Escrow Release Events definition

Escrow Release Events see Section 5.5.6 of this Agreement. Executable code (in lower case) means a series of one or more instructions executable after suitable processing by a computer or other programmable machine, without compilation or assembly.
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Escrow Release Events shall occur at the time which the Company has delivered a written notice to the Impound Agent (i) certifying that subscriptions for the purchase of a minimum amount of 2,400,000 Units have been received by the Company; (ii) directing the Impound Agent to pay all of the deposits of the Escrow Account to the Company; and (iii) the Company has sent written notification to the Administrators that the Impound Agent has released the deposits in the Escrow Account to the Company.
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Escrow Release Events has the meaning given to such term in Paragraph 2.3(e) of this Agreement.
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Examples of Escrow Release Events in a sentence

  • Notwithstanding the foregoing, upon the occurrence of one or more of the Escrow Release Events, DTN may at its sole cost elect to provide its own maintenance of the Internet Software and the Hardware, in which case DTN shall have no further obligation to pay the License Fees and SmartServ shall have no further obligations under Article 4 of this Agreement.

  • The copy of the Source Code to be deposited in escrow pursuant to this Agreement shall be released to DTN only upon the occurrence of one or more of the Escrow Release Events as defined in the Service Agreement.

  • The parties shall enter into a new Escrow Agreement pursuant to which SmartServ will place the Source Code for the Internet Software in escrow to be released to DTN upon the occurrence of one or more Escrow Release Events.

  • If Licensee desires to obtain any Source Code Escrow Package from the Escrow Agent upon the occurrence of one or more of the Escrow Release Events, then Licensee shall comply with the procedures set forth in the Escrow Agreement to document the occurrence of the one or more of the Escrow Release Events.


More Definitions of Escrow Release Events

Escrow Release Events means those release events designated as such in the Escrow Agreement;
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Related to Escrow Release Events

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Release Event has the meaning set forth in Section 6(b).

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Escrow End Date has the meaning specified in the Escrow Agreement.

  • Excluded Events has the meaning set forth in Section 6.1(d)(ii).

  • Pre-Release Transaction shall have the meaning set forth in Section 5.10.

  • New Release means a partial or complete replacement of the executable code of the Software in machine-readable form, which may provide new features or functions. A New Release may incorporate some or no enhancements. A New Release involves only such alterations that change the release number to the immediate right of the decimal point. Changes to the release number are made solely at the discretion of the Licensor.

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Environmental Event shall have the meaning set forth in Section 12.2.1.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Closing Press Release has the meaning set forth in Section 5.4(b).

  • Triggering Events means each of the following events:

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • Lease Termination Date means the last day of the Lease Term.

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • Release Notice has the meaning specified in Section 11.19(b).

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.