Common use of Release of Escrow Property Clause in Contracts

Release of Escrow Property. Pursuant to the Escrow Agreement, upon delivery by the Escrow Issuer to the Escrow Agent and the Trustee, not later than the Outside Date, of an officer’s certificate (in the form and substance as set forth in the Escrow Agreement) instructing the Escrow Agent to release the Escrowed Property and certifying that the following conditions (collectively, the “Escrow Release Conditions”) have been or, substantially concurrent with the release of the Escrowed Property will be, satisfied:

Appears in 3 contracts

Samples: Indenture (Organon & Co.), Indenture (Organon & Co.), Indenture (Organon & Co.)

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Release of Escrow Property. Pursuant to the Escrow Agreement, upon delivery by the Escrow Issuer to the Escrow Agent and the Trustee, not later than the Outside Date, of an officer’s certificate (in the form and substance as set forth in the Escrow Agreement) instructing the Escrow Agent to release the Escrowed Property and certifying that the following conditions (collectively, the “Escrow Release Conditions”) have been or, substantially concurrent with the release of the Escrowed Property will be, satisfied:

Appears in 1 contract

Samples: Indenture (Healthcare Royalty, Inc.)

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