Examples of Working Capital Escrow Agreement in a sentence
Purchaser and the Escrow Agent having executed and delivered the Escrow Agreement and the Working Capital Escrow Agreement.
If there is a Working Capital Deficit and it is less than $2 million, then an amount equal to the Working Capital Deficit shall be released from the Working Capital Escrow to Purchaser and the balance of the Working Capital Escrow Amount shall be released from the Working Capital Escrow to be distributed to the Company Stockholders in accordance with this Agreement and the Working Capital Escrow Agreement.
On the Closing Date, Ten Million Dollars ($10,000,000) of the Merger Consideration (the “Working Capital Escrow Amount”) shall be deposited by Buyer into the Working Capital Escrow Account and will be released along with any other property in the Working Capital Escrow Account in accordance with the Working Capital Escrow Agreement.
The fees and expenses of the Escrow Agent relating to the Working Capital Escrow Agreement shall be paid 50% by Parent and 50% by the Stockholders and Common Optionholders (and the portion payable by the Stockholders and Common Optionholders shall be paid from the Working Capital Escrow in accordance with the Working Capital Escrow Agreement).
Former Company Stockholders’ Agent, the Escrow Agent and the Company shall have executed and delivered the Escrow Agreement and the Working Capital Escrow Agreement.