Total Escrow Amount definition
Examples of Total Escrow Amount in a sentence
On the Closing Date, Buyer shall pay to each Seller in cash, an amount equal to (i) the product of (A) such Seller’s Pro Rata Share and (B) the Estimated Equity Value, and less (ii) the product of (A) such Seller’s Escrow Share and (B) the sum of (I) the Total Escrow Amount and (II) the Seller Representative Amount.
The Total Escrow Amount shall be held in escrow under the Escrow Agreement and, subject to the terms of the Escrow Agreement each of the Disputed Claim Escrow Amount and the Lower Distribution Escrow Amount shall be (i) released to Assignors, or (ii) returned to Assignee.
At the Closing, notwithstanding anything to the contrary set forth in this Agreement, the Buyer will withhold from each Company Shareholder’s Initial Cash Consideration, such Company Shareholder’s Pro Rata Portion of the Total Escrow Amount.
The Escrow Agent and the Indemnifying Parties shall not be responsible for any investment losses incurred on the Total Escrow Amount.
Immediately following the Effective Time (but in any event on the Closing Date), the Surviving Corporation shall deposit with the Escrow Agent the Total Escrow Amount, which shall be held and disbursed by the Escrow Agent in accordance with the Escrow Agreement.