Common use of Distribution of Escrowed Property Clause in Contracts

Distribution of Escrowed Property. Unless a notice under Section 1.02(b) has been given and Escrowed Property in satisfaction of such notice has not been delivered to FGC, either because the 20-day period has not yet run out or because a dispute relating to the claim made by such notice is then pending, the Escrowed Property or such portion of it as at the time remains in

Appears in 1 contract

Samples: Escrow Agreement (Family Golf Centers Inc)

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Distribution of Escrowed Property. Unless a notice under Section 1.02(b1.02(a) has been given and Escrowed Property in satisfaction of such notice has not been delivered to FGC, either because the 20-day period has not yet run out or because a dispute relating to the claim made by such notice is then pending, the Escrowed Property or such portion of it as at the time remains inin escrow, together with all dividends and distributions received by the Escrow Agent with respect thereto, shall be returned to the Selling Stockholders on the first anniversary of the Closing Date.

Appears in 1 contract

Samples: Escrow Agreement (Family Golf Centers Inc)

Distribution of Escrowed Property. Unless a notice under Section 1.02(b) has been given and Escrowed Property in satisfaction of such notice has not been delivered to FGC, either because the 20-day period has not yet run out or because a dispute relating to the claim made by such notice is then pending, the Escrowed Property or such portion of it as at the time remains inin escrow, together with all dividends and distributions received by the Escrow Agent with respect thereto, shall be returned to Assignor on June 30, 1998.

Appears in 1 contract

Samples: Escrow Agreement (Family Golf Centers Inc)

Distribution of Escrowed Property. Unless a notice under Section 1.02(b) has been given and Escrowed Property in satisfaction of such notice has not been delivered to FGC, either because the 20-day period has not yet run out or because a dispute relating to the claim made by such notice is then pending, the Escrowed Property or such portion of it as at the time remains inin escrow, together with all dividends and distributions received by the Escrow Agent with respect thereto, shall be returned to the Seller six months from the date of Closing.

Appears in 1 contract

Samples: Indemnity Escrow Agreement (Family Golf Centers Inc)

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Distribution of Escrowed Property. Unless a notice under Section 1.02(b) has been given and Escrowed Property in satisfaction of such notice has not been delivered to FGC, either because the 20-day period has not yet run out or because a dispute relating to the claim made by such notice is then pending, the Escrowed Property or such portion of it as at the time remains inin escrow, together with all dividends and distributions received by the Escrow Agent with respect thereto, shall be returned to the Seller on December 30, 1998.

Appears in 1 contract

Samples: Escrow Agreement (Family Golf Centers Inc)

Distribution of Escrowed Property. Unless a notice under Section 1.02(b1.02(a) has been given and Escrowed Property in satisfaction of such notice has not been delivered to FGC, either because the 20-day period has not yet run out or because a dispute relating to the claim made by such notice is then pending, the Escrowed Property or such portion of it as at the time remains inin escrow, together with all dividends and distributions received by the Escrow Agent with respect thereto, shall be returned to the Seller on September 30,

Appears in 1 contract

Samples: Escrow Agreement (Family Golf Centers Inc)

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