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"section-42", "type": "clause", "offset": [13104, 13115]}], "snippet": "(i) The L/C Issuers, the Term A Lenders and the Revolving Lenders shall not be obligated to make their respective Credit Extensions on the Escrow Release Date, (ii) the Borrower agrees that it shall not direct the Escrow Agent to release the Escrow Account Funds and (iii) the Escrow Release Date shall not occur, until:\n(a) subject in all respects to the final paragraph of this Section 3.3 and the relevant provisions of Section 6.24, the Administrative Agent shall have received each of the following, each of which shall be originals or facsimiles (or delivered by other electronic transmission, including pdf) unless otherwise specified:\n(i) copies of the certificate of formation, certificate of incorporation, certificate of organization, operating agreement, articles of incorporation, memorandum and articles of association and bylaws, as applicable (or comparable organizational documents) of each Loan Party and any amendments thereto, certified in each instance by its Director, Secretary, Assistant Secretary or Chief Financial Officer and, with respect to organizational documents filed with a Governmental Authority, by the applicable Governmental Authority;\n(ii) copies of resolutions of the board of directors, manager or similar governing body of each Loan Party approving and authorizing the execution, delivery and performance of the Loan Documents to which it is a party, together with specimen signatures of the persons authorized to execute such documents on each Loan Party\u2019s behalf, all certified as of the Escrow Release Date in each instance by its Director, Secretary, Assistant Secretary or Chief Financial Officer as being in full force and effect without modification or amendment;\n(iii) copies of the certificates of good standing (if available) for each Loan Party from the office of the secretary of state or other appropriate governmental department or agency of the state of its formation, incorporation or organization, as applicable;\n(iv) the results of a recent Lien search with respect to each Grantor to the extent customary in the applicable jurisdiction and reasonably requested by the Administrative Agent with respect to the Grantors;\n(A) a favorable written opinion (addressed to the Administrative Agent and the Lenders) of \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, special counsel to the Loan Parties and (B) favorable written opinions (addressed to the Administrative Agent and the Lenders) of each of Young \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Stargatt & \u2587\u2587\u2587\u2587\u2587\u2587, LLP, local counsel to the Loan Parties in the state of Delaware, \u2587\u2587\u2587\u2587\u2587 Day, local counsel to the Loan Parties in the state of Texas, and \u2587\u2587\u2587\u2587\u2587\u2587 and Calder, local counsel to the Loan Parties in the Cayman Islands, in each case in form and substance reasonably satisfactory to the Administrative Agent;\n(vi) an executed Solvency Certificate signed on behalf of the Borrower, dated the Escrow Release Date;\n(vii) a Guaranty Supplement, duly executed by the SD Guarantor; provided, that if such guarantee cannot be provided as a condition precedent solely because the directors of the SD Guarantor have not authorized such guarantee and the election of new directors to authorize such guarantee has not taken place prior to the Escrow Release Date, such election shall take place and such guarantee shall be provided no later than 5:00 p.m. (New York time) on the Escrow Release Date;\n(viii) the Security Agreement, duly executed by each Grantor, together with:\n(A) the certificates representing the shares of Equity Interests that do not constitute Excluded Equity Interests and that are required to be pledged by any Grantor pursuant to the Security Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof;\n(B) each promissory note (if any) required to be pledged to the Collateral Agent by any Grantor pursuant to the Security Agreement, endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof; and\n(C) proper