Examples of Escrow Release Certificate in a sentence
The Issuer agrees for the benefit of the Holders to comply with the terms and conditions of the Escrow Agreement and shall use its reasonable best efforts to satisfy the conditions precedent to release of the Escrow Property, deliver the Escrow Release Certificate and receive the net proceeds from the offering and sale of the Notes as provided in the Escrow Agreement, as soon as practicable following the date hereof.
The date the Escrow Release Condition is satisfied shall be the date that the Closing occurs out of escrow, however, the Closing Date, for the purposes of this Agreement (as well as the transfer of the ADIT Shares) once Closing occurs out of escrow after the Parties deliver an Escrow Release Certificate (as defined in the Escrow Agreement) shall be the Escrow Deposit Date.
The Company agrees for the benefit of the Holders to comply with the terms and conditions of the Escrow Agreement and shall use its reasonable best efforts to satisfy the conditions precedent to availability of the New Credit Facility, deliver the Escrow Release Certificate and receive the gross proceeds from the offering and sale of the Notes as provided in the Escrow Agreement, as soon as practicable following the date hereof.
As provided in the Escrow Agreement, upon receipt of the Special Mandatory Cancellation Notice or, if the Escrow Agent shall not have received an Escrow Release Certificate on or before the Final Escrow Date, on the next following Business Day, the Escrow Agent will liquidate all Escrow Funds held by it and the Escrow Agent will deliver such proceeds to the relevant Paying Agent for pro rata distribution to the Holders of the Notes.
Within two (2) Business Days following the receipt of a joint written instruction signed by a Representative of both GP Seller and Buyer, and delivered to the Escrow Agent (a “Joint Escrow Release Certificate”), the Escrow Agent shall disburse the Escrow Amount as stated in such written direction in the amounts and to the persons specified in such Joint Escrow Release Certificate.
The Escrow Agent shall confirm in writing to the Company and the Trustee that the Escrow Property has been transferred by it to the Company (or as directed by the Company) and Xxxxxxx, Xxxxx & Co., respectively, in accordance with the Escrow Release Certificate.
The remaining amount equal to all Agents' Expenses incurred by the Agents not previously paid to the Agents on the Closing Date shall be paid on the date of the Escrow Release Certificate.
IP 6 Database: An electronic database that includes the Individual Plan section 6, the individual budget, and waiver form 223.
The Escrow Release shall occur upon receipt by the Escrow Agent of the Escrow Release Certificate and Trustee Acknowledgement as contemplated by the Escrow Agreement (the date of the Escrow Release is hereinafter referred to as the “Escrow Release Date”; provided, however, that if the conditions to the Escrow Release are satisfied on the Issue Date and the parties do not enter into the Escrow Agreement, references herein to the “Escrow Release Date” shall refer to the “Issue Date”).
Unless otherwise agreed to in writing by TMY and Jefferies, upon the delivery by TMY to Jefferies of either the Stockholder Approval Certificate or the Escrow Release Certificate, TMY and Jefferies hereby agree that the release of the Cash to TMY and Jefferies pursuant to the immediately preceding paragraph shall be, and Jefferies hereby agrees to instruct Escrow Agent in writing, as follows: (i) $1,815,000 to Jefferies and (ii) all remaining amounts (including Distributions) to TMY.