Common use of Escrow of Proceeds Clause in Contracts

Escrow of Proceeds. On the Closing Date, the Company will deposit or cause to be deposited with the Escrow Agent an amount in cash, which, together with the net proceeds of the offering of the Notes deposited by the Initial Purchase hereof and the Escrow Agreement, is sufficient to redeem the Notes at the Special Redemption Price on July 9, 2015, pursuant to the terms of the Escrow Agreement.

Escrow of Proceeds. On the Closing Date, the Company will deposit or cause to be deposited with the Escrow Agent an amount in cash, which, together with the net proceeds of the offering of the Notes deposited in the Escrow Account by the Initial Purchase hereof and the Escrow AgreementCompany, is sufficient to redeem the Notes at the Special Redemption Price on July 9, 2015the Special Mandatory Redemption Date, pursuant to the terms of the Escrow Agreement.