financing statements in form appropriate for filing under the UCC of all jurisdictions that the Administrative Agent may deem reasonably necessary in order to perfect the Liens created under the Security Agreement, covering the Collateral of the Grantors;\n(ix) the Intellectual Property Security Agreements, duly executed by each Grantor party thereto;\n(x) the Intercreditor Agreement, duly executed and delivered by each party thereto;\n(xi) the Perfection Certificate, duly executed and delivered by the Grantors;\n(xii) a Term A Note and a Revolving Note, in each case executed by the Borrower in favor of each Lender that has requested such a Note at least ten (10) Business Days in advance of the Escrow Release Date; and\n(xiii) the Global Intercompany Note, duly executed by the Borrower and each of its Subsidiaries and any other certificated intercompany note payable to a Grantor and outstanding as of the Escrow Release Date, duly executed by the parties thereto;\n(b) the Specified Representations of the Loan Parties shall be true and correct in all material respects on and as of the Escrow Release Date;\n(c) substantially concurrently with the Escrow Release Date, the \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Acquisition shall be consummated in all material respects in accordance with the terms of the Acquisition Agreement without giving effect to any amendment, change, consent or supplement or waiver of any provisions thereof, that are materially adverse to the interests of the Initial Lenders or the Joint Lead Arrangers in their respective capacities as such without the consent of the Joint Lead Arrangers, such consent not to be unreasonably withheld, delayed or conditioned; it being understood that (i) any increase or decrease in the purchase price shall not be materially adverse to the interests of the Initial Lenders or the Joint Lead Arrangers so long as (x) the granting of any consent under the Acquisition Agreement that is not materially adverse to the Initial Lenders does not otherwise constitute any amendment, change or waiver, (y) any increase in the purchase price is funded with equity and (z) an amount equal to 100% of any reduction price shall be allocated to reduce the aggregate principal amount of the Term Loans (allocated to the Term A Loans, U.S. Term B Loans and/or Euro Term B Loans as agreed by the Joint Lead Arrangers and the Borrower) and the Bridge Facilities (as defined in the Amended and Restated Commitment Letter dated as of November 13, 2015 by and among the Borrower, the Joint Lead Arrangers and the Initial Lenders) on a pro rata basis;\n(d) the Escrow Release Date Refinancing shall have been consummated substantially concurrently with the release of funds from the Escrow Account on the Escrow Release Date;\n(e) since October 21, 2015, there shall not have occurred any Company Material Adverse Effect that is continuing; provided that clause (a) of the definition of Company Material Adverse Effect shall be excluded from such definition for the purposes of determining the satisfaction of this clause (e);\n(f) such of the representations made by, with respect to or on behalf of the Target in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower has (or the Borrower\u2019s applicable Affiliates have) the right to terminate the Borrower\u2019s (or its Affiliate\u2019s) obligations under the Acquisition Agreement (after giving effect to any applicable notice and cure period) (the \u201cSpecified Acquisition Agreement Representations\u201d), shall be true and correct in all material respects;\n(g) concurrently with the release of the funds held in the Escrow Account pursuant to Section 2.17(b)(i), the Borrower shall have instructed the Escrow Agent to pay all fees and expenses required to paid hereunder in connection with the occurrence of the Closing Date and the Escrow Release Date from the funds in the Escrow Account, to the extent invoiced in reasonable detail at least three (3) Business Days before the Closing Date or Escrow Release Date, as applicable (or such later date as the Borrower