General Escrow Release Date definition

General Escrow Release Date has the meaning given to it in Section 8.1.

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General Escrow Release Date has the meaning given in Section 2.05(b)(i) hereof.

General Escrow Release Date means the date which is one year after the Effective Date.

Examples of General Escrow Release Date in a sentence

The Escrow Agreement shall provide that the remaining balance of funds in the Escrow Account on the General Escrow Release Date and the remaining balance of funds in the Escrow Account on the Final Escrow Release Date shall be released to the Company Securityholders as specified in Section 8.7. The fees and expenses of the Escrow Agent under the Escrow Agreement shall be borne by Acquiror.
Upon the latest of (a) resolution of any and all Contested Claims as provided for in Section 2.3.2, (b) the General Escrow Release Date, and (c) the Designated Escrow Release Date, the Retained Escrow shall be released by the Escrow Agent to Buyer and/or to the Shareholders in accordance with Section 2.3.2, this Section 3.2, and as otherwise provided for in this Escrow Agreement.
Within ten business days following the General Escrow Release Date, Parent shall deliver to the Company Preferred Stockholders and the Management Carve-Out Recipients all of the General Escrow Funds in excess of any amount of General Escrow Funds necessary to satisfy any then unsatisfied, unresolved or contested claims for Damages specified in any Notice of Claim delivered to the Representative before the General Escrow Release Date.
If by the First General Escrow Release Date, no Notice of Claim has been given by the Buyer to the Seller in respect of a Shareholder Indemnity Claim, the parties shall as soon as reasonably practicable instruct the Escrow Agent to pay the First General Escrow Release Amount out of the Escrow Account on the First General Escrow Release Date to the Seller’s Solicitors’ Account or such other account as the Seller may notify to the Buyer.
Subject to the terms of this Agreement and the Escrow Agreement, the General Escrow Amount shall be available for a period beginning on the date of the Closing and ending on the date that is eighteen (18) months thereafter (the “General Escrow Release Date”) to satisfy such indemnification obligations of the Company pursuant to Section 10.01 for claims as are made on or prior to the General Escrow Release Date and shall be paid out as provided in the Escrow Agreement.
A General Claim Notice may not be issued after the General Escrow Release Date.
The AR Holdback Funds and the New Shares that relate to the AR Holdback Funds will be held by the Escrow Agent, subject to the terms and conditions of the Escrow Agreement and Article 11, until the General Escrow Release Date, with the exception of any portion of the AR Holdback Funds previously released in accordance with Section 2.5 below.
Each notice of a Claim by Buyer (the "Claim Notice") shall be in writing and must be delivered on or before the General Escrow Release Date (in the case of General Claims) or the Designated Escrow Release Date (in the case of the Designated Claim) to be valid hereunder.

More Definitions of General Escrow Release Date

General Escrow Release Date means the date on which all claims against the General Escrow Account have been resolved in accordance with the Escrow Agreement.

General Escrow Release Date means the date on which all claims against the General Escrow Account have been resolved in accordance with the Escrow Agreement. Government Bid. “Government Bid” shall mean any quotation, bid or proposal submitted to any Governmental Body or any proposed prime contractor or higher-tier subcontractor of any Governmental Body. Government Contract. “Government Contract” shall mean any prime contract, subcontract, letter contract, purchase order or delivery order executed or submitted to or on behalf of any Governmental Body or any prime contractor or higher-tier subcontractor, or under which any Governmental Body or any such prime contractor or subcontractor otherwise has or may acquire any right or interest. Governmental Authorization. “Governmental Authorization” shall mean any: (a) permit, license, certificate, franchise, permission, clearance, registration, qualification or authorization issued, granted, given or otherwise made available by or under the authority of any Governmental Body or pursuant to any Legal Requirement; or (b) right under any Contract with any Governmental Body. Governmental Body. “Governmental Body” shall mean any: (a) nation, state, commonwealth, province, territory, county, municipality or district; (b) federal, state, local, municipal, foreign or other government; or (c) governmental or quasi-governmental authority of any nature (including any governmental division, department, agency, commission, instrumentality, official, organization, unit, body or Entity and any court or other tribunal). HSR Act. “HSR Act” shall mean the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended. Immaterial Customer Contract. “Immaterial Customer Contract” shall mean a Company Contract that provides for any license of assets to any Person by any of the Acquired Corporations pursuant to terms that do not provide for the payment to any of the Acquired Corporations of license fees or other amounts equal to or in excess of $50,000 on an annualized per customer basis (without regard to A-3. Table of Contents

General Escrow Release Date means the date that is the twelve (12) month anniversary of the Closing Date and (y) “Identified Tax Matters Escrow Release Date” means the date that is the twenty four (24) month anniversary of the Closing Date.

General Escrow Release Date shall have the meaning specified in Section 3.10.