Escrow Release Conditions definition

Escrow Release Conditions has the meaning assigned to such term in the Escrow Agreement.

Escrow Release Conditions has the meaning ascribed to that term in the Subscription Receipt Agreement;

Escrow Release Conditions means, collectively, each of the following conditions (which conditions may be waived by the Investor in its sole discretion):

Examples of Escrow Release Conditions in a sentence

• Each Subscription Receipt will entitle the holder thereof to receive upon satisfaction of the Escrow Release Conditions (as defined herein) and without payment of additional consideration or further action, one unit of the Corporation (a “Unit”).

• The representations, warranties, covenants and agreements of the Agents herein contained shall survive the Closing and, notwithstanding such Closing or any investigation made by or on behalf of the Corporation with respect thereto, shall continue in full force and effect for the benefit of the Corporation until the second anniversary of the satisfaction of the Escrow Release Conditions.

• During the period commencing on the date of this Agreement and ending at the earlier of: (i) the Escrow Release Deadline; and (ii) the satisfaction or waiver (to the extent such waiver is permitted) of the Escrow Release Conditions, the Corporation will promptly notify the Agents in writing if any of the representations or warranties made by the Corporation in this Agreement are no longer true and correct.

• The Corporation will promptly provide the Lead Agent with drafts of any Preliminary Prospectus, Final Prospectus, Stock Exchange listing applications/statements and any other material ancillary documents and shall keep the Lead Agent reasonably informed from time to time, of the status of the IPO and timing in respect of satisfying the Escrow Release Conditions.

• Each Special Warrant will entitle the holder thereof to receive, without payment of any further consideration or any further action on the part of the holder, and subject to adjustments in certain circumstances as set out herein and in the Special Warrant Indenture, one Unit upon the earlier of (a) the Lead Agent being satisfied, in its sole discretion that the Escrow Release Conditions have been satisfied, and (b) the Escrow Release Deadline (the “Liquidity Date”).

More Definitions of Escrow Release Conditions

Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

Escrow Release Conditions means the delivery by the Administrative Agent of the Payment Instruction (as defined in the Escrow Agreement) to the Escrow Agent on the Escrow Funding Date directing the Escrow Agent to release the funds from the Escrow Account.

Escrow Release Conditions means the following conditions:

Escrow Release Conditions means the occurrence of each of the following events:

Escrow Release Conditions means each of the following conditions, which conditions may be waived in whole or in part jointly by the Company and the Lead Agent:

Escrow Release Conditions means, collectively, the conditions set forth in Section 3.3 hereof.

Escrow Release Conditions means (i) for each Aleris Incremental Term Lender that has deposited funds into the Escrow Account as of the Escrow Release Time, the Escrow Agent has internally confirmed receipt of such funds from such Aleris Incremental Term Lender, (ii) the Administrative Agent and the Escrow Agent has received an Escrow Drawdown Request complying with the terms of, and within the time period required by, clause (e) above (as the same may be supplemented pursuant to clause (e)(i) and the last paragraph of clause (e) above), and (iii) the conditions precedent set forth in Section 4.03 are satisfied no later than 3:00 p.m. London Time on the Aleris Incremental Funding Date. For the avoidance of doubt, if on the Aleris Incremental Funding Date the Escrowed Amounts are less than the amount originally requested to be funded pursuant to the original Escrow Drawdown Request, then, to the extent that the foregoing conditions in this clause (f) have been satisfied, the Designated Company may proceed with the funding of the then-available Escrowed Amounts by complying with the proviso in clause (e)(i) above.