may reasonably agree); provided that if the Escrow Release Date is not a Business Day, then such fees and expenses shall be transferred out of the Escrow Account on the immediately succeeding Business Day;\n(h) subject in all respects to the final paragraph of this Section 3.3, all other actions not identified in clause (a) above that are necessary to establish that the Collateral Agent (for the benefit of the Secured Parties) will have a perfected Lien (subject only to Permitted Liens) on the Collateral shall have been taken;\n(i) the proceeds of the Senior Secured Notes and the Senior Unsecured Notes shall have been, or shall be substantially concurrently with the Escrow Release Date, released from escrow pursuant to the terms of the Senior Notes Escrow Agreements;\n(j) the Administrative Agent shall have received (A) if the Escrow Release Date shall have occurred on or after September 29, 2016, the audited consolidated balance sheets and related audited consolidated statements of income, comprehensive income, cash flows and shareholders\u2019 equity of the Borrower as of and for the fiscal year ended July 1, 2016, (B) if the Escrow Release Date shall have occurred on or after May 16, 2016, (i) the unaudited consolidated balance sheets and related unaudited statements of income, comprehensive income and cash flows of the Borrower for the fiscal quarter ended April 1, 2016, 2016 and (ii) the unaudited consolidated balance sheets and related statements of operations, comprehensive income and cash flows of the Target for each fiscal quarter of the Target ended after the most recently ended fiscal year of the Target for which financial statements have been provided pursuant to Section 3.2(d)(A)(ii) and ended at least 45 days before the Escrow Release Date (but excluding the fourth quarter of any fiscal year of the Target);\n(k) the Administrative Agent shall have received, no later than 3 Business Days in advance of the Escrow Release Date, all documentation and other information about the Loan Parties as shall have been reasonably requested in writing at least ten (10) Business Days prior to the Escrow Release Date by the Lenders through the Joint Lead Arrangers that is required by regulatory authorities under applicable \u201cknow your customer\u201d and anti-money laundering rules and regulations, including without limitation the Patriot Act; and\n(l) (i) in the case of each Borrowing to be made on the Escrow Release Date, the Administrative Agent shall have received the notice required by Section 2.5 hereof and (ii) in the case of the issuance of any Letter of Credit to be issued on the Escrow Release Date, the L/C Issuers shall have received a duly completed Application. For purposes of determining compliance with the conditions specified in this Section 3.3, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the proposed Escrow Release Date specifying its objection thereto in reasonable detail. The Administrative Agent shall promptly notify the Lenders and the Borrower in writing of the occurrence of the Escrow Release Date and such notification shall be conclusive and binding. Notwithstanding anything to the contrary in this Section 3.3, this Agreement or any other Loan Document, to the extent any security interest in the Collateral (other than any Collateral of the Grantors the security interest in which may be perfected by the filing of a UCC financing statement or the delivery of certificates evidencing equity interests of any material wholly-owned domestic Restricted Subsidiary of the Borrower (except that stock certificates and the accompanying stock power or instrument of the Target\u2019s subsidiaries shall only be required to be delivered on the Escrow Release Date to the extent received from the Target after the Borrower\u2019s use of commercially reasonable efforts to obtain the same)) is not or cannot be provided and/or perfected on the Escrow Release Date after the Borrower\u2019s use of commercially reasonable efforts to do so without undue burden or expense, then the provision and/or perfection of such security interest shall not constitute a