Escrow Conditions definition

Escrow Conditions means the following conditions:

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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.

• 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.

• If, on the date one year from the effective date of the Registration Statement (or any extension thereof that is authorized by the Registration Statement) (the "Impound Date") all the Escrow Conditions are not satisfied, the Bank shall release to the subscribers all monies deposited pursuant to such subscriptions, all Order Forms and all earnings on such monies net of escrow costs, after first having received an executed written request from the Trust requesting such release.

• If all the Escrow Conditions are satisfied on or before Impound Date, the Bank shall release to the Trust those subscriptions, and the principal amount of all monies deposited therewith, and all interest earned thereon after first having received an executed written request of the Trust requesting such release.

• The parties hereto expressly recognize that under no circumstances shall the Bank be held liable for the legality or validity or veracity of the Offering or any other offering of the Trust, and, instead, the Bank's sole concern and responsibility shall be to hold the monies in escrow and to invest the same as herein provided until the Escrow Conditions are satisfied according to the conditions stated herein.

More Definitions of Escrow Conditions

Escrow Conditions means the following conditions required to be satisfied to cause the release of the proceeds of the escrow account referred to in the Escrow Agreement.

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

Escrow Conditions means, collectively, all of the following:

Escrow Conditions refers to the following conditions which shall have been or, substantially concurrently with the release of the Escrowed Property, shall be, satisfied:

Escrow Conditions means the following conditions: (a) the notice period for the Redemptions has expired; (b) the joinder to the Intercreditor Agreement and the Security Documents required to create the Liens in the Collateral securing the Notes Obligations have been executed and delivered on the terms described under “Description of Notes” in the Offering Memorandum; (c) the net proceeds from the issuance of the Initial Notes have been applied to the Redemptions; (d) the Issuer has received approval from the applicable gaming authorities to consummate the HOC Assumption, the HOC Assumption has been consummated and HOC, as the obligor in respect of the Notes Obligations, has assumed all of the obligations of the Escrow Issuers under the Notes and this Indenture pursuant to a supplemental indenture and other agreements and opinions reasonably satisfactory to the Trustee; and (e) HOC has executed a joinder to the Registration Rights Agreement and the Purchase Agreement.

Escrow Conditions means (x) the Satisfaction of the Secured Debt Condition, (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 and (z) the execution by the Company and Guarantors of a supplemental indenture, the form of which is attached as Exhibit D hereto, the Security Documents, the First Lien Intercreditor Agreement and the Joinder to the Second Lien Intercreditor Agreement.