Common use of Term of Escrow Agreement Clause in Contracts

Term of Escrow Agreement. The Escrow Agent shall hold the Incumbent Escrow Deposit until Commissioning and upon Commissioning any remaining funds, together with interest that has accrued and been paid thereon, shall be paid by the Escrow Agent to Incumbent or its designee.

Term of Escrow Agreement. The Escrow Agent shall hold the Incumbent Pathnet Escrow Deposit until Commissioning and upon Commissioning any remaining funds, together with interest that has accrued and been paid thereon, shall be paid by the Escrow Agent to Incumbent Pathnet or its designee.

Term of Escrow Agreement. The Escrow Agent shall hold the Incumbent PathNet Escrow Deposit until Commissioning and upon Commissioning any remaining funds, together with interest that has accrued and been paid thereon, shall be paid by the Escrow Agent to Incumbent PathNet or its designee.