condition precedent under this Section 3.3 on the Escrow Release Date but shall be required to be delivered after the Escrow Release Date pursuant to arrangements to be mutually agreed by the Administrative Agent and the Borrower acting reasonably and not later than 90 days (subject to extensions as may be reasonably agreed to by the Administrative Agent in its sole discretion) after the Escrow Release Date (it being understood that in all instances Mortgages need only be delivered within the period specified in Section 4.2 below).", "size": 5, "hash": "b29daf0f4d64c67313f2387deff5fa2c", "id": 1}, {"samples": [{"hash": "9mizzqYCmk8", "uri": "/contracts/9mizzqYCmk8#escrow-release-date", "label": "Escrow Agreement (HCNB Bancorp Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "qualifying-subscriptions", "type": "definition", "offset": [0, 24]}, {"key": "by-the-corporation", "type": "clause", "offset": [127, 145]}, {"key": "at-any-time", "type": "clause", "offset": [151, 162]}, {"key": "the-escrow-period", "type": "clause", "offset": [191, 208]}, {"key": "the-escrow-agent", "type": "clause", "offset": [323, 339]}, {"key": "business-day", "type": "definition", "offset": [445, 457]}, {"key": "in-advance", "type": "clause", "offset": [458, 468]}, {"key": "release-of-funds", "type": "clause", "offset": [526, 542]}, {"key": "the-escrow-account", "type": "clause", "offset": [548, 566]}, {"key": "days-after", "type": "definition", "offset": [672, 682]}, {"key": "the-subscribers", "type": "clause", "offset": [839, 854]}, {"key": "closing-notice", "type": "clause", "offset": [937, 951]}, {"key": "upon-receipt-of-a", "type": "clause", "offset": [1001, 1018]}, {"key": "to-the-corporation", "type": "clause", "offset": [1157, 1175]}, {"key": "interest-earned", "type": "definition", "offset": [1277, 1292]}, {"key": "escrow-agent-shall", "type": "clause", "offset": [1313, 1331]}, {"key": "form-of", "type": "clause", "offset": [1359, 1366]}, {"key": "wire-transfer", "type": "definition", "offset": [1397, 1410]}, {"key": "a-non", "type": "clause", "offset": [1423, 1428]}, {"key": "escrow-deposit-account", "type": "definition", "offset": [1429, 1451]}], "snippet": "Qualifying Subscriptions\" as used herein shall ------------------- mean all subscriptions that have been received and accepted by the Corporation. If, at any time prior to the termination of the Escrow Period, the Corporation has received Qualifying Subscriptions for at least $7,000,000, then the Corporation shall notify the Escrow Agent and by instructions (which may accompany such notice or be provided subsequently) given at least one (1) business day in advance of the date on which the Corporation intends to obtain a release of funds from the Escrow Account (the \"Escrow Release Date\"), shall specify the Escrow Release Date (which must be not more than ten (10) days after the termination of the Escrow Period), the amount of Qualifying Subscriptions accepted by the Corporation as of the Escrow Release Date and the identity of the subscribers whose subscriptions have been accepted as of the Escrow Release Date (the \"Escrow Closing Notice\"). On the Escrow Release Date, the Escrow Agent, upon receipt of a certificate from the Corporation certifying that the Corporation has accepted Qualifying Subscriptions for at least $7,000,000, shall pay to the Corporation the amount specified in the Escrow Closing Notice, and shall additionally pay to the Corporation the interest earned on such amount. The Escrow Agent shall pay the Corporation in the form of the Escrow Agent's check or a wire transfer directly to a non-escrow deposit account (the \"Deposit Account\") established by the Corporation at the Escrow Agent.", "size": 3, "hash": "5f14ff88c1018a71b30ae41ba2f794dd", "id": 2}, {"samples": [{"hash": "lxB44JATRzS", "uri": "/contracts/lxB44JATRzS#escrow-release-date", "label": "Asset Purchase Agreement (Par Pharmaceutical Companies, Inc.)", "score": 21.0, "published": true}, {"hash": "4BmegI7F4F1", "uri": "/contracts/4BmegI7F4F1#escrow-release-date", "label": "Asset Purchase Agreement (Par Pharmaceutical