Termination and Disbursement. In the event there is any termination or failure of the Offering pursuant to Sections 6b or 6c of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the Issuer, pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mail, the amount of each Subscriber’s Cash Investment without interest.
Termination and Disbursement. Unless earlier terminated by the provisions of the Escrow Agreement, the Escrow Period will terminate on April 15, 2008. Any Escrow Funds remaining on such date shall be distributed 100% to the Company in accordance with Section 4 of the Escrow Agreement.
Termination and Disbursement. In the event there is any termination or failure of the offering pursuant to Section 4b of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering Document (select one): ٱ Pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mail, each Subscriber’s share of interest income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis (as defined in the Escrow Agreement). ٱ Pay all monies representing interest and other earnings as soon as practicable by certified or bank check, subject to Section 10 of the Escrow Agreement, to Issuer.
Termination and Disbursement. Unless earlier terminated by the provisions of this Agreement, the Escrow Period will terminate on the date that the Escrow Agent receives a Written Distribution directing the Escrow Agent to disburse all of the Indemnity Holdback Shares then remaining in the Indemnity Escrow Account (the “Termination Date”), subject to the distribution of all of the Indemnity Holdback Shares. Any Indemnity Holdback Shares remaining in the escrow account at such time shall be distributed in accordance with Section 3 of this Agreement and the Written Direction; provided, however, that any earnings thereon shall be distributed in accordance with Section 13(b) of this Agreement. Notwithstanding anything to the contrary herein, this Agreement shall continue in full force and effect so long as any Indemnity Holdback Shares remain deposited with the Escrow Agent and the Escrow Agent shall not distribute any Indemnity Holdback Shares that are the subject of any Escrow Claim Notice unless instructed to distribute such Indemnity Holdback Shares by Written Instruction.
Termination and Disbursement. Unless earlier terminated by the provisions of this Agreement, the Escrow Period will terminate on the date that is 24 months after the date hereof (the “Termination Date”), subject to the distribution of all of the Escrow Assets. Any Escrow Assets remaining in the escrow account on the Termination date shall be returned to the Issuer by the Escrow Agent. Notwithstanding anything to the contrary herein, this Agreement shall continue in full force and effect so long as any Escrow Assets remain deposited with the Escrow Agent and the Escrow Agent shall not distribute any Escrow Assets that are the subject of any Indemnification Claim Notice unless instructed to distribute such Escrow Assets by Written Instruction.
Termination and Disbursement. In the event there is any termination or ------------------------------ failure of the offering pursuant to Sections 4b or 4c of the Escrow ------------ -- Agreement, the Escrow Agent shall, in accordance with the Offering Document (select one): [ ] Pay as soon as practicable to the applicable Subscriber(s), by certified or bank check and by first-class mail, each Subscriber's share of interest income earned on the Escrow Funds, each such share to be calculated on a Pro Rata Basis (as defined in the Escrow Agreement). [ ] Pay all monies representing interest and other earnings as soon as practicable by certified or bank check, subject to Section 10 of the Escrow Agreement, to Issuer.
Termination and Disbursement. In the event there is any termination or failure of the Offering pursuant to Sections 6b or 6c of the Escrow Agreement, the Escrow Agent shall, in accordance with the Offering document and as directed in writing by the Issuer:
Termination and Disbursement. Unless earlier terminated by the provisions of this Agreement, the Escrow Period will terminate on the date that Escrow Agent has disbursed the Escrow Assets in accordance with the terms of a Written Direction (the “Termination Date”). Notwithstanding anything to the contrary herein, this Agreement shall continue in full force and effect so long as any Escrow Assets remain deposited with the Escrow Agent.
Termination and Disbursement. Unless earlier terminated by the provisions of this Agreement, the Escrow Period will terminate on the earlier of the date all of the Escrow Property is released from Escrow, termination of the Underlying Agreement and February 8, 2026 (the “Termination Date”). Depositor and Recipient shall have the right to require return of any Escrow Property remaining in the escrow account on such date by delivering to Escrow Agent a Joint Written Direction, and any Escrow Property remaining in the escrow account at such time shall be distributed in accordance with Section 5 of this Agreement and the Joint Written Direction; provided, however, that any earnings thereon shall be distributed in accordance with Section 13(b) of this Agreement.
Termination and Disbursement. The Escrow Period may only be terminated after delivery of a written direction from the Recipient (“Recipient Written Direction”) to the Escrow Agent with notice provided at least sixty-one (61) days prior to termination; provided, that if Deloitte & Touche LLP (“Deloitte”) is then serving as Depositor’s independent auditor, such Recipient Written Direction may only be delivered after either Recipient or Depositor has obtained written confirmation from Deloitte that such termination would not cause the disqualification of Deloitte from continuing to serve as Sxxxxxxx’x independent auditor; provided, further, that if such termination would, after receipt of written confirmation from Deloitte, cause the disqualification of Deloitte from continuing to serve as Sxxxxxxx’x independent auditor at any time that Deloitte is then serving as the independent auditor, such termination would require a Joint Written Direction. Recipient shall have the right to require return of any Escrow Shares remaining in the escrow account on such date by delivering to the Escrow Agent a Recipient Written Direction, and any Escrow Shares remaining in the escrow account at such time shall be distributed in accordance with Section 4 of this Agreement and the Recipient Written Direction; provided, however, that any earnings thereon shall be distributed in accordance with Section 12(b) of this Agreement.
