Escrow Distribution definition

Escrow Distribution means the amount of any distribution out of the Escrow Account to the Representative for the benefit of the Securityholders.
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Escrow Distribution means the distribution by the escrow agent, on behalf of the Company, to the stockholders of the Company of the proceeds from the First Asset Sale which have been held in escrow and released pursuant to the terms and conditions of the APA and the ancillary documentation thereto, in one or more distributions, which the parties understand will total $700,000 at the closing of the First Asset Sale.
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Escrow Distribution means the amount of any distribution out of the Escrow Account to the Principals.
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Examples of Escrow Distribution in a sentence

  • Pursuant to the terms of the Escrow Agreement, the Escrow Agent shall hold such Escrow Shares until the earlier of (i) the Escrow Expiration Date and (ii) the date upon which the last Aggregate Escrow Distribution is distributed to KH Partners, the FRF or their permitted assigns pursuant to Section 2.3(c).

  • In the event that any obligor fails to pay the Note in full within ten (10) days of the date of such notice, the Escrow Agent shall offset the amount of the Note (plus any interest or other amounts due thereunder) from the pro rata portion of the Aggregate Escrow Distribution otherwise due such obligor.

  • Section 2.14(b) Escrow Distribution Date...........................

  • Upon the exercise of any XLI Warrant in accordance with the provisions of this Agreement and the Escrow Agreement, and delivery to the Exchange Agent of the exercise price per share therefor, such XLI Warrant shall be converted into Merger Cash and a right to receive Contingent Cash, subject to and in accordance with Section 2.4.2.2 (XLI Warrants), this Section 2.7 (Distributions from Escrow), including, without limitation, Section 2.7.1 (Initial Escrow Distribution), and the Escrow Agreement.

  • The parties intend that the Keystone Litigation Shares will be treated for income tax purposes as having been received on the Closing Date pursuant to the Merger and that the "imputed interest" rules of Section 483 of the Code (or any similar or successor provision thereto) shall not apply to any Aggregate Escrow Distribution.


More Definitions of Escrow Distribution

Escrow Distribution means each distribution of the Escrow Funds pursuant to Section 6.8 (Manner of Payment; Release of Escrow).
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Escrow Distribution shall have the meaning set forth in the recitals hereto.
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Escrow Distribution means any distribution to a Target Stockholder or holder of Options out of the Target Stockholders Representative Escrow Fund pursuant to Exhibit F attached hereto.
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Escrow Distribution as defined in Section 10.4.1.
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Escrow Distribution means the distribution of the Escrow Funds pursuant to Section 8.7.
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Escrow Distribution means, with respect to any Seller, the Distribution Amount multiplied by such Seller’s Pro Rata Portion.
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Escrow Distribution means the aggregate balance remaining in Escrow on the Survival Date less the sum of the total of all then pending and unpaid indemnity claims by Parent Indemnitees. As any pending indemnity claims referenced in the previous sentence are resolved, the Escrow Agent, after making any required payments related to such claims, shall release and deliver to Seller any amounts remaining from the amounts reserved for the released claims. Amounts payable with respect to indemnity claims resolved in favor of Parent Indemnitees shall be satisfied exclusively from the funds held in Escrow and paid to an account designated by Parent. The Escrow Agent shall make all payments due to Seller pursuant to this Section 7.2.10 to an account designated by Seller. Any earnings on the funds in the Escrow, net of escrow expenses, shall be paid to Seller, and Seller shall be responsible for all Taxes on any such earnings.
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