Companies, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "following-the-closing-date", "type": "clause", "offset": [67, 93]}, {"key": "escrow-agent-shall", "type": "clause", "offset": [138, 156]}, {"key": "to-the-seller", "type": "definition", "offset": [166, 179]}, {"key": "amounts-remaining", "type": "clause", "offset": [184, 201]}, {"key": "the-escrow-account", "type": "clause", "offset": [205, 223]}, {"key": "interest-earned", "type": "definition", "offset": [239, 254]}, {"key": "escrow-amount", "type": "definition", "offset": [262, 275]}, {"key": "subject-to", "type": "definition", "offset": [277, 287]}, {"key": "claim-notice", "type": "definition", "offset": [292, 304]}, {"key": "section-10", "type": "definition", "offset": [317, 327]}, {"key": "prior-to", "type": "definition", "offset": [354, 362]}, {"key": "eastern-standard-time", "type": "definition", "offset": [373, 394]}], "snippet": "On the date one day after the date that is twenty-four (24) months following the Closing Date (such date, the \u201cEscrow Release Date\u201d), the Escrow Agent shall disburse to the Seller the amounts remaining in the Escrow Account, including any interest earned on the Escrow Amount, subject to any claim notice pursuant to Section 10.4 delivered to the Seller prior to 5:00 P.M. Eastern Standard Time on the Escrow Release Date (and any subsequent resolution of any disputes as provided in Section 10).", "size": 2, "hash": "6ee081a53c74f7ca587ce6a3e02fcc3c", "id": 3}, {"samples": [{"hash": "lTMck8E67rL", "uri": "/contracts/lTMck8E67rL#escrow-release-date", "label": "Master Royalty and Use Agreement (Clearwire Corp)", "score": 18.0, "published": true}, {"hash": "aB2cvCcRKL9", "uri": "/contracts/aB2cvCcRKL9#escrow-release-date", "label": "Master Royalty and Use Agreement (Clearwire Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "final-escrow-release-date", "type": "definition", "offset": [5, 30]}, {"key": "the-final", "type": "clause", "offset": [56, 65]}, {"key": "a-notice", "type": "definition", "offset": [118, 126]}, {"key": "signed-by", "type": "definition", "offset": [127, 136]}, {"key": "to-escrow-agent", "type": "clause", "offset": [191, 206]}, {"key": "in-accordance-with", "type": "clause", "offset": [207, 225]}, {"key": "section-41", "type": "clause", "offset": [226, 237]}], "snippet": "The \"Final Escrow Release Date\" shall be July 31, 2011. The Final Escrow Release Date may be extended or shortened by a notice signed by Licensees Representatives and Clearwire and delivered to Escrow Agent in accordance with Section 4.1 hereof.", "size": 2, "hash": "0adb580f71110b175c61467dd01a40e5", "id": 4}, {"samples": [{"hash": "kP9ByEKgUl2", "uri": "/contracts/kP9ByEKgUl2#escrow-release-date", "label": "Bridge Loan Agreement (Sonida Senior Living, Inc.)", "score": 37.1889117043, "published": true}, {"hash": "l5ABvW5vFem", "uri": "/contracts/l5ABvW5vFem#escrow-release-date", "label": "Credit Agreement (Sonida Senior Living, Inc.)", "score": 37.0109519958, "published": true}], "snippet_links": [{"key": "escrow-funds", "type": "definition", "offset": [4, 16]}, {"key": "the-escrow-agent", "type": "clause", "offset": [62, 78]}, {"key": "in-accordance-with", "type": "clause", "offset": [79, 97]}, {"key": "the-escrow-agreement", "type": "clause", "offset": [98, 118]}, {"key": "second-merger-effective-time", "type": "definition", "offset": [147, 175]}, {"key": "the-acquisition-agreement", "type": "clause", "offset": [192, 217]}, {"key": "articles-of-second-merger", "type": "definition", "offset": [235, 260]}], "snippet": "The Escrow Funds shall be released from escrow and applied by the Escrow Agent in accordance with the Escrow Agreement upon the occurrence of the \u201cSecond Merger Effective Time\u201d (as defined in the Acquisition Agreement) pursuant to the Articles of Second Merger (as defined in the Acquisition Agreement).", "size": 2, "hash": "7b7bcba41293c83dc8e761d0ed7b64d1", "id": 5}, {"samples": [{"hash": "jQCxrSQgBJh", "uri": "/contracts/jQCxrSQgBJh#escrow-release-date", "label": "Stock Purchase Agreement (Navigant International Inc)", "score": 