Examples of Working Capital Escrow Shares in a sentence
The Working Capital Escrow Amount shall be deposited into the Working Capital Escrow Account in the form of the Working Capital Escrow Shares.
Section 2.01(a) Working Capital Escrow Shares...................................................
If the Purchaser fails to deliver to the Sellers the statement of Closing Date Working Capital within such sixty (60) day period, the Escrow Agent shall automatically and without further instructions deliver to the Sellers the Working Capital Escrow Shares.
The Escrow Agent shall retain (x) LTIP Escrow Shares for the purposes of securing the Parties’ obligations under Section 5.17 and the second proviso of Section 2.7(b)(i)(A) and (y) Working Capital Escrow Shares for the purposes of securing the Parties’ obligations under Section 2.7. The Escrow Agreement shall provide for the distribution by the Escrow Agent of the LTIP Escrow Shares and the Working Capital Escrow Shares in accordance with the terms of this Agreement (and the Escrow Agreement).
Unless and until the Escrow Agent receives the certificates representing additional shares of Parent Common Stock or other property, the Escrow Agent may assume without inquiry that no such stock or other property has been or is required to be issued with respect to Working Capital Escrow Shares or Indemnity Escrow Shares.
No. of shares of Parent Common Stock that are Securities for purposes of this Agreement and that are to be received or receivable by the undersigned as of the Closing (which, solely in the case of Pace, includes all of the the Indemnity Escrow Shares and all of the Working Capital Escrow Shares): shares of Parent Common Stock Yours truly, By: Name: Date: Acknowledged and Agreed: BLACKBOARD INC.
In connection with any release of Working Capital Escrow Shares or Indemnity Escrow Shares from the Escrow Account, Parent and the Escrow Agent shall be permitted to “round down” or to follow such other rounding procedures as Parent reasonably determines to be appropriate in order to avoid retaining any fractional shares in the Escrow Account and in order to avoid releasing any fractional shares from the Escrow Account.