Escrow Closing. A closing into Escrow (“Escrow Closing”) will take place immediately prior to the Closing (as defined below); provided that each of the conditions precedent to the obligations of the parties to effect the Closing other than completion of the Matrix Merger are then satisfied or waived by the applicable party. At the Escrow Closing, the parties will deliver or cause to be delivered into escrow with the Corporate Secretary of Parent (“Escrow Agent”) the documents described in Section 8.04 below. The parties may agree in writing on another date, time or place for the Escrow Closing.
Appears in 5 contracts
Samples: Agreement and Plan of Exchange (Royale Energy, Inc.), Agreement and Plan of Exchange (Royale Energy, Inc.), Preferred Exchange Agreement (Royale Energy, Inc.)
