Common use of Certificate of Release Clause in Contracts

Certificate of Release. The Escrow Agent shall retain all of the Escrowed Securities until it receives a joint direction bearing a signature by or on behalf of each of Ideal, Holdings, ▇'▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ and Suleman, and certified correct by the auditors of Ideal, in the form annexed hereto as Appendix 1 (the "Release Notice") confirming that Ideal has generated the aggregate revenues on a consolidated basis as set out in clauses 3.02 (a) (b) (c) and (d) in the last fiscal year ended December 31 and was profitable on a pre-tax basis during that period.