Total Escrow Amount definition

Total Escrow Amount means the Indemnity Escrow Amount plus the Working Capital Escrow Amount.

Total Escrow Amount has the meaning assigned to it in Section 2.4(b).

Total Escrow Amount means the sum of the Disputed Claim Escrow Amount and the Lower Distribution Escrow Amount, or $12,140,034.72.

Examples of Total Escrow Amount in a sentence

• 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.

• 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.

• In the event that the Sellers’ Representative has consented to any such settlement, the Company Shareholders shall have no power or authority to object under any provision of this Article 12 to the amount of any Third Party Claim by the Buyer against the Total Escrow Amount or the Company Shareholders, with respect to such settlement.

• The portion of the Total Escrow Amount that the Buyer shall distribute to the Company Shareholders on the Escrow Distribution Date shall be the cash, if any, comprising the Total Escrow Amount following all reductions for aggregate Losses suffered by Indemnified Parties pursuant to Section 12.2 hereof prior to the Escrow Distribution Date.

• Notwithstanding the foregoing, a vacancy in the position of Shareholder Representative may be filled by the holders of a majority in interest of the Total Escrow Amount.

More Definitions of Total Escrow Amount

Total Escrow Amount means the ADCO Amount and the Escrow Amount (or $40 million).

Total Escrow Amount is the sum of the Indemnification Escrow Amount and the Purchase Price Escrow Amount.

Total Escrow Amount means the aggregate amount of the General Escrow Amount plus the Tax Escrow Amount, which at the Completion Date shall be the aggregate of (i) $10,000,000 and (ii) £17,820,000;

Total Escrow Amount means (i) the Escrow Amount plus (ii) the amount of the Expense Reserve Account.

Total Escrow Amount shall have the meaning set forth in Section 1.5(d).

Total Escrow Amount means an amount in cash equal to $7,000,000.

Total Escrow Amount means an amount equal to fifteen percent (15%) of the difference between: (i) the Total Cash Amount (or Eighteen Million Six Hundred Thousand Dollars ($18,600,000) if greater than the Total Cash Amount) less (ii) the sum of the Debt Payoff Amount; provided, however, that if the Total Cash Amount is less than Eighteen Million Six Hundred Thousand Dollars ($18,600,000), for purposes of this definition, the term “Total Cash Amount” shall be replaced by Eighteen Million Six Hundred Thousand Dollars ($18,600,000).