Common use of Letter of Credit Escrow Clause in Contracts

Letter of Credit Escrow. (a) Contemporaneously with the execution of this Escrow Agreement, Purchaser has delivered the Letter of Credit to Escrow Agent, pursuant to the provisions of the Merger Agreement. (b) The Letter of Credit, any proceeds from the Letter of Credit payable by its terms to the Escrow Agent and any interest or income accrued thereon (the "Funds") are referred to herein as the "Escrowed Property". The Escrowed Property shall be held, administered and disposed of by the Escrow Agent in accordance with the terms and conditions hereinafter set forth.

Letter of Credit Escrow. (a) Contemporaneously with the execution of this Escrow Agreement, Purchaser Buyer has delivered the Letter of Credit to the Escrow Agent, pursuant to the provisions of the Merger Purchase Agreement. (b) The Letter of Credit, any proceeds from the Letter of Credit payable by its terms to the Escrow Agent and any interest or income accrued thereon (the "Funds") are referred to herein as the "Escrowed Property". The Escrowed Property shall be held, administered and disposed of by the Escrow Agent in accordance with the terms and conditions hereinafter set forth.

Letter of Credit Escrow. (a) Contemporaneously with the execution of this Escrow Agreement, Purchaser Buyer has delivered the Letter of Credit to Escrow Agent, pursuant to the provisions of the Merger Purchase Agreement. (b) The Letter of Credit, any proceeds from the Letter of Credit payable by its terms to the Escrow Agent and any interest or income accrued thereon (the "Funds") are referred to herein as the "Escrowed Property". The Escrowed Property shall be held, administered and disposed of by the Escrow Agent in accordance with the terms and conditions hereinafter set forth.

Letter of Credit Escrow. (a) Contemporaneously with the execution of this Escrow Agreement, Purchaser has Buyers have delivered the Letter of Credit to Escrow Agent, pursuant to the provisions of the Merger AgreementPurchase Agreements. (b) The Letter of Credit, any proceeds from the Letter of Credit payable by its terms to the Escrow Agent and any interest or income accrued thereon (the "Funds") are referred to herein as the "Escrowed Property". The Escrowed Property shall be held, administered and disposed of by the Escrow Agent in accordance with the terms and conditions hereinafter set forth.