Common use of Termination and Disbursement Clause in Contracts

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.

Appears in 5 contracts

Samples: Escrow Agreement (Peak International LTD), Escrow Agreement (Peak International LTD), Escrow Agreement (Peak International LTD)

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Termination and Disbursement. Unless earlier terminated by the provisions of the Escrow Agreement, the Escrow Period will terminate on April 15December 24, 20082006. Any Escrow Funds Shares remaining on such date and not subject to a Claim Notice shall be distributed 100% to the Company in accordance with Sellers pursuant to Section 4 of the Escrow Agreement.

Appears in 1 contract

Samples: Retained Share Escrow Agreement (Ace Comm Corp)

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Termination and Disbursement. Unless earlier terminated by the provisions of the Escrow Agreement, the Escrow Period will terminate on April 15July 16, 20082004. Any Escrow Funds remaining on such date shall be distributed 100% according to the Company a Written Instruction in accordance with Section 4 of the Escrow Agreement, and any remaining amounts of the Escrow Funds shall automatically be distributed 100% to Recipient and 0% to Depositor.

Appears in 1 contract

Samples: Escrow Agreement (Artemis International Solutions Corp)

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