Duration of Escrow Sample Clauses
The 'Duration of Escrow' clause defines the specific period during which funds, documents, or other assets are held in escrow by a neutral third party. Typically, this clause outlines the start and end dates of the escrow arrangement, or the conditions that must be met for the escrow to be released, such as the completion of certain contractual obligations or the passage of a set timeframe. Its core practical function is to provide clear expectations for all parties regarding when escrowed assets will be held and when they will be released, thereby reducing uncertainty and potential disputes over the timing of asset transfer.
Duration of Escrow. The Escrow Agent shall hold the Escrow Property as provided in this Agreement until complete distribution thereof in accordance with the applicable provisions of Article III and/or Article IV.
Duration of Escrow. The Escrow Agent shall hold all Escrow Shares and Set-Off Shares and other property constituting a part thereof until the Escrow Shares or Set-Off Shares, or other property constituting a part thereof that corresponds to the Distribution(s), is delivered to the Exchange Agent for distribution to the Stockholders or to Parent, as the case may be, pursuant to the terms of this Escrow Agreement.
Duration of Escrow. Subject to (i) earlier release in connection with the payment of any Final Working Capital Adjustment in accordance with Section 1.9 above, and (ii) the provisions of Sections 1.10 d., e. and f. below, the Holdback Cash and Holdback Units comprising the Indemnity Holdback shall be retained until the second Business Day following the twelve (12) month anniversary of the Closing Date (the "Release Date").
Duration of Escrow. Subject to the provisions of Article IV hereof, the Escrow Agent shall hold the Escrowed Shares and the Funds as provided in this Escrow Agreement until the termination hereof in accordance with Article IV.
Duration of Escrow. If the Deposit Materials have not been previously released to Tribune under the terms of this Article, the escrow will be terminated and the Deposit Materials destroyed by the Escrow Agent upon the first to occur of the following: (i) termination or expiration of this Agreement; or (ii) mutual written agreement of the Parties.
Duration of Escrow. Until the later of (i) one (1) year after the Closing, or (ii) in the event of any pending claim subject to 3(a) above, until the final resolution of such claim.
1. Bond Street is (a) a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and (b) a bank holding company registered with the Board of Governors of the Federal Reserve System under the Bank Holding Company Act of 1956, as amended.
2. FCB is a national banking association formed under the laws of the United States and is authorized to transact the business of banking.
3. Each of Bond Street and FCB has the corporate power to execute and deliver each of the Transaction Documents1 to which it is a party and to perform its respective obligations thereunder.
4. Each of the Transaction Documents to which it is a party and the transactions contemplated thereby have been duly authorized by each of Bond Street and FCB.
Duration of Escrow. Subject to the provisions of Section 10, this Agreement shall terminate upon the occurrence of the earlier of: (a) the satisfaction of the Indebtedness; or (b) joint instructions from CTI and Sack consenting to the termination of this Agreement. Section 7 and Section 8 shall survive the termination of this Agreement.
Duration of Escrow. The Escrow Agent shall hold the Escrow Funds in the Escrow Account until authorized or directed hereunder to deliver all or a portion thereof as provided in Section 1.
Duration of Escrow. If the Deposit materials have not been previously released to Cobra under the terms of Section 4.2, the escrow will be terminated and the Deposit Materials returned to Horizon upon the first to occur of the following: (i) termination of Horizon’s obligation to provide Support Services under this Agreement; or (ii) mutual written agreement of the parties.