Examples of Escrow Term in a sentence
In the event the Tenant Conditions are not met for any part of the Vacant Space necessary to achieve the Lease-up Deficiency Income Threshold within the Escrow Term, the amount of Tenant Improvements deposit and Leasing Commissions deposit then remaining in the Escrow and attributable to such Vacant Space, shall be released to Purchaser upon the expiration of the Escrow Term.
This Agreement and the conversion and deemed issuance of the Initial Term Loans as described in Section 2.01(a)(i) shall become effective upon the satisfaction (or waiver) of the conditions set forth in Section 4.02 of the Escrow Term Loan Agreement.
Remaining funds in the escrow account that are not subject to an indemnification claim described above as of the Escrow Term will be returned to the Company in accordance with the terms of the Escrow Agreement.
This Agreement shall terminate upon the expiration of the Escrow Term, without any notices to any person, unless earlier terminated pursuant to terms hereof.
Seller acknowledges and agrees that Seller’s liability for Claims shall survive Closing, that such liability and Claims and Buyer’s rights and remedies with respect thereto are not limited to the Escrow Term, the amount of the Escrow Funds or any other provision of this Agreement and that Buyer’s rights hereunder shall not be limited or otherwise affected by Buyer’s exercise of any of Buyer’s other rights and remedies, including without limitation any of those available to Buyer under the Contract.