Common use of Escrow Termination Clause in Contracts

Escrow Termination. The obligations of the Escrow Agent under this Agreement and the Aleris Increase Joinder Amendment shall terminate automatically on the earlier to occur of (i) the Aleris Incremental Commitment Termination Date (after giving effect to the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)) and (ii) the Aleris Incremental Funding Date (after giving effect to the funding of any Escrowed Amounts on such date pursuant to Section 2.21(f)), and the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)(ii)).

Appears in 3 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

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Escrow Termination. The obligations of the Escrow Agent under this Agreement and the Aleris Increase Joinder Amendment shall terminate automatically on the earlier to occur of (i) the Aleris Incremental Commitment Termination Date (after giving effect to the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)) and (ii) the Aleris Incremental Funding Date (after giving effect to the funding of any Escrowed Amounts on such date pursuant to Section 2.21(f)), and the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)(ii)).

Appears in 2 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

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Escrow Termination. The obligations of the Escrow Agent under this Agreement and the Aleris Increase Joinder Amendment shall terminate automatically on the 168 1060441.101066947.03-CHISR01A - MSW earlier to occur of (i) the Aleris Incremental Commitment Termination Date (after giving effect to the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)) and (ii) the Aleris Incremental Funding Date (after giving effect to the funding of any Escrowed Amounts on such date pursuant to Section 2.21(f)), and the return of any Escrowed Amounts to the Aleris Incremental Term Lenders on such date pursuant to Section 2.21(g)(ii)).

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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