Common use of Release of Escrowed Property Clause in Contracts

Release of Escrowed Property. (a) If at any time prior to the occurrence of a Special Mandatory Redemption Event, the Escrow Agent receives a Release Request from the Escrow Issuer, no later than 1 p.m. Eastern Time on the Business Day prior to the Escrow Release Date (which shall be a Business Day) specified in such Release Request, the Escrow Agent will release the Escrowed Property then held by it to or for the account or at the direction of the Escrow Issuer, in each case in an amount and pursuant to the written direction to the Escrow Agent as set forth in such Release Request.

Release of Escrowed Property. (a) If at any time prior to the occurrence of a Special Mandatory Redemption EventEscrow End Date, the Escrow Agent receives and the Escrow Administrative Agent receive a Release Request from and the Escrow IssuerAdministrative Agent’s written approval of such Release Request, no later than 1 p.m. Eastern Time on the Business Day prior to the Escrow Release Date (which shall be a Business Day) specified in such Release Requestrelease, then the Escrow Agent will release the Escrowed Property then held by it to or for the account or at the direction of the Escrow IssuerBorrower, in each case in an amount and pursuant to the written direction to the Escrow Agent as set forth in such Release Request.

Release of Escrowed Property. (a) If at any time prior to the occurrence of a Special Mandatory Redemption Event, the Escrow Agent receives a Release Request from the Escrow Issuer, no later than 1 p.m. Eastern Time on the Business Day prior to the Escrow Release Date (which shall be a Business Day) specified in such Release Requestrelease, the Escrow Agent will release the Escrowed Property then held by it to or for the account or at the direction of the Escrow Issuer, in each case in an amount and pursuant to the written direction to the Escrow Agent as set forth in such Release Request.

Release of Escrowed Property. (a) If at any time prior to the occurrence of a Special Mandatory Redemption Event, the Escrow Agent receives a Release Request from the Escrow Issuer, no later than 1 p.m. Eastern Time on the two Business Day Days prior to the Escrow Release Date release date (which shall be a Business Day) specified in such Release Request, the Escrow Agent will release the Escrowed Property then held by it to or for the account or at the direction of the Escrow Issuer, in each case in an amount and pursuant to the written direction to the Escrow Agent as set forth in such Release Request.