Distribution of Interest. All interest accrued from the date hereof to and including the Escrow Release Date (as defined below) on investments made pursuant to Section 2.1 shall be for the account of each of the Purchasers. On the Escrow Release Date, the Escrow Agent shall distribute to each of the Purchasers all interest then accrued for the account of each of the Purchasers pursuant to this Section 2.2 and not theretofore distributed hereunder.
Appears in 2 contracts
Sources: Escrow Agreement (General Atlantic Partners LLC), Escrow Agreement (Critical Path Inc)
Distribution of Interest. All interest accrued from the ------------------------ date hereof to and including the Escrow Release Date (as defined below) on investments made pursuant to Section 2.1 shall be for the account of each of the Purchasers. On the Escrow Release Date, the Escrow Agent shall distribute to each of the Purchasers all interest then accrued for the account of each of the Purchasers pursuant to this Section 2.2 and not theretofore distributed hereunder.
Appears in 1 contract
Sources: Escrow Agreement (Critical Path Inc)