Escrow Conditions definition

Escrow Conditions means the following conditions:

Escrow Conditions as defined in Section 6.2.

Escrow Conditions has the meaning assigned to such term in the Escrow Agreement.

Examples of Escrow Conditions in a sentence

• Upon the satisfaction of the Escrow Conditions, the Escrow Agent will cause the liquidation of all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property to or on the order of the Issuer on the Escrow Release Date in accordance with the terms of the Escrow Agreement.

• Shares may be subject to restriction conditions relating to milestones (Milestone Conditions) (such as a period of employment) or escrow restrictions (Escrow Conditions) which must be satisfied before the Shares can be sold, transferred, or encumbered (Restriction Conditions).

• Upon the satisfaction of the Escrow Conditions, the Escrow Agent will cause the liquidation of all Escrowed Property then held by it and cause the release of the proceeds of such liquidated Escrowed Property in accordance with the terms of the Escrow Agreement.

• The Determination Date shall be the earlier to occur of (i) the date any of the Escrow Conditions are satisfied, or (ii) March 31, 1999.

• Any earnings of the cash, new securities or other property held in such trust shall be added to the corpus thereof, all of which shall be distributed promptly after the Determination Date, to the holders of Class E Common Stock as of the Determination Date, in proportion to their holdings of Class E Common Stock, except that if none of the Escrow Conditions (as defined below) shall have been satisfied on or before the Determination Date, then such corpus shall revert to the Corporation.

More Definitions of Escrow Conditions

Escrow Conditions means the conditions set forth in Section 1.05(b) of the Escrow Agreement required to be satisfied to cause the release of the proceeds of the escrow account referred to therein.

Escrow Conditions means collectively (a) the Acquisition will be consummated on the date of release of the Escrowed Property in all material respects as described under “Summary—Acquisition Agreement” in the Offering Memorandum; (b) the Issuers have entered into the Credit Agreement or will substantially concurrently with the release of the Escrowed Property enter into the Credit Agreement; and (c) borrowings under the Credit Agreement will be available in an aggregate amount sufficient, when taken together with the Escrowed Property and the cash and Cash Equivalents of Dutch Issuer and the Subsidiaries, to consummate the Acquisition and to pay related fees and expenses.

Escrow Conditions means, collectively, all of the following:

Escrow Conditions means (x) the Satisfaction of the Secured Debt Condition and (y) no Default or Event of Default (including with respect to Restricted Subsidiaries) has occurred and is continuing (or would have occurred had the Company or any of the Guarantors been subject to all the provisions of this Indenture as of the date such Escrow Conditions are tested) under this Indenture.

Escrow Conditions has the meaning specified in the Escrow Agreement.

Escrow Conditions has the meaning set forth in the Collateral Trust Agreement.

Escrow Conditions means the conditions set forth in Section 1.05(b) of, and Exhibit A to, the Escrow Agreement.