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.
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Samples: Escrow Agreement (Quadriga Superfund), Escrow Agreement (Quadriga Superfund), Escrow Agreement (Quadriga Superfund)
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_________, its agents or both, or (ii) nine twenty-four (924) months from the date hereof, at which time the balance of the Escrow Account shall be distributed to the recipients__________.
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