Common use of Release of Escrow Clause in Contracts

Release of Escrow. (a) Subject to the provisions of Section 4.2, upon the full execution of this agreement and the Escrow Agent’s receipt of any portion of the Purchase Price, the Escrow Agent shall release such portion of Purchase Price to the Seller pursuant to wire instructions provided by the Seller. (b) Notwithstanding the above, upon receipt by the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the Parties, it shall deliver the Purchase Price in accordance with the terms of the Joint Instructions. (c) Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction directing delivery of Purchase Price (a “Court Order”), the Escrow Agent shall deliver the Purchase Price in accordance with such Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.

Release of Escrow. (a) Subject to the provisions of Section 4.2, upon the full execution of this agreement and the Escrow Agent’s receipt of any portion of the Purchase Price, the Escrow Agent shall release such portion the Shares and Purchase Price as follows: (a) On the Closing Date, upon receipt by the Escrow Agent of joint written instructions ("Joint Instructions") signed by the Seller, it shall simultaneously release and deliver the Purchase Price to the Seller pursuant to the wire instructions provided by set forth on Schedule B and the SellerShares to the respective Purchasers. (b) Notwithstanding the above, upon receipt by the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the Parties, it shall deliver the Purchase Price in accordance with the terms of the Joint Instructions. (c) Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-non- appealable judgment, order, decree or award of a court of competent jurisdiction directing delivery of Purchase Price (a “"Court Order”"), the Escrow Agent shall deliver the Shares and the Purchase Price in accordance with such the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.

Release of Escrow. (a) Subject to the provisions of Section 4.2, upon the full execution of this agreement and the Escrow Agent’s receipt of any portion of the Purchase Price4 herein, the Escrow Agent shall release such portion of Purchase Price to the Seller pursuant to wire instructions provided by the Seller.Company Documents, Subscriber Documents and Escrowed Payment in one or more closings as follows: (ba) Notwithstanding the above, upon Upon receipt by the Escrow Agent of joint written instructions (“"Joint Instructions”") signed by the PartiesCompany and the Subscriber, it shall deliver in one or more closings the Purchase Price Company Documents, Subscriber Documents, and Escrowed Payments in accordance with the terms of the Joint Instructions. (cb) Notwithstanding the above, upon Upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction directing delivery of Purchase Price (a “"Court Order”"), the Escrow Agent shall deliver the Purchase Price Company Documents, Subscriber Documents and Escrowed Payments in accordance with such the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.

Release of Escrow. (a) Subject to the provisions of Section 4.2, upon the full execution of this agreement and the Escrow Agent’s receipt of any portion of the Purchase Price, the Escrow Agent shall release such portion the Company Documents and Subscriber Documents as follows: (a) Upon the joint written instructions of the Company and the Subscribers, the Escrow Agent will simultaneously release the Company Documents to the Subscriber and release the Subscription Agreement, and the Purchase Price to or for the Seller pursuant benefit of the Company except that the Legal Fees will be released to wire instructions provided by the SellerSubscribers. (b) Notwithstanding All funds to be delivered to the above, upon receipt Company shall be delivered pursuant to the wire instructions to be provided in writing by the Company to the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the Parties, it shall deliver the Purchase Price in accordance with the terms of the Joint InstructionsAgent. (c) Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction directing delivery of Purchase Price (a “"Court Order”"), the Escrow Agent shall deliver the Purchase Price Company Documents and Subscriber Documents in accordance with such the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.. NEWYORK01 1039157v3 362761-000001

Release of Escrow. (a) Subject to the provisions of Section 4.2, upon the full execution of this agreement and the Escrow Agent’s receipt of any portion of the Purchase Price, the Escrow Agent shall release such portion of Purchase Price the Company Documents and Subscriber Documents as follows: (a) On the Closing Date, the Escrow Agent will simultaneously release the Company Documents to the Seller pursuant Subscriber and release the Subscriber Documents to wire instructions provided by the SellerCompany. (b) Notwithstanding the above, upon receipt by the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the PartiesCompany and the Subscriber, it shall deliver the Purchase Price Company Documents and Subscriber Documents in accordance with the terms of the Joint Instructions. (c) Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction directing delivery of Purchase Price (a “Court Order”), the Escrow Agent shall deliver the Purchase Price Company Documents and Subscriber Documents in accordance with such the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.

Release of Escrow. (a) Subject to the provisions of Section 4.2, upon the full execution of this agreement and the Escrow Agent’s receipt of any portion of the Purchase Price, the Escrow Agent shall release such portion of the Stockholder Documents and Optionee Documents as follows: (a) On each Option Closing, the Escrow Agent will simultaneously release the Purchase Price to Stockholders and the Seller pursuant applicable Stock Certificate with Stock Power endorsed in blank to wire instructions provided by the SellerOptionee. (b) All funds to be delivered to the Stockholders shall be delivered pursuant to the following wire instructions: (c) Notwithstanding the above, upon receipt by the Escrow Agent of joint written instructions (“"Joint Instructions”") signed by the Parties, it shall deliver the Purchase Price Stockholder Documents and Optionee Documents in accordance with the terms of the Joint Instructions. (ce) Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction directing delivery of Purchase Price (a “"Court Order”"), the Escrow Agent shall deliver the Purchase Price Stockholder Documents and Optionee Documents in accordance with such the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.