Release of Escrowed Property. The Escrow Agreement provides that subject to the terms and conditions set forth therein, the Escrow Agent will liquidate all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property to the Company or to such other Person as the Company directs in accordance with the terms of the Escrow Agreement.
Appears in 4 contracts
Samples: First Supplemental Indenture (XPO Logistics, Inc.), First Supplemental Indenture (RXO, Inc.), First Supplemental Indenture (GXO Logistics, Inc.)
Release of Escrowed Property. The Upon the receipt by the Trustee and the Escrow Agent of an Escrow Release Officer’s Certificate in accordance with the Escrow Agreement, the Escrow Agreement provides that subject to the terms and conditions set forth therein, the Escrow Agent will liquidate cause the liquidation of all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property to or on the order of the Company or to such other Person as on the Company directs Release Date in accordance with the terms of the Escrow Agreement.
Appears in 1 contract
Samples: Indenture (XPO Logistics, Inc.)
Release of Escrowed Property. The Upon the satisfaction of the Escrow Conditions, the Escrow Agreement provides that subject to the terms and conditions set forth therein, the Escrow Agent will liquidate cause the liquidation of all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property to or on the Company or to such other Person order of the Issuer on the Release Date (as defined in the Company directs Escrow Agreement) in accordance with the terms of the Escrow Agreement.
Appears in 1 contract
Samples: Indenture (Delphi Technologies PLC)
