Examples of Final Release Date in a sentence
The amount standing to the credit of the Cash Reserve Account will be available (i) on each Payment Date up to (and excluding) the Final Release Date as Issuer Interest Available Funds and (ii) on the Final Release Date as Issuer Principal Available Funds.
On the Final Release Date or promptly thereafter, the Seller and the Purchaser shall deliver executed instructions, directing the Escrow Agent to, subject to the terms set forth in the Escrow Agreement, disburse to the Seller the remaining portion of the Indemnification Escrow Amount which exceeds any Reserved Amounts in respect of Purchaser Indemnification Claims pending, but not yet paid.
The Sellers shall not be liable for any Non-Tax Claim unless the Purchaser gives written notice containing full details of the legal and factual basis of the Claim, including the Purchaser’s estimate of the amount of the Claim, to the Sellers’ Representative on or before the Final Release Date.
If the Purchaser and Seller are unable to reach agreement as to the Reserved Amount by the Final Release Date, then the Reserved Amount with respect to such Notice of Claim shall be a reasonable amount determined in good faith by the Purchaser.
Until the Final Release Date and while funds remain in the Indemnification Escrow Account, the Purchaser Indemnitees may seek recovery from the Indemnification Escrow Account for Purchaser Indemnification Claims arising under Section 10.2(a).