Common use of Conditional Discharges Clause in Contracts

Conditional Discharges. The Conditional Discharge Escrow Agent shall have received the Conditional Discharge Escrow Instructions and the following conditional discharge instrument (the “Conditional Discharge”) duly executed by all parties thereto (other than by EBRD, which will execute the Conditional Discharge at the time and in the manner specified in the Conditional Discharge Escrow Instructions), to be held by the Conditional Discharge Escrow Agent and to be irrevocably released from escrow immediately upon delivery to the Conditional Discharge Escrow Agent of the Existing Loans Repayment Confirmations and the dating of the Conditional Discharge by the Conditional Discharge Escrow Agent: a discharge and release in respect of the Existing Security under, inter alia, the following instruments (each as defined in the Existing NIB Loan Agreement):

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Clearwave N V)

AutoNDA by SimpleDocs

Conditional Discharges. The Conditional Discharge Escrow Agent shall have received the Conditional Discharge Escrow Instructions and the following conditional discharge instrument (the “Conditional Discharge”) duly executed by all parties thereto (other than by EBRDthe Bank, which will execute the Conditional Discharge at the time and in the manner specified in the Conditional Discharge Escrow Instructions), to be held by the Conditional Discharge Escrow Agent and to be irrevocably released from escrow immediately upon delivery to the Conditional Discharge Escrow Agent of the Existing Loans Repayment Confirmations and the dating of the Conditional Discharge by the Conditional Discharge Escrow Agent: a discharge and release in respect of the Existing Security under, inter alia, the following instruments (each as defined in the Existing NIB Bank Loan Agreement):

Appears in 1 contract

Samples: Loan Agreement (Clearwave N V)

AutoNDA by SimpleDocs

Conditional Discharges. The Conditional Discharge Escrow Agent shall have received the Conditional Discharge Escrow Instructions and the following conditional discharge instrument (the “Conditional Discharge”) duly executed by all parties thereto (other than by EBRD, which will execute the Conditional Discharge at the time and in the manner specified in the Conditional Discharge Escrow Instructions), to be held by the Conditional Discharge Escrow Agent and to be irrevocably released from escrow immediately upon delivery to the Conditional Discharge Escrow Agent of the Existing Loans Repayment Confirmations and the dating of the Conditional Discharge by the Conditional Discharge Escrow Agent: a discharge and release in respect of the Existing Security under, inter alia, the following instruments (each as defined in the Existing NIB EDC Loan Agreement):

Appears in 1 contract

Samples: Loan Agreement (Clearwave N V)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!