Escrow Release Condition definition

Escrow Release Condition means, where the Acquisition is implemented by way of a Scheme, the Scheme becoming effective in accordance with its terms, and where the Acquisition is implemented by way of a Takeover Offer, the Takeover Offer becoming or being declared unconditional in all respects;

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Escrow Release Condition means all conditions precedent to the completion of the Acquisition pursuant to the agreement in respect of the Acquisition (other than the delivery of the purchase price for the Acquisition) have been satisfied or waived, and the Company has delivered to CIBC Capital Markets and RBC Capital Markets, on their own behalf and on behalf of the Underwriters, and the Escrow Agent, a certificate, in accordance with the terms of the Subscription Receipt Agreement, confirming such satisfaction or waiver.

Escrow Release Condition has the meaning given to that term in the Conditions Precedent and Escrow Agreement; Event of First User Delay has the meaning given to it in Special Condition E1 (Definitions) of the Licence; Financial Settlement Document has the meaning given to it in Standard Condition A1 (Definitions for the standard conditions) of the Licence; Final Reconciliation Difference Payment has the meaning given to it in Clause 6.2 (Final Reconciliation Difference Payment); First User has the meaning given to it in Special Condition E1 (Definitions) of the Licence; First User Delay Difference Payment means the amount determined pursuant to Clause 5.2 (Revenue support for an Event of First User Delay);

Examples of Escrow Release Condition in a sentence

In the event that the Escrow Release Condition is satisfied prior to the Escrow Deadline, the Subscriber hereby expressly and irrevocably authorizes and directs the Escrow Agent to immediately release and deliver the Escrowed Funds to the Issuer, without any further notice to the Subscriber.
The Company shall as soon as practicable after the date hereof, but not later than the date the Escrow Release Condition is satisfied, terminate the Vectis Agreement.
The Subscriber further acknowledges and agrees that, if the Escrow Release Condition is satisfied by the Escrow Deadline, the Subscription Receipts will convert automatically, with no further action on the part of the Subscriber, into Units.
In the event Wintegra is acquired by a third party, Wintegra shall work with such Wintegra’s acquirer to establish terms that are mutually acceptable to all parties to ensure such supply chain continuity following such acquisition, provided that if the acquirer shall be in materially uncured breach of Wintegra’s supply obligations hereunder, the Escrow Release Condition in Section 6.2(b) shall be considered having been met.
The Escrow Agent agrees that it will give a written notice, in the form prepared by the Company, stating that the Escrow Release Condition has been satisfied and the Escrow Agent has made its initial release of escrowed funds to the Company in accordance with this Agreement, to the securities administrators in those states in which the Company has conducted its Offering, as certified to the Escrow Agent by the Company.

More Definitions of Escrow Release Condition

Escrow Release Condition means the closing of the Acquisition in all material respects in accordance with the terms of the Purchase Agreement without amendment or waiver materially adverse to the Corporation or Acquireco but for the payment of the purchase price to be satisfied in part by the release of the Escrowed Funds;

Escrow Release Condition has the meaning set forth in the Escrow Agreement.

Escrow Release Condition means the parties to the Alliance/Aux Sable Purchase and Sale Agreement are able to complete the Alliance/Aux Sable Acquisition in all material respects in accordance with the terms of the Alliance/Aux Sable Purchase and Sale Agreement, without amendment or waiver materially adverse to Pembina, unless the consent of the lead underwriters for the Subscription Receipt Offering is given to such amendment or waiver (such consent not to be unreasonably withheld, conditioned or delayed) but for the payment of the purchase price for the Alliance/Aux Sable Acquisition, and Pembina has available to it all other funds required to complete the Alliance/Aux Sable Acquisition; provided that the Escrow Release Condition may, if the foregoing conditions are met, at the election of Pembina, occur up to seven (7) business days prior to the scheduled closing date of the Alliance/Aux Sable Acquisition;

Escrow Release Condition means receipt by the Escrow Agent of a completed Escrow Release Notice executed by the Chief Executive Officer and Chief Financial Officer of the Company and countersigned on behalf of the Underwriters;

Escrow Release Condition means receipt of confirmation by the Corporation of the completion of the Liquidity Event.

Escrow Release Condition has the meaning set forth in Section 9.5.

Escrow Release Condition means, collectively, (i) the Issuer or one of its Restricted Subsidiaries has obtained an extension from the applicable Colombian governmental authority of the expiration date for mining concession 014-89M (whether in the form of an extension to or an amendment of such concession, or in the form of a new concession), for an additional minimum period of 20 years (the “Extension”), and