Examples of Escrow Accounts in a sentence
Prior to the Closing, Iris shall make all necessary and appropriate arrangements with respect to the Iris Escrow Accounts to enable the Contribution to be paid to the Company at Closing, and thereafter shall cause the Iris Escrow Accounts to terminate.
As of the date hereof, there are no Actions pending or, to the knowledge of Xxxx, threatened in writing with respect to the Iris IPO Escrow Accounts.
Upon consummation of the Transactions and notice thereof to the Iris Escrow Agent pursuant to the Iris Escrow Agreement, Iris shall cause the Iris Escrow Agent to, and the Iris Escrow Agent shall thereupon be obligated to, release to Iris as promptly as practicable, the Iris IPO Escrow Funds in accordance with the Escrow Agreement at which point the Iris IPO Escrow Accounts shall terminate.
Xxxx shall have made all necessary and appropriate arrangements to, with respect to the Iris Escrow Accounts, enable the Contribution to be paid to the Company at Closing, and all such funds released from the Iris Escrow Account shall be available to Iris in respect of all or a portion of the payment obligations set forth in Section 6.15.
All amounts payable to the BRLMs in accordance with the terms of the Engagement Letters, shall be payable directly from the Public Issue Account after transfer of funds from the Escrow Accounts to the Public Issue Account and immediately on receipt of the listing and trading approvals from the Stock Exchanges.