Joint Release Notice definition

Joint Release Notice means a written notice signed by a Lakes Appointee and a Company Appointee acting jointly, to the effect that any specified portion of the property held by the Escrow Agent as the Escrow shall be delivered to Lakes or Company.
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Joint Release Notice has the meaning set forth in Section 5(h).
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Joint Release Notice shall have the meaning set forth in the Escrow Agreement.
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Examples of Joint Release Notice in a sentence

  • Götene Kyltransporter have 80 trucks in total, that is run on either LNG, CNG and/or diesel.

  • Upon receipt of an Objection Notice in response to a Claim Notice, the Escrow Agent is required to hold any Disputed Claim Amount in the Escrow Account until it either (1) receives from the parties a Joint Release Notice directing the disposition of “all or part of” the Disputed Claim Amount, or (2) receives from either of the parties (with notice to the other) a written notice of a legally binding settlement agreement or a final order or judgment.

  • This Agreement and any Joint Release Notice from the Parties may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument or instruction, as applicable.

  • The approximately $3.9 million—less than 5.6% of the amount originally demanded in the April 2017 Escrow Claim Notice—required to indemnify AT&T for those matters has been disbursed to AT&T from the Escrow Account with NIU’s consent in a Joint Release Notice.AT&T, however, refuses to execute a Joint Release Notice authorizing disbursement to NIU of$68,325,951, the excess funds originally estimated by AT&T but never needed for those potential claims.

  • This is based on the stipulation that property cannot be transferred outside the clan, while the husband or wife is outside the community based on exogamous marriage.

  • NIU and AT&T executed and delivered to Citibank (as Escrow Agent) a Joint Release Notice dated July 18, 2017 instructing Citibank to release to NIU $3,816,390 from the Escrow Account.

  • The Escrow Agent shall upon receipt of the Joint Written Release executed by the authorised signatory of the Company and Sino Fortune be entitled to release the Deposit from the Escrow Account in the manner and to the persons specified in the Joint Release Notice by way of a telegraphic transfer (or in such manner as may be agreed between the Company and Sino Fortune) on the Completion Date (or such other date as may be extended in accordance with the Agreement).

  • As explained herein, Defendants have breached the Purchase Agreement and the Escrow Agreement by (1) failing to provide a reasonable estimate of the amount of the Escrow Fund to be reserved with respect to its tax claims “in good faith based on information then available;” and (2) failing to execute and deliver a Joint Release Notice calling for the disbursement of part of the Disputed Claim Amount following the resolution of certain claims included in AT&T’s April 2017 Escrow Claim Notice.

  • Within two (2) Business Days after the date on which the Escrow Agent receives an executed Joint Release Notice, the Escrow Agent shall disburse the portion of the amount in the Escrow Account set forth in the Joint Release Notice to the persons or accounts designated on such Joint Release Notice.

  • NIU responded promptly to AT&T’s refusal to execute a Joint Release Notice related to excess Escrow Account funds related to Defendant Com Nextel’s 2010 and 2011 audits, pointing out that (1) AT&T’s April 2017 Escrow Claim Notice was comprised of multiple individua l claims, and (2) nothing in the operative agreements gives AT&T rights to assert new demands against the Escrow Account after the Final Release Date or to revise upward estimates for claims timely made prior to the Final Release Date.


More Definitions of Joint Release Notice

Joint Release Notice has the meaning specified in Section 2.1(c) of this Agreement.
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Joint Release Notice shall have the meaning set forth in Section 4.1 hereof;
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Related to Joint Release Notice

  • Release Notice has the meaning specified in Section 11.19(b).

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Closing Press Release has the meaning set forth in Section 5.4(b).

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Release Request has the meaning set forth in Section 2.1.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Disagreement Notice has the meaning specified in Section 2.04(c).

  • Increase Notice is defined in Section 2.19.

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Purchase Notice has the meaning set forth in Section 1.2.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.

  • Work release means a program of partial confinement

  • Consent Notice has the meaning set forth in Section 4.6(a).