Common use of Distribution of Escrow Property Clause in Contracts

Distribution of Escrow Property. The Escrow Agent shall disburse the Escrow Property as follows: (ii) upon receipt of a joint written instruction letter to the Escrow Agent from the Investor Agent and Applied Spectrum, the Escrow Agent shall promptly disburse the Escrow Property in accordance with the instructions set forth in such letter or (ii) upon receipt of evidence of the entry of a nonappealable order of a court of competent jurisdiction requiring the Escrow Agent to release such Escrow Property from the Escrow Account, the Escrow Agent shall release such Escrow Property in accordance with such order.

Distribution of Escrow Property. The Escrow Agent shall disburse the Escrow Property as follows: (iii) upon receipt of a joint written instruction letter to the Escrow Agent from the Investor Agent and Applied Spectrumthe Company, the Escrow Agent shall promptly disburse the Escrow Property in accordance with the instructions set forth in such letter letter, or (ii) upon receipt of evidence of the entry of a nonappealable order of a court of competent jurisdiction requiring the Escrow Agent to release such Escrow Property from the Escrow Account, the Escrow Agent shall release such Escrow Property in accordance with such order.