Examples of Release Conditions in a sentence
Upon the earlier of (i) the satisfaction of the Escrow Release Conditions (at or before the Escrow Release Deadline) and the issuance of the Underlying Shares required to be issued in compliance with Section 4.1 hereof, and delivery by the Subscription Receipt Agent of the Escrowed Funds as provided for in Section 6.3 hereof, and (ii) the Termination Payment Time as provided for in Section 6.4 hereof, this Agreement shall cease to be of further effect.
If the Escrow Release Conditions have been satisfied on or before the Escrow Release Deadline, the Corporation shall forthwith cause a certificate regarding same, executed by the Chief Executive Officer and the Chief Financial Officer of the Corporation (or such other officers as may be acceptable to the Lead Agent), to be delivered to the Lead Agent requesting release of the Escrowed Funds pursuant to this Agreement.
In addition, Upwork Escrow is authorized to and will release applicable portions of the Client Escrow Account (each portion, a “Release”) to the Freelancer Escrow Account, upon the occurrence of and in accordance with one or more Release Conditions provided below or as otherwise required by applicable law or the Terms of Service.
Each Secured Party hereby agrees to release the Security Interests in the IHL-42X Assets granted pursuant to the terms of this Agreement and Liens created by the Australian Security Agreements upon the satisfaction of the IHL-42X Assets Release Conditions.
If the certificate set forth in Section 4.1(1) hereof has been delivered to the Lead Agent and the Escrow Release Conditions have been satisfied (or waived in accordance with the terms of this Agreement) on or before the Escrow Release Deadline, the Corporation and the Lead Agent shall as soon as reasonably practicable thereafter deliver to the Subscription Receipt Agent the Escrow Release Notice, executed by the Corporation and the Lead Agent.