Escrow Period; Release of Escrow Fund. The Escrow Fund shall commence on the Closing Date and terminate (the “Escrow Termination Date”) on the date that is 12 months from the Closing Date (the “Escrow Period”), subject to the limitations set forth in this Section 6.5. On the Escrow Termination Date, all assets then remaining in the Escrow Fund shall be released as set forth herein; provided, that assets representing the amount of any claim made pursuant to Section 6.6 or Section 1.7 during the Escrow Period shall be withheld and remain in the Escrow Fund pending resolution of such claim. Any portion of the Escrow Fund at the Escrow Termination Date for which there is no claim pursuant to this Article VI or pursuant to Section 1.7 (the “Remaining Escrow Amount”) shall be promptly delivered by the Escrow Agent in accordance with the terms of the Escrow Agreement to Seller.
Escrow Period; Release of Escrow Fund. The Escrow Fund shall commence on the Closing Date and terminate on the first anniversary of the Closing Date (the "Escrow Period"). On such first anniversary, all shares of Lucent Common Stock then remaining in the Escrow Fund shall be released; provided that the amount of any claim made pursuant to Section 8.5 during the Escrow Period shall be withheld and remain in the Escrow Fund pending resolution of such claim; provided further that the number of shares of Lucent Common Stock in the Escrow Fund which is necessary to satisfy any unsatisfied claims specified in any Lucent Notice theretofore delivered to the Escrow Agent prior to the termination of the Escrow Period with respect to facts and circumstances existing prior to the expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been resolved. Any portion of the Escrow Fund contributed under Section 8.1 (other than shares released to the Supplemental Escrow Agent pursuant to the terms of the Supplemental Escrow Agreement) for which there is no claim pursuant to this Section 8 shall be promptly distributed by the Escrow Agent to the Company Stockholders' Representative for distribution by the Escrow Agent to the Company Stockholders in accordance with each Company Stockholder's percentage of the Escrow Fund as set forth in the Escrow Agreement.
Escrow Period; Release of Escrow Fund. The Escrow Fund shall ------------------------------------- commence on the date hereof and terminate six months from the Closing Date (the "Escrow Period"). On the termination of the Escrow Period, all shares and amounts then remaining in the Escrow Fund shall be released; provided that the amount of any claim, or shares in the value of the amount of any claim, made pursuant to Section 8.5 or Section 8.6(a) during the Escrow Period shall be withheld and remain in the Escrow Fund pending resolution of such claim. Any portion of the Escrow Fund for which there is no claim pursuant to this Section 8 shall be promptly delivered by the Escrow Agent to the Sellers' Representative and shall be distributed to the Sellers in accordance with each Seller's percentage of the Escrow Fund as set forth in the Escrow Agreement.
Escrow Period; Release of Escrow Fund. The Escrow Fund shall commence on the date hereof and terminate on the first anniversary of the Closing Date (the
Escrow Period; Release of Escrow Fund. The Escrow Fund shall be held by the Escrow Agent from the date hereof and until five (5) business days from the delivery of the audited financial statements of the Purchased Business as operated by Xxxx or any of its Affiliates ("NewCo") (the "Escrow Period"). Immediately upon the conclusion of the Escrow Period, the Escrow Agent will disburse from escrow to W2COM or to Xxxx the Escrow Shares in accordance with Sections 3 and 4 below.
Escrow Period; Release of Escrow Fund. (a) The Escrow Shares and Escrow Cash shall be held in escrow for the period commencing on the Effective Time and terminating on the Release Date (the "Escrow Period"), provided, that a portion of the Escrow Fund that, in the reasonable judgment of SportsLine, subject to the objection of the Shareholders' Agent and the subsequent resolution of the matter in the manner provided in Section 12.7, is necessary to satisfy any unsatisfied claims specified in any Officer's Certificate theretofore delivered to the Escrow Agent and the Shareholders' Agent prior to termination of the Escrow Period with respect to Damages incurred or claims made prior to expiration of the Escrow Period, shall remain in the Escrow Fund until such claims have been finally resolved.
Escrow Period; Release of Escrow Fund. The Escrow Fund shall be held by the Escrow Agent from the date hereof and until the eighteen-month anniversary of the date hereof (the "Escrow Period"); provided, however, with respect to three hundred eighty eight six hundred thirty six (388,636) of the Escrow Shares the Escrow Period shall only be until the nine-month anniversary of the date hereof. Immediately upon the conclusion of the Escrow Period (but in any event not later than ten (10) business days following the conclusion of the Escrow Period), the Escrow Agent will disburse from escrow to the Company the Escrow Shares in accordance with Section 5 below.
