Escrow Release Time definition
Examples of Escrow Release Time in a sentence
In no event shall the Corporation consummate the Separation Transaction at any time prior to the Escrow Release Time.
On the Escrow Release Time, subject to the satisfaction (or waiver by BioAmber Lux and Mitsui) of the Release Conditions, Company Counsel shall release the Closing Documents in its possession from escrow to their intended recipients and remit the First Disbursement in its possession (if any) to the Company.
In the event that, as of the Escrow Release Time, the Release Conditions are not satisfied, Company Counsel shall so notify each of BioAmber Lux and Mitsui and request instructions in respect of the Closing Documents and the First Disbursement in its possession (if any).
The Escrow Agent is hereby directed to pay to Buyer out of the Escrow Fund, no later than 5 business days after December 31st, a distribution equal to 28% of the amount of such net income earned in the Escrow Fund, with a final distribution of 28% payable to the Buyer for the Period after December 31st up to the Final Escrow Release Time.
Each of the Purchasers listed on Schedule I hereto shall have (a) executed and delivered a copy of this Agreement, including Exhibit C hereof, and any other agreements required to be delivered hereunder and, (b) at the latest on the Escrow Release Time, delivered the Purchase Price consideration required to be delivered by such Purchaser.