against such term on Schedule 11.01-A.

Tax Indemnity Escrow Amount means an amount equal to $450,000 held by Purchaser in accordance with Appendix B.