Escrow Period definition

Escrow Period shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (i) The date upon which Escrow Agent confirms that it has received in the Escrow Account all of the proceeds of the sale of the Convertible Debentures; (ii) The expiration of twenty (20) days from the date of commencement of the Offering (unless extended by mutual written agreement between the Company and the Investor(s) with a copy of such extension to Escrow Agent); or (iii) The date upon which a determination is made by the Company and the Investor(s) to terminate the Offering prior to the sale of all the Convertible Debentures. During the Escrow Period, the Company and the Investor(s) are aware that they are not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or the Investor(s) or any other entity, or be subject to the debts of the Company or the Investor(s) or any other entity.

Escrow Period has the meaning set forth in Section 2.4.1.

Escrow Period has the meaning ascribed to it in Section 7.2(c).

Examples of Escrow Period in a sentence

At the end of the Escrow Period (subject to clause 13.5 and 13.6 below) the Purchasers and the Seller shall issue joint written instructions to the Escrow Agent to release to the Seller the funds in the Escrow Account.

Escrow Period shall have the meaning set forth in Section 6.3(b).

Escrow Period has the meaning specified in Section 2.5. -----------

Escrow Period shall have the meaning given in Section 4.1.

Escrow Period means the period commencing on the date hereof and ending at the close of Escrow Agent’s business day on [insert ending date]1 unless earlier terminated pursuant to this Agreement.

Escrow Period means the period commencing on the Closing Date and terminating on the five year anniversary date thereof.