Examples of Escrow Period Termination Date in a sentence
On the Escrow Period Termination Date, the Escrow Agent shall deliver to the Vendors the remaining portion of the Escrow Shares not required to satisfy such claims as described in the preceding sentence (the "Remaining Escrow Shares"), by delivering to each Vendor a share certificate for such portion of Escrow Shares as the relevant Vendor is entitled to.
The escrow period shall terminate at 5:00 p.m. (Eastern time) on the later of (i) the date where all of the Escrowed Shares have been released pursuant to the terms of this Agreement or (ii) on the third anniversary date of this Agreement (the "Escrow Period Termination Date").
On the Escrow Period Termination Date, the Escrow Agent shall deliver to the Shareholder the remaining portion of the Escrow Shares (the "Remaining Escrow Shares") by delivering to the Shareholder a share certificate for such Remaining Escrow Shares.
If, on the Initial Escrow Period Termination Date there shall be Claims against the Parent Escrow Fund that have not been finally resolved, then, within 10 Business Days of the Initial Escrow Period Termination Date, the Escrow Agent shall deliver to Parent the excess, if any, by which the value of the amounts held in the Parent Escrow Account exceed an amount equal to 120% of the amount of any Claims against the Parent Escrow Fund that have not been finally resolved and paid at such time.
Within 10 Business Days following the Initial Escrow Period Termination Date, if there are no Claims against the Parent Escrow Fund that have not been finally resolved and paid, the Escrow Agent shall deliver to Parent the balance of shares of Parent Common Stock and other property held in the Parent Escrow Account at such time.