Escrow Fund Release Date definition

Escrow Fund Release Date means three (3) business days after the date of this Amendment as set forth hereinabove.
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Escrow Fund Release Date has the meaning set forth in Section 2.8.
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Escrow Fund Release Date means the date which falls on the date of the third anniversary of the Closing Date.
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Examples of Escrow Fund Release Date in a sentence

  • Notwithstanding the foregoing, after the Escrow Fund Release Date, Purchaser shall, instead of making a Tax Benefit Deposit, deliver to the Sellers' Representative all realized Transaction Tax Benefits, subject to subsection (ii) above (after filling, and giving effect to, the Tax Benefit Basket even after the Escrow Fund Release Date), or Creditable Tax Refunds.

  • The Escrow Account shall be administered in accordance with the terms and provisions of the Escrow Agreement for a term that shall expire at the open of business on December 31, 2005 or such later date provided in the Escrow Agreement in the event of a claim outstanding against the Escrow Account as of the open of business on December 31, 2005 (such later date, the "Escrow Fund Release Date").

  • The definition of Escrow Fund Release Date shall be three (3) business days after the date of this Amendment as set forth hereinabove.

  • Subject to the terms and condition of this Agreement and a Registration Rights Agreement, the Shares shall be released from escrow on each Payment Date, in equal installments of Fifty Thousand (50,000.00) Shares (each an "Escrow Fund Release Date") with the final release six (6) months after final payment date.

  • Within two business days after the Escrow Fund Release Date, the Escrow Agent shall deliver to MatrixOne (i) the Escrowed MatrixOne Common Stock Certificate then held in escrow by the Escrow Agent and (ii) a notice specifying the amount of the Reserve, if any, as of such date.

  • The definition of Escrow Fund Release Date shall be three (3)business days after the date of this Amendment as set forth hereinabove.

  • Notwithstanding the foregoing, if on or prior to 11:59 p.m. Pacific Time on the Retention Escrow Fund Release Date, Parent has given a Retention Claim Notice containing a claim which has not been resolved prior to such date in accordance with Section 4, the Escrow Agent shall retain and safeguard in the Retention Escrow Fund after the Retention Escrow Fund Release Date the full amount of Retention Escrow Shares and Retention Escrow Cash.

  • Notwithstanding the foregoing, if prior to the Escrow Fund Release Date, Parent has given a Claim Notice on behalf of any Buyer Indemnified Party containing a claim which has not been resolved prior to such date in accordance with Section 2, the Escrow Agent shall retain and safeguard the Escrow Fund after the Escrow Fund Release Date an amount of cash equal to the amount described in the Claim Notice.

  • Except as set forth below, the period during which claims for Indemnifiable Damages may be made for the indemnity obligations under this Agreement (the applicable period, the “Claims Period”) shall commence at the Closing and terminate on the Escrow Fund Release Date (the “Escrow Period”).

  • Notwithstanding the foregoing, if on or prior to 11:59 p.m. Eastern Time on the Escrow Fund Release Date, the Purchaser has given a Claim Notice on behalf of any Indemnified Party containing a claim which has not been resolved in full prior to such date in accordance with Section 4, the Escrow Agent shall retain and safeguard in the Escrow Fund after the Escrow Fund Release Date an amount of Escrowed Closing Consideration equal to the amount described in each such Claim Notice, up to the full Escrow Fund.


More Definitions of Escrow Fund Release Date

Escrow Fund Release Date means May 15, 2016.
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Related to Escrow Fund Release Date

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Earned release means earned release from confinement as

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Escrowed Payment means an aggregate cash payment of up to $250,000;

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow Cash is defined in Section 4.1(a).

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Release Date means the date on which the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of the date hereof by and among the Investors and Continental Stock Transfer & Trust Company.

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • date of claim means the date on which the application or claim is made, or treated as made, for the purposes of this scheme

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Indemnity Escrow Amount means $3,000,000.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Escrow Property means the Escrow Funds and the Certificates delivered to the Escrow Agent as contemplated by Section 1(c) hereof.

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.