Escrow Release Dates definition
Examples of Escrow Release Dates in a sentence
The First Escrow Release Date and the Second Escrow Release Date are referred to herein collectively as the "Escrow Release Dates." On the First Escrow Release Date, a portion of the Escrow Fund shall be released from escrow to the Holders in Escrow as reasonably practicable in proportion to their respective Proportionate Escrow Interest in an amount equal to one half of the entire Escrow Amount, less any Holdover Amount (as defined below).
All Escrow Agent fees and expenses, as described in Schedule 2 hereof, shall be payable by the Purchaser and the Vendors on the Escrow Release Dates, and, in the case of the Vendors, shall be paid out of the Release Amount for that particular Escrow Release Date, as set forth in Section 4.2 of this Agreement.