Termination of Escrow Account. This Agreement and the Escrow Account will terminate at 5:00 P.M., New York City local time, on the date on which all of the Escrowed Funds contained in the Escrow Account shall be distributed as set forth above.
Termination of Escrow Account. This Agreement and the Escrow Account will terminate at 5:00 P.M., New York City local time, on the date on which all of the shares of FGC Common Stock contained therein shall be distributed as set forth above.
Termination of Escrow Account. The Escrow Account will terminate (and Escrow Agent may close) after the total Settlement Fund is disbursed in accordance with the provisions of the Settlement Agreement and this Escrow Agreement.
Termination of Escrow Account. In the event that OTEC has not received subscriptions for the minimum offering amount by the Termination Date, then OTEC shall instruct the Escrow Agent to return to the subscribers, all funds from the sale of membership units held in the Escrow Account with interest determined on a pro rata basis per subscriber. OTEC may, in its sole discretion, abandon the sale of the membership units at any time prior to the termination of the offering period. Upon the receipt of written instructions from the Chairman of the Board or President of OTEC that the offering is being abandoned, the Escrow Agent shall refund the monies on deposit to the subscribers thereof as provided in this Paragraph 5.
Termination of Escrow Account. (a) Except as hereinafter provided, the Escrow Account shall terminate without further action of parties upon the later of: (i) the date on which the Escrow Agent completes paying out all of the Escrow Account to the recipients, or (ii) nine (9) months from the date hereof, at which time the balance of the Escrow Account shall be distributed to the recipients.
(b) In the event of any dispute or misunderstanding, Escrow Agent shall have the option to pursue any legal remedies that may be available to it, including the right to deposit the subject matter hereof in interpleader in the U.S. District Court having jurisdiction of the subject matter, and upon doing so to be absolved from all further obligations or liability hereunder. Quadriga Superfund agrees to pay to Escrow Agent all costs and expenses, including reasonable attorney’s fees, incurred by Escrow Agent in any interpleader action.
Termination of Escrow Account. When payment or provisions for payment shall have been made with the Trustee, so that all Refunded Certificate Requirements shall be or shall have been paid in full and discharged, the Escrow Bank shall immediately pay over to the City the moneys, if any, then remaining in the Escrow Account and shall make forthwith a final report for the City to the City Manager. Such moneys may be used by the City for any lawful purpose, subject to any limitations in the Lease and Indenture. This Escrow Agreement may be earlier terminated by either party upon 60 days written notice; provided, however, an early termination of this Escrow Agreement by either party shall not be effective until (a) a successor Escrow Bank has been appointed by the City and such appointment accepted and (b) notice has been given to the holders of the Series 2006A Certificates of the appointment of a successor Escrow Bank. Furthermore, the Escrow Bank and the City agree that the effective date of an early termination of this Escrow Agreement shall not occur at any time which would disrupt, delay or otherwise adversely affect the payment of the Refunded Certificate Requirements.
Termination of Escrow Account. This Agreement shall terminate when the Escrow Agent shall have released from the Escrow Account all amounts pursuant to Section 5 hereof.
Termination of Escrow Account. At such time as Western Plains Energy has met the Release Conditions, which shall be completed by March 31, 2003, Western Plains Energy's Board of Managers shall adopt a resolution instructing the Escrow Agent to terminate the Escrow Account and transfer all funds to other accounts maintained by Western Plains Energy. In the event that Western Plains Energy has not met the Release Conditions by March 31, 2003, then Western Plains Energy shall instruct the Escrow Agent to return to the investors all funds from the sale of Class A and B capital units held in the Escrow Account. Escrow Agent shall return to Western Plains Energy all interest earned on funds deposited in the Escrow Account, less any fees and expenses owed Escrow Agent by Western Plains Energy hereunder.
Termination of Escrow Account. The escrow provided for hereunder shall terminate and the Escrow Agent shall be discharged on the date on which all of the Escrow Account is distributed in accordance with Section 6 hereof.
Termination of Escrow Account. At such time as Husker Ag has met the Release Conditions, which shall be completed by December 1, 2001, Husker Ag's Board of Directors shall adopt a resolution instructing the Escrow Agent to terminate the Escrow Account and transfer all funds, including interest, to other accounts maintained by Husker Ag. In the event that Husker Ag has not met the Release Conditions by December 1, 2001, then Husker Ag shall instruct the Escrow Agent to return to the investors all funds from the sale of membership units held in the Escrow Account with interest. Husker Ag may, in its sole discretion, abandon the sale of the membership units at any time prior to the termination of the offering period. Upon the receipt of written instructions from the Chairman of the Board or President of the Company that the offering is being abandoned, the Escrow Agent shall refund the monies on deposit to the subscribers thereof as provided in this Paragraph 5.
