Joint Release Instruction definition

Joint Release Instruction means the joint written instruction executed by an authorized signer of each of Integral 1 and a Funding Party directing the Escrow Agent to disburse all or a portion of the Escrow Funds, as applicable.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Joint Release Instruction means the joint written instruction of Buyer and Holdings, which is executed by Buyer and Holdings, to the Escrow Agent directing the Escrow Agent to disburse all or a portion of the Escrow Fund, as applicable.

Joint Release Instruction means the joint written instruction executed by an authorized signer of each of the Sponsor and the Parent directing the Escrow Agent to disburse all or a portion of the Escrow Property, as applicable.

Examples of Joint Release Instruction in a sentence

• Upon receipt by the Escrow Agent of a Joint Release Instruction, the Escrow Agent shall promptly, but in any event within two (2) Business Days after its receipt of such Joint Release Instruction, disburse all or part of the Escrow Fund in accordance with such Joint Release Instruction, which may be to Buyer or Seller as set forth in the Joint Release Instruction.

• The Escrow Agent may rely in good faith upon and shall not be liable in the absence of its fraud, gross negligence or willful misconduct for acting or refraining from acting upon any Joint Release Instruction, a Notice of Consummation, Final Determination, or Request furnished to it in accordance with the terms hereof and reasonably believed by it in good faith to be genuine and to have been signed by an Authorized Representative of the proper Party or Parties.

• Except pursuant to Section 14, the Escrow Agent shall not release all, or any portion of, the Escrow Fund, or make any reductions from the Escrow Account in the absence of a Joint Release Instruction, a Notice of Consummation, or Request.

• All payments of any part of the Escrow Fund shall be made by wire transfer of immediately available funds as set forth in a Joint Release Instruction, a Notice of Consummation, Final Determination, or Request, as applicable.

• If at any time either of the Parties receives a written notice of termination of the Purchase Agreement pursuant to Section 8.01 of the Purchase Agreement sent from one Party to the other Party, then upon receipt by the Escrow Agent of a Joint Release Instruction, the Escrow Agent shall promptly, but in any event within two (2) Business Day after its receipt of such Joint Release Instruction, disburse to Buyer all of the Escrow Fund as directed in accordance with such Joint Release Instruction.

More Definitions of Joint Release Instruction

Joint Release Instruction means a joint written instruction of Parent and the Selling Securityholders’ Representative, which is executed by Parent and the Selling Securityholders’ Representative, to the Escrow Agent directing the Escrow Agent to disburse all or a portion of the Escrow Fund. In making any payments, the Escrow Agent (and the Paying Agent) shall rely upon the wire instructions and tax forms that it shall collect from (i) Parent pursuant to this Agreement and (ii) the Selling Securityholders pursuant to the Paying Agent Agreement, as applicable.

Joint Release Instruction means a joint written instruction of Parent and HL Representative, which is executed by Parent and HL Representative, to the Escrow Agent directing the Escrow Agent to release all or a portion of the Escrow Account, as applicable.

Joint Release Instruction means the joint written instruction of a Buyer Indemnified Party and the Sellers’ Representative, which is executed by a Buyer Indemnified Party and the Sellers’ Representative, to the Escrow Agent directing the Escrow Agent to disburse all or a portion of the Escrow Fund, as applicable.

Joint Release Instruction means a joint written instruction of the Underwriter and the Issuer which is executed by the Underwriter and the Issuer, to the Escrow Agent directing the Escrow Agent to disburse or release all or a portion of the Escrow Amount, as applicable; and (d) “Person” means any individual, general or limited partnership, firm, corporation, limited liability company, association, joint stock company, trust, joint venture, unincorporated organization other entity, including a Governmental Authority or any department, agency or political subdivision thereof.

Joint Release Instruction means the written instructions which are to be executed jointly by the Purchaser and the Vendor on the Closing Date regarding the release of the Escrow Deposit from the Pre-Closing Escrow Account in terms of Clause 5.1.3, substantially in the form and text attached as Schedule 4.

Joint Release Instruction means the joint written instruction of TSG, Evergreen and Seller which is executed by an Authorized Representative of each of TSG, Evergreen, and Seller and delivered to the Escrow Agent directing the Escrow Agent to disburse all or a portion of the Escrow Funds from the Deposit Escrow Account, Transfer Tax Escrow Account and/or the Adjustment Escrow Account, as applicable.

Joint Release Instruction means the joint written instruction executed by an Authorized Representative of Class Counsel and by the necessary Authorized Representatives of the Settling Defendants, directing the Custodian/Escrow Agent to disburse all or a portion of the Settlement Fund.