Examples of Escrow Release Condition in a sentence
The Escrow Release Condition is the satisfaction or waiver of all conditions precedent to the Closing date.
The Underwriters’ Fee with respect to the Subscription Receipts is payable 50% upon closing of the Offering (the “Subscription Receipt Initial Underwriters’ Fee Payment”) and 50% upon satisfaction of the Escrow Release Condition.
If the Escrow Release Condition is not satisfied prior to the occurrence of a Termination Event, then no further payment on account of the Underwriters’ Fee with respect to the Subscription Receipts will be payable by the REIT to the Underwriters.
Looking in the opposite direction from this location (north east) there are attractive views of the Church with the tower standing prominently in the skyline.The curving formation of the road within this part of the conservation area continues outside of the boundary to the south and curtails any views out of the conservation area.
Pending the fulfilment of the Escrow Release Condition, the Escrowed Shares shall be held by the Company as bare trustee for the benefit of each Vendor, pro rata to his proportion of shareholding in TCAP as set out in Section 2 of this Circular.