Termination of Escrow Fund. The escrow provided for hereunder shall terminate upon the final disbursement of the Escrow Fund pursuant to the terms of this Agreement.
Termination of Escrow Fund. Upon distribution of the entire amount of the Escrow Fund, the Indemnity Holdback Escrow shall terminate, and the Escrow Agent shall give the Consolidated Entities notice to such effect.
Termination of Escrow Fund. 10.01 This Agreement (other than Sections 6.00 and 9.00) shall automatically terminate when all of the Property held by the Escrow Agent shall have been distributed, or otherwise disposed of, at any time while this Agreement remains in effect by the Escrow Agent in accordance with the terms of this Agreement.
Termination of Escrow Fund. The Escrow established hereby shall terminate at the time all distributions required under Section 2.5 above have been completed.
Termination of Escrow Fund. The escrow provided for hereunder shall terminate completely upon the later to occur of (a) the third anniversary of the Closing Date and (b) the payment or other final resolution of all claims for indemnity asserted under the Indemnification Agreement by any Indemnified Party prior to the third anniversary of the Closing Date.
Termination of Escrow Fund. Subject to the resolution of pending claims asserted pursuant to Section 7.8 prior to the expiration of the Escrow Fund and the resolution of conflicts arising from such claims under Section 7.10(c) hereof, the Escrow Fund shall remain in existence during the period of time (the "Escrow Period") between the effectiveness of the Merger and 5:00 p.m. Pacific Standard Time on the six month anniversary of the Effective Date.
Termination of Escrow Fund. Promptly following the date which is 180 days after the Effective Time, the Exchange Agent shall deliver to the Surviving Corporation all cash, Certificates and other documents in its possession relating to the transactions described in this Agreement, and the Exchange Agent's duties shall terminate. Thereafter, each holder of a Certificate formerly representing a Common Share may surrender such Certificate to the Surviving Corporation and (subject to applicable abandoned property, escheat and similar laws) receive in consideration therefor the aggregate Merger Consideration relating thereto, without any interest or dividends thereon.
Termination of Escrow Fund. If on the 15-month anniversary of the Closing Date, no claims for indemnification by any Parent Group Member are pending or remain unpaid, the Escrow Fund shall terminate and any funds remaining in the Escrow Fund, after payment of any amounts therefrom due to the Escrow Agent in accordance with this Agreement and the ** Portions of the Exhibit have been omitted and have been filed separately pursuant to an application for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Escrow Agreement, shall be allocated among and paid to, in each case in accordance with their respective Stockholder Ownership Percentages and in accordance with Article III, the holders of Stock Certificates and Stock Agreements outstanding immediately prior to the Effective Time who have complied with the requirements of Section 3.3. Alternatively, if on the 15-month anniversary of the Closing Date any such claims for indemnification are pending or remain unpaid, the Escrow Fund shall not terminate and any funds remaining in the Escrow Fund shall not be distributed to the holders of Stock Certificates and Stock Agreements outstanding immediately prior to the Effective Time unless and until all such claims have been resolved and, if appropriate, paid in accordance with this Article XI; provided, however, in the event that on the 15-month anniversary of the Closing Date, there are claims for indemnification by any Parent Group Member pending or that remain unpaid, but the aggregate amount of all Losses and Expenses relating to such claims is less than the aggregate amount then on deposit in the Escrow Fund, the amount of any excess of the amount then on deposit in the Escrow Fund over the aggregate amount of all Losses and Expenses relating to such pending or unpaid claims shall be allocated among and paid to such holders who have complied with the requirements of Section 3.3, in each case in accordance with their respective Stockholder Ownership Percentages and in accordance with Article III; provided further that, upon final resolution of all claims for indemnification by Parent Group Members, the Escrow Fund shall terminate and any funds remaining in the Escrow Fund, after payment of any amounts therefrom due to the Escrow Agent in accordance with this Agreement and the Escrow Agreement, shall be allocated among and paid to such holders who have complied with the requirements of Section...
Termination of Escrow Fund. The Escrow Agent shall deliver any -------------------------- portion of the Escrow Fund, which remains undistributed to the holders of Certificates for two years after the Effective Time, to GMI, upon demand, provided that the H&QGF Conditions have been satisfied. Any holders of Certificates who have not theretofore complied with this Article II shall thereafter look only to GMI for payment of their claim for Merger Consideration, including any cash in lieu of fractional shares of GMC Common Stock and any dividends or distributions with respect to GMC Common Stock.
Termination of Escrow Fund. Subject to the resolution of -------------------------- pending claims prior to the expiration of the Escrow Fund, the Escrow Fund shall remain in existence during the period of time (the "Escrow Period") between the ------------- Closing Date and 5:00 p.m., Pacific Standard Time, on June 30, 1999 (the "Escrow ------ Release Date"). ------------
