Examples of Escrow Notice in a sentence
In the event a party requests (the “Requesting Party”) the release of the Deposit, then such Requesting Party shall provide written notice thereof (the “Escrow Notice”) to the non-Requesting Party and Escrow Holder, and in the absence of any good faith dispute for which the non-Requesting Party notifies the Requesting Party and Escrow Holder in writing within five (5) days after receipt of the Escrow Notice, Escrow Holder shall release the Deposit to the Requesting Party.
In respect of any Third Party Claim or Direct Claim, Buyer shall promptly deliver an Escrow Notice to the Escrow Agent and Shareholders’ Representative no later than 5:00 P.M. New York time on the Business Day prior to the Indemnity Escrow Release Date or Special Indemnity Escrow Release Date, as applicable, and as required in Section 9.2(c) or Section 9.3(b) of the Merger Agreement, such delivery to be in accordance with the notice provisions of this Agreement.
Failure of the Purchaser to exercise promptness in such notification shall not amount to a waiver of such Escrow Claim, except to the extent the Seller clearly demonstrates that the defense of any third party suit, action or proceeding subject to such Escrow Notice are materially prejudiced by such failure.
The Response Notice shall indicate the Agreed Amount and the Contested Amount with respect to the Escrow Notice.
Many of the companies founded in those days are still listed today, e.g. the founding of British Land dates back to 1856.