Deposit Fund. Upon termination of this Agreement, the Deposit Fund shall be disbursed as follows and in accordance with the terms and conditions of the Escrow Agreement: (i) if this Agreement is terminated pursuant to Section 13.1(i), Section 13.1(iii) or Section 13.1(vi), the Parties agree to instruct Escrow Agent to release the entire amount of the Deposit Fund to Purchaser; (ii) if this Agreement is terminated by Purchaser pursuant to Section 13.1(vii) on or before the Due Diligence Date, the Parties agree to instruct Escrow Agent to release one-half of the amount of the Deposit Fund to Purchaser and the balance of the Deposit Fund to Seller; and (iii) if this Agreement is terminated pursuant to Section 13.1(ii), Section 13.1(iv) or Section 13.1(v), the Parties agree to instruct Escrow Agent to release the entire amount of the Deposit Fund to Seller.
Appears in 7 contracts
Samples: Asset Purchase Agreement (Balanced Care Corp), Asset Purchase Agreement (Balanced Care Corp), Asset Purchase Agreement (Balanced Care Corp)