18.0, "published": true}, {"hash": "7YXW4Pmvc2S", "uri": "/contracts/7YXW4Pmvc2S#escrow-release-date", "label": "Stock Purchase Agreement (Navigant International Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-no-event", "type": "clause", "offset": [83, 94]}, {"key": "business-days", "type": "definition", "offset": [115, 128]}, {"key": "following-the", "type": "definition", "offset": [129, 142]}, {"key": "and-the-shareholder", "type": "clause", "offset": [168, 187]}, {"key": "deliver-to", "type": "definition", "offset": [194, 204]}, {"key": "the-escrow-agent", "type": "clause", "offset": [205, 221]}, {"key": "release-certificate", "type": "definition", "offset": [224, 243]}, {"key": "instructions-to", "type": "definition", "offset": [263, 278]}, {"key": "the-escrow-fund", "type": "clause", "offset": [338, 353]}, {"key": "the-case", "type": "definition", "offset": [358, 366]}, {"key": "funds-in", "type": "definition", "offset": [400, 408]}, {"key": "to-the-extent", "type": "clause", "offset": [450, 463]}, {"key": "amount-of-damages", "type": "clause", "offset": [517, 534]}, {"key": "the-release", "type": "clause", "offset": [555, 566]}, {"key": "relating-to", "type": "definition", "offset": [579, 590]}, {"key": "all-claims", "type": "definition", "offset": [599, 609]}, {"key": "in-good-faith", "type": "clause", "offset": [678, 691]}, {"key": "funds-remaining", "type": "definition", "offset": [725, 740]}, {"key": "allocations-and-distributions", "type": "clause", "offset": [751, 780]}, {"key": "in-clause", "type": "clause", "offset": [794, 803]}], "snippet": "As promptly as possible following ------------------- the Escrow Release Date, but in no event later than five (5) Business Days following the Escrow Release Date, NII and the Shareholder shall deliver to the Escrow Agent a Release Certificate providing delivery instructions to be followed by the Escrow Agent in paying out or retaining the Escrow Fund, as the case may be, as follows: (i) withhold funds in the Escrow Fund in sufficient amount, or to the extent funds are available therefor, to satisfy the maximum amount of Damages estimated by NII in the Release Certificate relating to any and all Claims pending as of the Escrow Release Date (which estimate shall be made in good faith by NII); and (ii) distribute any funds remaining after the allocations and distributions provided for in clause (i) to the Shareholder.", "size": 2, "hash": "ac9c84691758099d543ba1a28ba745db", "id": 6}, {"samples": [{"hash": "fHfS1MNP0Dy", "uri": "/contracts/fHfS1MNP0Dy#escrow-release-date", "label": "Credit Agreement (Dunkin' Brands Group, Inc.)", "score": 22.4291572571, "published": true}], "snippet_links": [{"key": "the-redemption", "type": "clause", "offset": [5, 19]}, {"key": "securitization-notes", "type": "definition", "offset": [36, 56]}, {"key": "securitization-indenture", "type": "definition", "offset": [88, 112]}, {"key": "the-guarantor", "type": "clause", "offset": [138, 151]}, {"key": "charter-amendments", "type": "definition", "offset": [152, 170]}, {"key": "the-escrow", "type": "definition", "offset": [174, 184]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [199, 233]}, {"key": "by-holdings", "type": "clause", "offset": [252, 263]}, {"key": "the-borrower", "type": "definition", "offset": [273, 285]}, {"key": "contained-in", "type": "definition", "offset": [308, 320]}], "snippet": "Upon the redemption of the Existing Securitization Notes, the discharge of the Existing Securitization Indenture and the effectiveness of the Guarantor Charter Amendments on the Escrow Release Date, the representations and warranties that will be made by Holdings, DBI (as the Borrower) and its Subsidiaries contained in this", "size": 2, "hash": "d5a9e7c0c7a09b9493b1e60db8aac877", "id": 7}, {"samples": [{"hash": "2LtGe0h96E2", "uri": "/contracts/2LtGe0h96E2#escrow-release-date", "label": "Servicing Rights Sale and Issuer Transfer Agreement (Nationstar Mortgage Holdings Inc.)", "score": 23.0506496429, "published": true}], "snippet_links": [{"key": "release-date", "type": "clause", "offset": [41, 53]}, {"key": "escrow-agent-shall", "type": "clause", "offset": [61, 