Common use of Duration of Deposit Clause in Contracts

Duration of Deposit. I. To the extent not released from escrow under subparts (a), (b), or (c) of subdivision (B)(ii) of Section 5 of this Escrow Agreement (Grounds for a Withdrawal of Escrow Principal) above, the funds shall be released from escrow and revert back to the Company twenty-five (25) years after the Deposit Date. This withdrawal is calculated based upon the Deposit Date, not Sales Year.

Appears in 10 contracts

Samples: Approved Tobacco Escrow Agreement, Approved Tobacco Escrow Agreement, Approved Tobacco Escrow Agreement

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