Common use of Escrow Disbursement Clause in Contracts

Escrow Disbursement. Upon receipt by the Escrow Agent of the Buyer Closing Documents and the Seller Closing Documents in form and substance satisfactory to the Buyer, the Seller and the Escrow Agent, the Escrow Agent will cause the Shares and the related transfer documents to be delivered to the Corporation or the Corporation's transfer agent for transfer of the Acquisition Shares for issuance in the name of the Buyer or the Buyer's designee with the Option Shares being reissued in the name of the Seller.

Escrow Disbursement. Upon receipt by the Escrow Agent of the Buyer Closing Documents and the Seller Closing Documents in form and substance satisfactory to the Buyer, the Seller and the Escrow Agent, the Escrow Agent will cause the Shares and the related transfer documents to be delivered to the Corporation or the Corporation's transfer agent for transfer of the Acquisition Shares for issuance in the name of the Buyer or the Buyer's designee with the Option Shares being reissued in the name of the Sellerdesignee.