79]}, {"key": "to-the-seller", "type": "definition", "offset": [108, 121]}, {"key": "release-of-the-escrow-property", "type": "clause", "offset": [127, 157]}, {"key": "to-seller", "type": "definition", "offset": [158, 167]}, {"key": "timely-payment", "type": "definition", "offset": [230, 244]}, {"key": "by-the-purchaser", "type": "clause", "offset": [249, 265]}, {"key": "the-purchase-price", "type": "clause", "offset": [283, 301]}, {"key": "in-respect-of", "type": "definition", "offset": [302, 315]}, {"key": "group-1-assets", "type": "definition", "offset": [320, 334]}, {"key": "group-3", "type": "definition", "offset": [336, 343]}, {"key": "group-5", "type": "clause", "offset": [352, 359]}, {"key": "group-6", "type": "definition", "offset": [368, 375]}, {"key": "group-8", "type": "definition", "offset": [387, 394]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [506, 526]}, {"key": "by-the-seller", "type": "clause", "offset": [551, 564]}, {"key": "transfer-fees", "type": "clause", "offset": [583, 596]}, {"key": "notwithstanding-the", "type": "definition", "offset": [651, 670]}, {"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [701, 739]}, {"key": "sale-of-the", "type": "clause", "offset": [744, 755]}, {"key": "sale-and-assignment-agreement", "type": "definition", "offset": [874, 903]}, {"key": "effective-as-of-the", "type": "clause", "offset": [913, 932]}, {"key": "closing-date", "type": "definition", "offset": [941, 953]}, {"key": "in-the-event-the", "type": "clause", "offset": [955, 971]}, {"key": "prior-to-the", "type": "clause", "offset": [1115, 1127]}, {"key": "date-due", "type": "definition", "offset": [1152, 1160]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [1241, 1260]}, {"key": "applicable-portion", "type": "definition", "offset": [1300, 1318]}, {"key": "business-day", "type": "definition", "offset": [1366, 1378]}, {"key": "following-the", "type": "definition", "offset": [1379, 1392]}], "snippet": "On January 3, 2012 (the \u201cEscrow Property Release Date\u201d), the Escrow Agent shall release the Escrow Property to the Seller. The release of the Escrow Property to Seller on the Escrow Property Release Date shall constitute full and timely payment (1) by the Purchaser to the Seller of the Purchase Price in respect of the Group 1 Assets, Group 3 Assets, Group 5 Assets, Group 6 Assets and Group 8 Assets and the Participations Purchase Price in respect of the Participations to be purchased by the Purchaser pursuant to Sections 2.01(c) and (d) and (2) by the Seller in respect of the Transfer Fees in respect the Group 3 Assets and the Group 5 Assets. Notwithstanding the Escrow Property Release Date, the Parties acknowledge and agree that the sale of the Group 1 Assets, Group 3 Assets, Group 5 Assets, Group 6 Assets and Group 8 Assets as described in the related \u2587\u2587\u2587\u2587 of Sale and Assignment Agreement shall be effective as of the related Closing Date. In the event the related Closing Date in respect of the Group 1 Assets, Group 3 Assets, Group 5 Assets, Group 6 Assets or Group 8 Assets has not occurred on or prior to the Escrow Property Release Date due to the nonsatisfaction of a condition set forth in Section 2.08, the Seller and the Purchaser shall direct the Escrow Agent to release the applicable portion of the Escrow Property to the Purchaser on the Business Day following the Escrow Property Release Date.", "size": 2, "hash": "aa6d070f1d0e5686fa3be28e4e7678e7", "id": 8}, {"samples": [{"hash": "eKiotpSciUC", "uri": "/contracts/eKiotpSciUC#escrow-release-date", "label": "Share Purchase Agreement (Micron Technology Inc)", "score": 21.2683086395, "published": true}], "snippet_links": [{"key": "escrow-agent-shall", "type": "clause", "offset": [32, 50]}, {"key": "deliver-to", "type": "definition", "offset": [51, 61]}, {"key": "each-seller", "type": "clause", "offset": [62, 73]}, {"key": "number-of", "type": "clause", "offset": [78, 87]}, {"key": "escrow-shares", "type": "clause", "offset": [95, 108]}, {"key": "other-assets", "type": "definition", "offset": [127, 139]}, {"key": "indemnity-escrow-fund", "type": "definition", "offset": [161, 