NYL PURCHASE CLOSING Sample Clauses

NYL PURCHASE CLOSING. Upon exercise of the NYL Option and receipt of the first installment ($300,000) of the NYL Purchase Price, the Escrow Agent shall promptly deliver to NYL all of the documents set forth in SECTIONS 4.02(a) AND 4.02(b) hereof. The Escrow Agent shall deliver one original of the General Release and the Mutual Release to each of the RAMCO Group Stockholders, RAMCO and NYL (the "NYL Purchase Closing") and shall forward to the RAMCO Group Stockholders the first installment of the NYL Purchase Price, all in accordance with the provisions of the Escrow Agreement.