Common use of Escrow Proceeds Clause in Contracts

Escrow Proceeds. As promptly as practical upon receipt of any Escrow Proceeds, the Paying Agent shall distribute such funds to the Specified Stockholders on a pro rata basis in accordance with their respective ownership of Specified Stockholder Shares.

Appears in 2 contracts

Sources: Merger Agreement (Starbucks Corp), Merger Agreement (Teavana Holdings Inc)