Common use of Notification of Escrow Closing Date Clause in Contracts

Notification of Escrow Closing Date. Seller shall deliver to Buyer a certificate (an "Escrow Date Notification Certificate") specifying the Escrow Closing Date (which in no event shall be earlier than the 30th day after the Agreement Date) on which the Escrowed Items are to be delivered to Escrow Agent, such Escrow Date Notification Certificate to be delivered by Seller to Buyer no later than one day prior to such Escrow Closing Date; provided that if the Tender Offer Expiration Date shall not have occurred on or prior to the third Business Day after such Escrow Closing Date, Escrow Agent shall, upon written request from Buyer, return the Escrowed Items to the party which had previously deposited same with Escrow Agent, whereupon Seller shall have the right to deliver a new Escrow Date Notification Certificate to Buyer upon the terms set forth above specifying a new Escrow Closing Date. Seller shall have the right to deliver one or more Escrow Date Notification Certificates upon the terms set forth above until such time as the Tender Offer Expiration Date shall have occurred or, if earlier, such time as this Agreement shall have been terminated pursuant to Section 9.1 hereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Echelon International Corp), Purchase and Sale Agreement (Echelon International Corp)

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Notification of Escrow Closing Date. Seller Transferor shall deliver to Buyer Company a certificate (an "Escrow Date Notification Certificate") specifying the Escrow Closing Date (which in no event shall be earlier than the 30th day after the Agreement Date) on which the Escrowed Items are to be delivered to Escrow Agent, such Escrow Date Notification Certificate to be delivered by Seller Transferor to Buyer Company no later than one day prior to such Escrow Closing Date; provided that if the Tender Offer Expiration Date shall not have occurred on or prior to the third Business Day after such Escrow Closing Date, Escrow Agent shall, upon written request from BuyerCompany, return the Escrowed Items to the party which had previously deposited same with Escrow Agent, whereupon Seller Transferor shall have the right to deliver a new Escrow Date Notification Certificate to Buyer Company upon the terms set forth above specifying a new Escrow Closing Date. Seller Transferor shall have the right to deliver one or more Escrow Date Notification Certificates upon the terms set forth above until such time as the Tender Offer Expiration Date shall have occurred or, if earlier, such time as this Agreement shall have been terminated pursuant to Section 9.1 hereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Echelon International Corp), Subscription Agreement (Echelon International Corp)

Notification of Escrow Closing Date. Seller shall deliver to ----------------------------------- Buyer a certificate (an "Escrow Date Notification Certificate") specifying the ------------------------------------ Escrow Closing Date (which in no event shall be earlier than the 30th day after the Agreement Date) on which the Escrowed Items are to be delivered to Escrow Agent, such Escrow Date Notification Certificate to be delivered by Seller to Buyer no later than one day prior to such Escrow Closing Date; provided that if -------- the Tender Offer Expiration Date shall not have occurred on or prior to the third Business Day after such Escrow Closing Date, Escrow Agent shall, upon written request from Buyer, return the Escrowed Items to the party which had previously deposited same with Escrow Agent, whereupon Seller shall have the right to deliver a new Escrow Date Notification Certificate to Buyer upon the terms set forth above specifying a new Escrow Closing Date. Seller shall have the right to deliver one or more Escrow Date Notification Certificates upon the terms set forth above until such time as the Tender Offer Expiration Date shall have occurred or, if earlier, such time as this Agreement shall have been terminated pursuant to Section 9.1 hereof.. ---

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ein Acquisition Corp)

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Notification of Escrow Closing Date. Seller Transferor shall deliver to Buyer ----------------------------------- Company a certificate (an "Escrow Date Notification Certificate") specifying the ------------------------------------ Escrow Closing Date (which in no event shall be earlier than the 30th day after the Agreement Date) on which the Escrowed Items are to be delivered to Escrow Agent, such Escrow Date Notification Certificate to be delivered by Seller Transferor to Buyer Company no later than one day prior to such Escrow Closing Date; provided that if the Tender Offer Expiration Date shall not have occurred on or prior to the third Business Day after such Escrow Closing Date, Escrow Agent shall, upon written request from BuyerCompany, return the Escrowed Items to the party which had previously deposited same with Escrow Agent, whereupon Seller Transferor shall have the right to deliver a new Escrow Date Notification Certificate to Buyer Company upon the terms set forth above specifying a new Escrow Closing Date. Seller Transferor shall have the right to deliver one or more Escrow Date Notification Certificates upon the terms set forth above until such time as the Tender Offer Expiration Date shall have occurred or, if earlier, such time as this Agreement shall have been terminated pursuant to Section 9.1 hereof.. ---

Appears in 1 contract

Samples: Subscription Agreement (Ein Acquisition Corp)

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