182]}, {"key": "the-account", "type": "clause", "offset": [187, 198]}, {"key": "to-receive", "type": "definition", "offset": [239, 249]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [305, 328]}, {"key": "the-escrow-agreement", "type": "clause", "offset": [333, 353]}, {"key": "delivery-of", "type": "clause", "offset": [361, 372]}, {"key": "transfer-to", "type": "clause", "offset": [416, 427]}, {"key": "in-writing", "type": "clause", "offset": [465, 475]}, {"key": "prior-to-the", "type": "clause", "offset": [529, 541]}], "snippet": "At the Escrow Release Date, the Escrow Agent shall deliver to each Seller the number of Micron Escrow Shares, and the cash and other assets (if any) held in the Indemnity Escrow Fund for the account of such Seller, such Seller is entitled to receive at the Escrow Release Date pursuant and subject to the terms of this Agreement and the Escrow Agreement, which delivery of Micron Escrow Shares will be by book entry transfer to an account designated by such Seller in writing to the Escrow Agent at least three (3) Business Days prior to the Escrow Release Date.", "size": 1, "hash": "bc86aa3e0d2cdc77ebc233e5d3efa97d", "id": 9}, {"samples": [{"hash": "4QNy8djTG5c", "uri": "/contracts/4QNy8djTG5c#escrow-release-date", "label": "Escrow Agreement (Stein Avy H)", "score": 16.0, "published": true}], "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}, {"key": "the-conditions", "type": "clause", "offset": [119, 133]}, {"key": "in-good-faith", "type": "clause", "offset": [225, 238]}, {"key": "sole-discretion", "type": "definition", "offset": [281, 296]}, {"key": "in-section-3", "type": "clause", "offset": [344, 356]}, {"key": "by-the-purchaser", "type": "clause", "offset": [438, 454]}], "snippet": "The term \"Escrow Release Date\" shall mean ------------------- ------------------- the earlier of (i) the date on which the conditions set forth in both Section ------- 3(a) and Section 3(c) have been satisfied (as determined in good faith by the ---- ------------ Purchaser in its sole discretion), (ii) the date on which any of the conditions in Section 3 shall become incapable of being satisfied (as determined in good --------- faith by the Purchaser in its sole discretion) and (iii) May 16, 1997.", "size": 1, "hash": "76c62acdcf67dd81842bb0effd35213b", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihxlc2Nyb3ctcmVsZWFzZS1kYXRlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["notices-and-other-communications-facsimile-copies", "Notices and Other Communications Facsimile Copies"], ["marshalling-payments-set-aside", "Marshalling; Payments Set Aside"], ["governing-law", "Governing Law"], ["rights-as-a-lender", "Rights as a Lender"]], "title": "Escrow Release Date", "size": 33, "parents": [["conditions-precedent", "Conditions Precedent"], ["indemnification", "Indemnification"], ["claims-against-the-escrow-fund-termination-of-escrow", "Claims Against the Escrow Fund Termination of Escrow"], ["publicity", "PUBLICITY"], ["escrow", "Escrow"]], "id": "escrow-release-date", "related": [["release-of-do-lock-up-period", "Release of D&O Lock-up Period", "Release of D&O Lock-up Period"], ["release-from-escrow", "Release from Escrow", "Release from Escrow"], ["escrow-closing", "Escrow Closing", "Escrow Closing"], ["release-of-pre-closing-claims", "Release of Pre-Closing Claims", "Release of Pre-Closing Claims"], ["release-of-escrow-funds", "Release of Escrow Funds", "Release of Escrow Funds"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Escrow Release Date clause defines the specific date or conditions under which funds or assets held in escrow will be released to the appropriate party. Typically, this clause outlines the requirements that must be met\u2014such as the completion of certain contractual obligations, delivery of goods, or passage of a set period\u2014before the escrow agent is authorized to disburse the escrowed funds. By clearly establishing when and how the release occurs, this clause ensures both parties understand the process and timing, thereby reducing disputes and providing security for the transaction."}, "json": true, "cursor": ""}}