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;

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 ascribed to such term in section 9(a) hereof;

Examples of Escrow Release Condition in a sentence

• The gross proceeds of the Offering will be held in escrow pending, among other things, the completion of the listing of the Common Shares on the New York Stock Exchange ("Escrow Release Condition"), which is contingent upon Osisko Development meeting the listing requirements of the New York Stock Exchange ("NYSE") and may involve, among other things, a consolidation of the Common Shares.

• If the Escrow Release Condition is met, Osisko Development anticipates that the proceeds of the Offering will be used to advance the development of Osisko Development's mineral assets and for general corporate purposes.

• Each Subscription Receipt issued pursuant to the Offering will entitle the holder thereof to receive, upon the satisfaction of the Escrow Release Condition (as defined below) and without payment of additional consideration, one unit of Osisko Development (each, a "Unit").

• 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 Escrow Release Condition is the satisfaction or waiver of all conditions precedent to the Closing date.

More Definitions of Escrow Release Condition

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 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 has the meaning set forth in Section 9.5.

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 means receipt of confirmation by the Corporation of the completion of the Liquidity Event.

Escrow Release Condition means that the Embargo has been fully and finally released and discharged from the Encumbered Properties to the reasonable satisfaction of the Buyer, it being understood and agreed that the granting of the Embargo Power of Attorney shall not release the obligation of the Seller to cause the release of the Embargo;

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